The cryptocurrency market continues to showcase intriguing trends as Dogecoin and Pi Network attempt to regain investor interest, while BlockDAG steadily rises.
Dogecoin Holds Support But Whale Pressure Rises
Dogecoin (DOGE) is trading around $0.21, hovering near the 200-day EMA, which is viewed as a key level by analysts. Chart patterns indicate a triangle formation, similar to setups that preceded Dogecoin's explosive rallies in 2016 and 2020. However, negative forces are becoming evident as derivative data shows negative funding rates and an increase in short positions. Additionally, whales have offloaded nearly 250 million DOGE since late August, adding pressure to the market. Key support levels are at $0.214 and $0.185, with resistance at $0.253 and $0.370.
Pi Network Looks to Mainnet Launch for Revival
Pi Network (PI) has endured a tough year with price drops and investor exits, but crypto analyst Dr. Altcoin argues that the project doesn’t need to peg its value to $1 like a stablecoin. Instead, he stresses that trust, adoption, and real-world utility are what truly matter. If millions of users begin pricing goods and services in Pi, stability will occur naturally through supply and demand without needing a 1:1 dollar peg. The Pi Network team is preparing for a September 3 mainnet launch alongside its v23.01 upgrade, which promises enhanced security and performance.
BlockDAG Demonstrates Impressive Growth and Activity
As competitors like Dogecoin and Pi Network scramble for momentum, BlockDAG (BDAG) is steadily carving out its place through clear milestones and tangible engagement. Its presale has already secured an impressive $396 million, placing it among the largest campaigns of 2025. With its X1 Mobile Miner app attracting over 3 million active users, BlockDAG is proving to be an innovative model for crypto engagement. The highly anticipated Deployment Event in Singapore and the launch of BlockDAG Academy, aimed at educating new users, further enhance its standing.
Both Dogecoin and Pi Network exhibit signs of potential, but their progress hinges on uncertain catalysts. While Dogecoin must defend against whale selling pressure and bearish signals, Pi Network's mainnet launch hopes to restore confidence. In contrast, BlockDAG continues to execute efficiently and demonstrate active participation in the market.
