The crypto market is experiencing significant changes: Pi (PI) is awaiting a large coin release while Dogecoin (DOGE) attempts to hold its support level.
Pi (PI) Issues: Upcoming Release of 35 Billion Coins
Pi's updates indicate a scheduled release of 35 billion coins in June. This substantial increase in supply has raised concerns about a potential 25% price drop, as many warn that such a release could trigger immediate selling.
These fears overshadow any progress made by Pi's ecosystem. The sudden increase in circulating supply could undermine the price floor, even as the community pushes for measures like extended lockups to minimize market shocks.
Dogecoin (DOGE): Breaking Support at $0.15
The $0.15 support level has become crucial for Dogecoin, which has faced a slowdown in its upward momentum. While this level has shown resilience during recent selling, its ability to serve as a reliable base is still being tested.
Should this support hold, analysts believe DOGE could see a short-term rise towards $0.18. However, if it fails, a pullback to around $0.13 may be more likely, as weak buying volume and sluggish demand indicate limited chances for recovery without a change in sentiment.
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The crypto market continues to show significant fluctuations. Pi (PI) is facing pressure from the impending massive coin release, while Dogecoin (DOGE) remains within its technical struggle for support at $0.15. Unstaked shows promise of changing digital influence through a transparent engagement model.
