This week, the crypto market is showcasing sharp differences in performance among major assets. AAVE's price has pulled back, but it still aligns with a larger upward trend, while Shiba Inu has significantly increased its trading volume. Meanwhile, the BlockDAG project is successfully conducting its presale.
AAVE Price Movement
Currently, AAVE's price hovers around $329 after pulling back from $370, failing to break through the resistance at $350. The dip has brought the price closer to the 200 EMA support zone near $327, with the RSI indicating strong oversold conditions at 27.
Despite this weakness, the overall upward trend remains valid as long as the support range of $291 to $300 holds.
Shiba Inu Trading Volume
In the past 24 hours, Shiba Inu's trading volume surged by 109%, reaching $334 million. This increase occurred during a major market sell-off that wiped out $749 million in total liquidations.
While SHIB's price dipped 3.85% to $0.00001244, the rising trading volume stands out. Active interest in SHIB remains high, especially around key support zones.
BlockDAG's Prospects
BlockDAG has raised over $386 million in its presale, with 25.5 billion coins sold, capturing significant market attention.
Starting at just $0.001, BDAG has steadily climbed to $0.03. Early participants have already seen returns grow by 2,900%. The presale is approaching a confirmed launch price of $0.05, setting the stage for a strong market debut.
Amid mixed signals from AAVE and SHIB, BlockDAG is demonstrating steady growth. With over $386 million raised, 25.5 billion tokens sold, and an anticipated fixed launch price, BlockDAG is actively shaping its reputation in the crypto market.
