This week in the crypto industry, there is strong buying activity and new records across several major projects, with BlockDAG standing out.
Technical Analysis of Solana: $300 in Sight
Solana has shown consistent upward momentum in 2025, although it recently pulled back after a brief breakout above $200. It now trades around $187, with near-term resistance at $188 and reliable support near $176.
A drop in user activity has raised some concern, with 1.4 million wallet addresses leaving the network in just two days. Additionally, the spike in the Liveliness metric may indicate increased sell pressure.
From a technical standpoint, however, the current structure remains intact. A recovery above $188 could lead to another test of $201, with possible gains toward the $250 to $300 range if broader market momentum strengthens.
Institutional Investments in Binance Coin
Binance Coin (BNB) is seeing rising trading activity after hitting a new peak of $860. Much of this momentum is linked to ecosystem events, including the Delabs Games Token Generation Event, which required users to lock BNB for participation, leading to a 96.74% surge in 24-hour trading volume.
Institutional involvement has also expanded, with Nano Labs committing $500 million to BNB reserves and Windtree adding it to their long-term portfolio.
Technical indicators support this strength as the MACD remains positive and the RSI stands at 86.34, signaling upward pressure.
Progress of BlockDAG and Its Market Impact
BlockDAG has become one of the best-performing crypto assets this week, currently priced at $0.0016 during its Global Launch release, with significant growth potential. The project has raised over $364 million in presale funds and is actively expanding its ecosystem.
Its hybrid blockchain-DAG architecture allows for scalable, low-cost transactions, enhancing its competitive edge in the market.
Since the launch of the X1 mobile app, over 2.5 million users have joined, and auctions and airdrops are taking place to expand the community.
With active buying and new price levels being reached, BlockDAG stands out as a promising project amid Binance Coin and Solana's developments. Anticipated future activity in the ecosystem and institutional investments are expected to positively influence related sectors.
