The cryptocurrency market witnesses notable changes. Avalanche (AVAX) shows growth, Pi Network (PI) remains in a tunnel, and BlockDAG is preparing to unveil new mining equipment.
AVAX Approaches $26
Avalanche (AVAX) is getting close to a significant resistance level at $26, following a rise above $23.80. This indicates a short-term bullish trend, supported by increased trading volume and higher lows. Analysts suggest there could be further gains if buying pressure persists.
Pi Price Remains in a Narrow Range
Pi Network (PI) continues to be trapped in a narrow range, trading near $0.445. The price has been following a descending wedge pattern since May, with little movement in either direction. Buyers are trying to hold the $0.44 support, but there is little momentum to spark a strong rally. Technical indicators do not provide strong direction, and if it breaks above $0.455 with decent volume, it might reach $0.495.
BlockDAG X1 and X10 Demo Announcement
On July 23, BlockDAG will host a demo of its new mining equipment, combining the X1 app and the X10 device. The X10 device can boost earnings to 200 BDAG a day. So far, BlockDAG has raised over $348 million in pre-sale, indicating strong interest in the project.
AVAX shows strength but may face challenges at a resistance level. Pi prices remain stable with no signs of growth, while BlockDAG is preparing for an important demo that could attract investor interest.
