The cryptocurrency market is showing activity amidst tight timelines. The current trends of Arbitrum, BONK, and upcoming events for BlockDAG are discussed.
Arbitrum (ARB) Price Forecast
Based on current technical signals, the price forecast for Arbitrum (ARB) largely depends on whether it can stay above the $0.44-$0.45 range. After a prolonged decline, ARB seems to be forming a double-bottom at this level, which could allow for a move higher if buyers step in. A breakthrough past $0.51 will be the next major milestone, with potential growth towards $0.55-$0.60. Conversely, failure to maintain support may lead to a drop towards $0.30.
BONK: Price Target Increases Following Breakout
BONK has triggered a bullish breakout from a six-week falling wedge pattern, which often suggests a reversal is underway. The price recently bounced from around $0.00001450, buoyed by a 38% rise in trading volume. Consequently, short-term targets now include $0.000018, $0.000022, and possibly $0.000026 if the rally continues.
BlockDAG Launch and Auction Conclusion
BlockDAG has set two significant updates for August 11: the GLOBAL LAUNCH and the conclusion of its 10 BTC Auction, currently valued over $1.1 million. This double milestone gives clear deadlines for participation. Unlike other projects, BlockDAG maintains strong momentum, having raised $360 million across 29 presale batches.
August presents significant opportunities for the cryptocurrency market, with key events for BONK, ARB, and BlockDAG. The success of ARB hinges on maintaining its support level, while BONK shows strengthening following its breakout.
