The prices of cryptocurrencies Arbitrum and ONDO are exhibiting positive dynamics amid new expectations and exciting news related to BlockDAG.
Arbitrum Gains 46%
The price of Arbitrum (ARB) has risen by 46%, linked to hopes of a partnership with Robinhood. Trading volumes have increased, with ARB trading close to $0.35 and even touching $0.38 during the day. The rise in on-chain activity and the improving sentiment around ARB support this growth.
From a technical perspective, ARB is near the upper part of a long-term falling wedge. Indicators like MACD and Aroon show signs of stronger upward momentum. If ARB breaks out, it could target $0.75 in the short term, with $1 as a longer-term aim.
ONDO Recovers from Low Levels
The price outlook for ONDO is showing recovery signs as it increases from a low of $0.062 to the current $0.078. It has moved back inside a falling channel and is heading towards resistance between $0.082 and $0.085. The ONDO price outlook is supported by a bullish crossover seen on MACD and moving averages. The RSI is also approaching 60.
However, if ONDO fails to break through this zone, it could remain under $0.085. Current support holds near $0.072.
BlockDAG Launches Global Sale
Each day, 50 million BDAG coins are placed into the BlockDAG Buyer Battles. Unclaimed coins are awarded to the highest buyer of the day. This strategy makes presales an attractive avenue for building large holders in the future.
Thanks to the global launch of BlockDAG, buyers can acquire BDAG at $0.0016 until August 11. So far, the presale has raised $332 million, with 23.7 billion BDAG coins sold. This format allows participants to earn additional BDAG coins without the need for significant investment.
The situation in the cryptocurrency market appears promising: Arbitrum is showing growth, and ONDO is displaying signs of recovery. BlockDAG offers intriguing investment opportunities, reshaping the approach to building large holders.
