The cryptocurrency market continues to show significant shifts, with a focus on Dogecoin and Pi Network as key support levels and market movements provide new ground for analysis.
Dogecoin Support at $0.17
Dogecoin's support at $0.17 has attracted trader interest with hopes for the coin to regain higher levels. Analysts suggest that holding this support could lead to a rise to $2.74. However, failure to hold this level could result in a fall to $0.14 or lower.
Pi Network's Sharp Decline
Pi Network is facing heavy selling pressure, with its market cap dropping from $19.2 billion to $9.2 billion in just three weeks. The token has dropped 22% over the past two weeks and another 8% in the last 24 hours. Technical indicators point to further downside, with support being tested at $1.23. A shift in momentum could see a recovery above $1.57.
BlockDAG and SpaceDev Partnership
BlockDAG has secured a major partnership with SpaceDev, boosting project interest. SpaceDev will organize hackathons and programs to expand the community. BlockDAG's presale figures have surpassed $203.5 million, with early backers seeing a 2,380% ROI.
The impact of metrics and events on the cryptocurrency market raises many questions. Dogecoin's support level remains a key focus for traders, while Pi Network is under-selling pressure. BlockDAG's partnership with SpaceDev opens new opportunities for investors.
