The cryptocurrency market continues to face pressure, but certain assets like Cardano and Ethereum are showing interesting trends. Meanwhile, the new project BlockDAG offers unique opportunities for traders.
Cardano's Situation: Bullish Outlook and Key Support Levels
Cardano maintains a bullish outlook, holding its position inside an upward channel. The price remains above the 50-day EMA, attracting buyers. Despite brief selling pressure, active accumulation around the mid-range prevented further decline. Momentum indicators like RSI indicate that ADA is cooling off but not losing strength, leaving room for a potential rebound.
Ethereum: Increased Interest and Market Activity
Ethereum's futures market is experiencing record open interest, now above $50 billion. This surge signals strong speculative and institutional activity. Over the past month, open interest has climbed 64%, indicating that traders are heavily engaging in leveraged positions and expecting price movement. ETH has reclaimed a key zone between $3,150 and $3,300, turning it into both support and resistance.
Launching BlockDAG: A New Approach to Trading Before Official Release
BlockDAG stands out by offering users the ability to trade in a live environment even before its official launch. Through its updated interface, users can access real-time BDAG/USD price charts, a functioning order book, and instant wallet balance updates. This interactive experience allows participants to engage more actively in trading, changing the perception of presale events.
The status of Cardano and Ethereum in the cryptocurrency market draws attention, but the launch of BlockDAG with its unique opportunities provides traders with a more tangible experience. The new project changes the approach to presales by offering the possibility of real trading.
