Crypto Markets Mixed: SHIB, PI Face Challenges; BlockDAG Raises $420M
Cryptocurrency markets are witnessing mixed fortunes. Shiba Inu (SHIB) and Pi Network (PI) face technical challenges, while BlockDAG's presale raises nearly $420 million.
Shiba Inu (SHIB), with a market cap of $7.19 billion and daily volume of $253.85 million, is testing resistance at $0.00001294. Analysts suggest breaking above this level could push SHIB to $0.00001300, but a failure might drag it toward $0.00001100. Technical indicators show near-term weakness and neutral trading activity.
Meanwhile, Pi Network (PI) faces extreme oversold conditions and seller dominance, plummeting nearly 90% to a record low of $0.25. A further drop to $0.19 is possible if sentiment doesn't improve. BlockDAG, however, has raised nearly $420 million in its presale, with tokens priced at just $0.0015 in Batch 31 and a confirmed $0.05 launch price. The project has shipped over 20k X-Series miners across 130+ countries and has over 3 million X1 app users. BlockDAG offers a strong referral system, with 25% commissions for referrers and 5% bonuses for referees.
While Shiba Inu (SHIB) and Pi Network (PI) face technical hurdles, BlockDAG's successful presale signals potential in the crypto market. SHIB's resistance test and PI's extreme oversold conditions will dictate their near-term performance. BlockDAG's impressive user base and strong referral system could drive its launch price to $0.05.
