The cryptocurrency market faces unstable times, especially for Bittensor and Near Protocol. Both currencies are struggling, while BlockDAG shows interesting opportunities for buyers.
Bittensor Price Pattern Risks
Weakness surrounds the price pattern of Bittensor (TAO). After failing to break past $340, the price slipped back to the known demand area around $310. This level helped TAO rebound in late June, but repeated tests may weaken support.
Current indicators also suggest weakness. The relative strength index (RSI) is below 42, and the 50-day moving average is now acting as resistance at $333. A bearish trend is visible with lower highs and lower lows. Unless the Bittensor price pattern manages to break above resistance, further declines towards $295 or below could be likely.
Near Protocol Price Drop Analysis
The price of Near Protocol (NEAR) dropped nearly 5% in the past day following Bitcoin's decline, dragging several altcoins down with it. NEAR is trading around $2.04, and trading volume has decreased by 27%. However, this is not solely about panic exits.
From a technical perspective, NEAR remains near the upper boundary of its descending channel, a pattern that often precedes upward breaks. If buyers push through this resistance zone, price levels of $2.70 and $3.65 could come back into sight. Currently, however, the Near Protocol price drop appears more like a critical retest rather than an outright failure.
Participation in BlockDAG's Buyer Battles
BlockDAG's Buyer Battles have rapidly evolved from a quiet initiative to a core driver of its presale interest. With the reward pool now standing at 50 million BDAG, this initiative draws attention from buyers.
Every day, a target purchase allocation is set. If it is not fully reached, the unclaimed BDAG coins are awarded to the day’s largest buyer. This winner does not just receive recognition; they gain the unsold coins themselves, which often amounts to significant values. The presale has already raised over $331 million, with more than 23.5 billion BDAG sold.
As market pressures continue to test asset strength, each cryptocurrency tells a different story. Bittensor is on the verge of potential decline, Near Protocol maintains structural integrity, and BlockDAG stands out with its impressive results. It is essential to keep a close eye on the ongoing dynamics of this market.
