Recent events in the cryptocurrency market underscore the importance of support and real utility for investors. Shiba Inu and Pi Coin are facing challenges, while BlockDAG exhibits impressive results.
Whale Moves Surrounding Shiba Inu
Shiba Inu shows signs of declining activity. Indicators such as the Money Flow Index and MACD suggest a potential weakening. Recently, Coinbase moved approximately $70 million in SHIB to an undisclosed wallet, drawing attention to large holder activity. Trading volume has sharply decreased, which may foreshadow significant price changes.
Pi Coin's Struggles at Critical Support Level
Pi Coin is testing key support at $0.32, where buying pressure is evident. However, without a clear break above the $0.37 resistance level, its further movement remains in question. Some technical indicators suggest it may be overbought, hinting at a possible trend change.
BlockDAG's Advantages in the Presale Process
BlockDAG attracts attention due to a successful presale, raising $367 million and selling over 24.9 billion coins. Instead of waiting for a product launch, the project has provided users access to a live platform via Dashboard V4, which reduces waiting times and adds transparency to the process. This allows users to see the project's functionality now.
In the face of uncertainty in the cryptocurrency market, Shiba Inu and Pi Coin are encountering challenges, while BlockDAG demonstrates how an innovative approach can strengthen investor confidence. The market situation continues to evolve.
