This week, the cryptocurrency market has shown mixed signals amid events surrounding two altcoins. PENGU is preparing for a potential breakout while Cosmos faces strong price pressures.
PENGU Aiming for Breakout
PENGU is approaching a breakout from a cup-and-handle formation, targeting $0.082 if buyers can clear the $0.045 resistance level. Currently priced at $0.03843, it is up 12.6% for the week after a sharp rebound from the $0.030 support level. Since the beginning of 2025, it has rallied 800% from the year's lows.
Cosmos Volatility
Cosmos (ATOM) experienced a volatile session between August 10 and 11, with price swings of 6.20% from a high of $4.77 to a low of $4.48. The market showed significant selling pressure, but in the last hour, prices started to rise, which was also supported by Coinbase's announcement of dYdX support on the Cosmos network.
BlockDAG’s Success
BlockDAG (BDAG) has attracted over $374 million in its presale, making it one of the most discussed topics. The current price of BDAG is $0.0276, with a planned launch price of $0.05. Dashboard V4 adds interest thanks to its functionalities, allowing users to monitor real trades and manage their assets. Partnerships with professional sports also add additional value.
This week in the cryptocurrency market showcased dynamics, comparing processes in PENGU and ATOM, while BlockDAG captures attention due to its successes in fundraising and innovative tools.
