This week, the crypto market shows active dynamics. Shiba Inu and Near Protocol are the focus of analysts, while BlockDAG establishes unique partnerships in sports.
Institutional Interest in Near Protocol
Near Protocol has observed significant price swings, moving from a support level of $2.57 to testing resistance at $2.73, reflecting nearly a 6% intraday shift. Despite these fluctuations, trader activity indicates a sustained interest in NEAR, which received $10.1 million in institutional inflows. In recent days, this has helped to strengthen its position amid broader digital assets.
Shiba Inu Prepares for a Breakout
Shiba Inu is currently consolidating within a weekly triangle pattern. With a current price of around $0.00001309, SHIB has seen nearly a 6% increase over the past week, with support at $0.00001045 and resistance at $0.00001678. Analysts highlight that a successful breakout could lead to significant price growth up to $0.000150.
BlockDAG Integrates Blockchain into Sports
BlockDAG is establishing partnerships with rugby and cricket teams, creating strong ties with fan culture. These initiatives go beyond mere sponsorships and aim to integrate blockchain into the sports experience, including NFTs and tokens. With $376 million raised in the presale, the project creates conditions for natural engagement of fans, thereby expanding its ecosystem.
The current situation in the crypto market demonstrates a variety of strategies and approaches. Shiba Inu and Near Protocol await market changes, while BlockDAG focuses on deep community interaction, which may ensure sustainable growth in the future.
