The cryptocurrencies Bittensor (TAO) and Pi (PI) are currently facing challenges in their price trends. Analysts predict further fluctuations while the BlockDAG project may emerge as a new market favorite.
Bittensor (TAO) Price Decline
The price trend of Bittensor (TAO) has recently shown signs of cooling off. After briefly reaching $285, TAO has dropped below $270. Strong resistance is present in the $282-$285 range, which may act as a short-term ceiling. If this resistance holds, TAO could revisit lower levels around $245-$250, particularly if broader market momentum weakens.
Technical indicators also show caution. Daily trading volumes have decreased, and TAO’s RSI has dropped from overbought levels to a more neutral range between 52 and 55. Short-term traders should closely monitor support levels, as a close below $260 could signal further selling pressure.
Pi (PI) Struggles
Pi (PI) continues to experience downward pressure, dipping below $35 this week. Despite early excitement and a massive presale, Pi Network has failed to establish solid support, with recent reports showing a decline in user interest. The lack of open mainnet access and limited exchange listings are starting to affect sentiment with many investors feeling hesitant.
On-chain activity remains low, and liquidity is scarce on unofficial platforms. As more early investors look to offload their positions, Pi’s downward trend may continue unless the team accelerates its core network rollout. Without full exchange integration or a major announcement, many traders are sitting on the sidelines.
BlockDAG Prospects
BlockDAG has raised over $309.5 million and sold 22.8 billion BDAG coins, with the full-scale launch roadmap already in motion. The current price for BDAG is $0.0276 with a limited-time offer at $0.0018.
CEO Antony Turner emphasizes execution over promises. The planned six-week launch includes completing coin vesting, an air drop of 40% of presale coins, and activation of a seven-day exclusive trading window on its primary exchange.
The price trends of Bittensor (TAO) remain steady but have not broken out, while Pi (PI) continues its downward slide without clear catalysts. It is expected that BlockDAG, with its improved plans and significant investments, will attract more trader attention in the future.
