The cryptocurrency market is showing renewed activity, with Bitcoin Cash and Shiba Inu poised for potential growth. Meanwhile, the new project BlockDAG is gaining attention due to its unique earning model.
Bitcoin Cash: Bullish Pattern on the Horizon
Bitcoin Cash (BCH) is being regarded as a promising asset due to the emergence of a classic 'cup-and-handle' pattern, which often signals price growth. Current technical indicators, such as the Relative Strength Index (RSI), are hovering at 59.56, indicating an upward trend.
Support is holding steady at $350. If BCH breaks through resistance, price targets could range from $703.40 to $878.20, and in a full breakout scenario, even reach $1,058.40.
Shiba Inu: Awakening from the Quiet
Shiba Inu (SHIB) is showing signs of possible recovery. After a period of low activity on its price chart, SHIB is displaying signals that could indicate a turnaround. The simple moving average is aligning closely with SHIB's price, and a bullish crossover may be on the horizon.
Support remains steady at $0.00001065, while key resistance levels form at $0.00001340 and $0.00001975.
BlockDAG: Innovations and Earning Opportunities
BlockDAG introduces a unique earning model through the X1 Miner App and a referral system that allows users to generate income by growing their network. So far, the project has raised over $303 million, and the scale is actively bringing in new users.
Within the system, users can earn long-term rewards from the activity of newly referred users, creating a lasting chain effect. BlockDAG may redefine the rules of engagement in the crypto industry, focusing on a user-centric approach.
Amid the resurgence of activity in the crypto market, Bitcoin Cash and Shiba Inu may find themselves at the center of traders' attention. However, BlockDAG provides consumers with new earning opportunities, making this project particularly interesting for further exploration.
