The crypto market is witnessing significant price increases for Cardano and Chainlink, while the new project BlockDAG is generating interest with its presale and security audits.
Cardano and Whale Activity
Cardano has shown solid growth, trading just below $0.70 after multiple days of 9% increases. On-chain data indicates that large holders are accumulating ADA during price dips, suggesting growing confidence among major participants in the market.
Positive metrics, such as improving funding, with a long-to-short ratio of 1.06, and a relative strength index (RSI) above 55, support the possibility of further growth. Clearing the 200-day EMA at $0.71 could open the door to retesting $0.74 and potentially reaching $0.80.
Chainlink Price Analysis
Chainlink has finally broken through the $12.40 resistance level, opening the door for further growth. Technical indicators, including Bull Bear Power and Chaikin Money Flow, back this move. Over $120 million worth of LINK has been moved off exchanges, indicating possible accumulation. The next key area to watch is $16.83, located at the 0.618 Fibonacci level. If the current momentum continues, LINK could reach $20. The outlook remains positive unless the price drops below $10.
BlockDAG: Security and Price Access Before Launch
BlockDAG has approached its launch with a focus on security, bringing in top firms for audits. Halborn's smart contract review is complete, and CertiK has conducted a detailed audit. The presale has raised over $220 million, with the temporary token price set at $0.0025. Early participants have seen gains of up to 2,380%. Interest in the project is growing among both retail and institutional investors, potentially indicating a successful launch.
The analysis of current trends shows that all three projects, Cardano, Chainlink, and BlockDAG, are attracting trader attention due to their price increases and focus on security. Observing further developments may be crucial for market participants.
