The cryptocurrency market is witnessing intriguing changes. Cardano (ADA) and Hedera (HBAR) are facing certain resistance and support levels, while the new project BlockDAG shows significant growth.
BlockDAG: Launch and Success
BlockDAG is already demonstrating its full functionality with active beta testing. Over 750,000 users are participating in mining through the X1 App, and the project has raised over $217.5 million. BlockDAG's successes include 10 upcoming listings on centralized exchanges and the potential to achieve 2000 TPS with scalability up to 15000 TPS.
Hedera Price Analysis
The price chart of Hedera demonstrates similar patterns to 2021, when the price fluctuated in the range of $0.16–$0.22. Technical analysts, including Rekt Capital, point to this range as a possible rebound zone. The current situation requires monitoring the support line at $0.16 for potential upward dynamics.
Cardano Price Dynamics
Cardano trades above the $0.600 support after a 13% rise, but is now facing resistance near $0.660. The RSI indicator shows 47, indicating weak buying interest. Close attention should be paid to the $0.631 level, as holding above this could help ADA test resistance at $0.666.
The status of Cardano and Hedera requires further analysis and confirmation of movements. Despite this, BlockDAG has already established itself as an active player in the market with a large user base and functioning contracts.
