In August, the crypto market is showing mixed trends. Cryptocurrencies BONK and ARB are exhibiting different dynamics while BlockDAG prepares for significant events.
ARB Support at $0.44
Arbitrum (ARB) is currently at a critical support level around $0.44-$0.45. If this support holds, it may lead to an increase in price above resistance at $0.51. Otherwise, a move towards $0.30 is possible. Current metrics indicate liquidity is clustered around this range.
BONK: Rising Trend After Breakout
BONK has broken out of a six-week falling wedge, which often signals a trend reversal. The price reclaimed support near $0.00001450 and rallied sharply. Trading volume rose by 38%, indicating renewed momentum. Immediate targets include $0.000018, $0.000022, and potentially $0.000026 if this momentum continues.
BlockDAG Nears Global Launch Moment
BlockDAG is preparing for a significant event: the GLOBAL LAUNCH on August 11. The project has raised $360M and sold 24.46 billion coins. The current price at Batch 29 is $0.0276, offering high returns for early participants. After August 11, the special price of $0.0016 will no longer be available.
August is shaping up to be a pivotal month for the crypto market. Arbitrum needs to hold support for stabilization, BONK is showing growth, and BlockDAG is set for launch, highlighting the importance of current events.
