The crypto market is once again active with three notable projects showing different trends. Pudgy Penguins (PENGU) are demonstrating price strength, Chainlink (LINK) continues to gain traction, and BlockDAG is preparing mining innovations.
Pudgy Penguins (PENGU) Price Rally
The price of Pudgy Penguins (PENGU) surged over 20% in a single day following a breakout from a symmetrical triangle. This move follows a breakout in June from a falling wedge pattern, indicating a clear trend reversal. At its peak, PENGU touched $0.379; however, with the RSI above 81, a pullback to $0.031–$0.032 may be expected as the market cools. Much of this price action is associated with the increasing interest in the PENGU NFT collection, where the floor price surged by 16% to 16.75 ETH (approximately $63,500).
Chainlink (LINK) Price Target Moves Higher
Chainlink (LINK) exhibits solid strength, gaining 7% in the past 24 hours and trading close to $20. The current rally was triggered after LINK reclaimed key Fibonacci levels, sitting above the 0.618 level at $18.93. The next key price target for Chainlink is $22.30, with $26.50 in view if momentum continues. Technical indicators support this move with RSI above 82, signaling strong momentum as it enters overbought territory.
BlockDAG's X1-X10 Pairing Set to Expand Mining Earnings
BlockDAG continues to expand its reach in the crypto mining space through accessible and rewarding tools. Its X1 Miner app has become a favorite, enabling users to earn up to 20 BDAG per day simply by activating a session on their smartphones. This Wednesday, BlockDAG will showcase its new X10 rig in a live demo, which pairs with the app to increase mining capacity tenfold, allowing users to earn up to 200 BDAG daily.
The analysis of current trends in the crypto market indicates that Pudgy Penguins confirms a reversal backed by NFT market growth, while Chainlink is enhancing its position with a target of $22.30. BlockDAG stands out for its combination of innovations and earnings potential, preparing to create a stir with the forthcoming X10 demo.
