The cryptocurrency market continues to show mixed signals as two projects, Chainlink and Pi Network, face challenges, while the new player BlockDAG attracts trader attention.
Chainlink at a Critical Support Level
Chainlink (LINK) is at a crucial technical stage, facing pressure at the $12.70 level after slipping to $11.80. If LINK fails to hold this mark, further declines may follow. Indicators show negative signals, although there are short windows for potential recovery. Trading volume remains moderate, indicating market uncertainty. Many traders are awaiting clear signals for action.
Pi Network Losing Ground Amid Expectations
Currently, the Pi Network price has fallen below $0.50 after a significant drop of over 30% this month. Traders are watching the $0.47 support level, as it could lead to a potential reversal. Attention is focused on the June 28 event, which may trigger updates in the project, but before that, Pi Network needs to reclaim the $0.53 level to improve sentiment.
BlockDAG: Growth Prospects and Active Users
BlockDAG is starting with a current price of $0.0020, with a confirmed rise to $0.0030 set for June 24. Over 2 million users are already mining BDAG. A significant sponsorship announcement is also expected on June 30, which should raise awareness of the project among investors. The growth pace and active measures surrounding BlockDAG set it apart from other market projects.
The crypto market remains uncertain, with noticeable pressure on Chainlink and Pi Network. However, BlockDAG attracts attention with its growth and active community, which may signal new opportunities for investors.
