This week in the cryptocurrency market features volatility in Cardano (ADA) and Aptos (APT). Both projects are in a holding pattern, while BlockDAG garners attention due to significant upcoming events.
ADA's Price Movements and Market Impact
Cardano (ADA) is trading around $0.63 after large holders offloaded nearly 270 million ADA last week. This significant exit caused a drop to $0.617, but a modest rebound occurred afterward. Indicators like RSI and MACD suggest ADA is in oversold territory, indicating potential upside if buying pressure returns. Some analysts are targeting a move toward $0.67 as the next key level.
APT's Situation Post-Token Unlock
Aptos (APT) remains close to $4.50 after a major unlock event added 11 million tokens into circulation on June 12. This led to a dip, but support is holding around $4.39. The current chart setup is tight, and many traders are waiting for a breakout as volume stabilizes. Technical indicators reveal oversold RSI and a possible ascending channel, fueling optimism for a climb.
BlockDAG's Rollout Plan and Key Events
BlockDAG is gearing up for important events. CEO Antony Turner confirmed miner shipments will begin on July 7, followed by the X10 model on August 15. The deployment follows a recent sponsorship announcement scheduled for June 20. During its successful presale, BlockDAG raised over $313.5 million and sold 22.8 billion tokens, aiming for a total of $600 million. Significant deliverables, including dApp launches and community node activations, are also expected in the coming weeks.
Cardano and Aptos are in a holding pattern following recent market fluctuations, whereas BlockDAG is actively moving towards its launch schedule, attracting strong investor interest.
