The cryptocurrency market is experiencing various changes: Pi Network is under pressure due to unlocks, Litecoin holds hopeful signals for growth, and Cold Wallet shows strong presale activity.
Pi Network Under Pressure After Unlock
The Pi Network price has returned to the key $0.40 support, which previously held but is now under serious stress due to a $28 million unlock in July. With additional unlocks scheduled for August, selling pressure is likely to continue. Technical analysis shows that RSI has slipped under trend support, and if the current level breaks, it may lead to new lows.
Litecoin Price Prediction: Is a Breakout Possible?
Litecoin's price outlook presents a slow but hopeful rise towards $150. Currently, the price hovers around $108, resting above the key support area of $100-$110, which many traders consider crucial. Analysts suggest that holding above $108 could trigger gains toward $115 or even $120, allowing Litecoin to potentially breach its current high near $150.
Cold Wallet: Presale Progressing Strongly
Currently in Stage 16, Cold Wallet's presale has raised over $5.7 million, with interest continuing to climb. The price is at $0.00942, and this figure will increase with each new presale stage. Over 683 million $CWT coins have been sold in a short period, indicating rising demand for the project.
As Pi Network faces decline due to unlocks, Litecoin shows potential for growth, while Cold Wallet continues to excel in its presale. Monitoring these projects may provide insights into the future of the cryptocurrency market.
