In recent weeks, the cryptocurrency market has faced significant shifts. In this article, we review the current state of PI Coin, the technical analysis of Stellar XLM, and an important development step for BlockDAG.
Where Does PI Coin Price Stand After a 66% Pullback?
The PI coin price has recently faced significant losses, dropping about 66% from its peak and nearing the $1 level, unseen since February 2022. Nevertheless, technical indicators suggest a possible rebound. Murrey Math Lines indicate a reversal zone, while indicators like MACD and PPO show bullish divergence. A falling wedge pattern has also emerged, which is often associated with potential upward breakouts. If momentum gains, the PI coin price might revisit $3. However, dipping below $0.70 could signal further downside risks.
Stellar (XLM) Technical Analysis Shows Triangle Tightening
Stellar XLM's technical analysis reveals a well-defined ascending triangle pattern, known for predicting bullish breakouts. On the 4-hour timeframe, $XLM is forming higher lows and nearing a resistance level just below $0.29, signaling increasing demand as the trading range tightens. If the price breaks above this resistance, projections based on the triangle’s height point to a target near $0.31, offering a potential 17% rise.
Build Smarter, Faster— BlockDAG’s Final Testnet Goes Live
BlockDAG’s final beta testnet went live on March 28, providing developers a platform to create and test dApps and smart contracts before the mainnet rollout. It offers an environment built for testing smart contract logic under real conditions. BlockDAG combines a Directed Acyclic Graph with Proof-of-Work, supporting parallel block processing and instant confirmations. Developers benefit from full compatibility with ERC-20, ERC-721, and ERC-1155 standards, allowing existing Ethereum-based apps to migrate smoothly using standard tools.
Though the PI coin price has dropped, technical indicators and chart patterns suggest the possibility of a recovery. Meanwhile, Stellar XLM's technical analysis hints at an imminent breakout. Attention shifts to BlockDAG, whose final testnet launch marks a significant development phase. As applications deploy and the network testing continues, BDAG strengthens its market position.
