The crypto market displays mixed dynamics, with declines for Solana and increasing interest in Dogecoin, alongside the launch of BlockDAG's Beta Testnet.
Bearish Trends of Solana
Selling pressure on Solana (SOL) is intensifying, putting its $125 support level at risk. Previous recovery attempts have proven short-lived, and downward pressure still dominates the chart. If SOL cannot defend this level, it could trigger a chain reaction of selling.
Dogecoin Price Analysis
Dogecoin (DOGE) is hovering near critical resistance at $0.18 while trading around $0.17. Many holders purchased at this level, so a surge could lead to profit-taking, creating a significant hurdle. A break above $0.18 and $0.21 is essential for bullish momentum.
Launch of BlockDAG Beta Testnet
BlockDAG's new Beta Testnet V1 is now live, featuring performance improvements and new tools. It runs at double the speed of its previous Alpha version and includes a refined explorer. A reward pool of $60,000 is available for participants. CEO Antony Turner highlighted these developments during the presentation.
Solana's current price movement raises concerns as it threatens to fall below a critical support level. At the same time, Dogecoin is approaching a resistance test, while the launch of BlockDAG's Beta Testnet opens up new opportunities for participants.
