This week promises a lot of events in the crypto world: Cosmos is trying to regain footing after recent losses, BONK price is close to a breakout zone, and BlockDAG announced the launch of its beta testnet.
Cosmos Clings to Key Levels
Cosmos (ATOM) continues to face pressure, logging an 18% drop in the past month and a 13% decline over the last six months. Nevertheless, trader activity remains visible between the $3.50 and $5.15 levels. Resistance at $5.92 hampers upward attempts, while support at $2.62 attracts buyers. An RSI just above 41 suggests that Cosmos remains under bearish control, but there is some support from buyers looking for dips.
BONK's Price Eyes Breakout
BONK price has climbed 8% to $0.00001366, buoyed by market optimism. Trading volume surged by 102%, indicating traders are positioning themselves ahead of a potential breakout. Support between $0.00000890 and $0.00000960 continues to attract attention, with traders closely monitoring daily closures above resistance that could trigger more upward movement.
BlockDAG Beta Testnet Shows Real Speed
BlockDAG has launched its new beta testnet, built entirely from scratch. During a recent AMA demo, developers confirmed the network already handles 800 transactions per second, doubling the performance of the previous testnet. They aim for over 2000 TPS for the mainnet. Half of the active nodes are now user-operated, spreading power more evenly across the globe.
This week in the crypto world brings forth several engaging events: Cosmos's recovery attempts, BONK's potential breakout, and BlockDAG’s impressive results keep traders focused on the market.
