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Crypto Trends

Lower Highs Form as Volume Expands on Declines

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Dogecoin defends $0.214 support while ETF speculation drives heightened trading activity.

By Shaurya Malwa, CD Analytics

Updated Sep 4, 2025, 5:08 a.m. Published Sep 4, 2025, 5:08 a.m.

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XRP Symmetrical Triangle Forms Under $3.00, $3.30 Breakout Level in Focus

Token rebounds from session lows with whale accumulation offsetting institutional liquidations, but resistance levels cap momentum.

What to know:

  • XRP traded in a narrow range from $2.81 to $2.87 over a 24-hour period, with large wallets accumulating 340 million XRP despite significant institutional liquidations.
  • Total transaction volume on the XRP Ledger more than doubled on September 1, reaching 2.15 billion XRP.
  • Analysts are divided on XRP’s future, with some predicting a rise to $7–$13 and others warning of resistance below key trendlines.



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Strategy’s Preferred Shares Form a Bullish Circle Around BTC
Crypto Trends

Strategy’s Preferred Shares Form a Bullish Circle Around BTC

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Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR).

Microstrategy, now known as Strategy (MSTR), has reshaped U.S. capital markets in 2025 by issuing a series of preferred stock under tickers STRK, STRF, STRD and STRC.

Collectively, these offerings raised about $5.6 billion year-to-date, making up for 12% of all U.S. IPO issuance (preferred or common) , according to Strategy. That scale alone underscores both investor appetite and the company’s role as the most visible corporate proxy for bitcoin BTC$108,549.02.

Performance across the preferreds has varied. STRF leads with a lifetime return of 31%, followed by STRK at 19% and STRC at 8%, while STRD has lagged with a negative 6% return. Still, the circle of financing vehicles has given Strategy a diversified base to fund its treasury. As of August, the company holds 632,457 BTC, cementing its position as the world’s largest corporate holder of the asset.

The firm’s enterprise value relative to bitcoin NAV stands at 1.60, with NAV calculated by dividing enterprise value, including preferreds and convertible debt, by the company’s bitcoin holdings but has declined over the past month as the stock has fallen over 25% from its July high.

So far in 2025, MSTR shares are up 13% year-to-date, compared to an 18% gain in bitcoin. That gap highlights both the company’s leverage to BTC and the market’s pricing of its debt and preferred stock obligations.

Alongside Strategy’s bold circle of offerings, other U.S. IPOs have also shone in 2025, making up the remaining $42 billion, including Bullish (BLSH) and Circle (CRCL), reinforcing a year defined by renewed risk appetite and crypto-linked capital market innovation.



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Pi Network, Cetus, Optimism: Cryptocurrencies to watch
Crypto Trends

Pi Coin price poised to pop? Two rare patterns form

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Pi Coin, the native cryptocurrency of the Pi Network, remains in a deep slumber despite the recent crypto market rally.

After hitting a year-to-date low, Pi Coin (PI) shows signs of a potential bullish reversal, forming rare chart patterns like a double-bottom and falling wedge. With low volatility suggesting an accumulation phase, the cryptocurrency could see a breakout if triggered by catalysts such as a tier-1 exchange listing, a token burn, or increased decentralization—though a drop below the double bottom would invalidate the bullish outlook.

Summary

  • Pi Network price has formed a falling wedge pattern on the daily chart. 
  • Pi has also formed a double-bottom pattern at its lowest level this month. 
  • It has numerous catalysts that may push it higher in the near term.

Pi Network price technical analysis

Pi Coin was trading around $0.3567 at the last check on Sunday, Aug. 24 — significantly lower than its year-to-date high of $3. Its market cap and daily trading volume have slumped this year.

A closer look at the Pi Coin’s12-hour chart shows that it has formed two rare unique chart patterns. The first one is a double-bottom pattern at $0.3357, its lowest level on Aug. 1 and 19. This pattern has a neckline at $0.4660, its highest level on Aug. 10. In most cases, this pattern normally leads to a strong bullish breakout.

Pi Network, a mobile-focused blockchain that allows users to mine and transact directly through a smartphone app, has also formed another rare pattern known as a falling wedge. This pattern, illustrated in the chart below in red, is drawn by connecting the highest swings since June 26 and the lowest points since April this year. The two lines are nearing their confluence, which may trigger a big move ahead. 

At the same time, the volume and volatility have slumped in the past few months. That could be a sign that it is in the accumulation phase of the Wyckoff Theory. The bullish Pi Network price forecast will become invalidated if it plunges below the double-bottom pattern. 

Pi Coin price chart | Source: crypto.news

Potential catalysts for Pi Coin price

The recent OKB (OKB) price surge was triggered by OKX’s announcement that it would burn tokens worth billions. Its maximum supply has now dropped to 21 million. 

Similarly, all Pi Network needs is a single catalyst, which could be a tier-1 exchange listing. Such a listing would be beneficial as it would make it available to millions of users. Pi is only available on a few tier-2 exchanges like Bitget and Gate. 

Another potential catalyst for the Pi coin could be a token burn mechanism that reduces the total number of tokens. Fortunately, Pi has a low-risk approach, where it burns the billions of unclaimed Pi tokens. 

Pi Network price would also go parabolic if there were full decentralization. Presently, the obscure Pi Foundation controls everything and holds over 90 billion tokens.



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