The cryptocurrency market is facing a complex situation regarding several assets. Bittensor (TAO) and Near Protocol (NEAR) show unstable price dynamics, while BlockDAG (BDAG) draws attention with its upcoming launch.
Bittensor (TAO) Price Trend at Risk
The price pattern of Bittensor (TAO) appears weak. Following another failed breakout above $340, TAO has returned to a pressure point at $310. This level previously triggered a bounce in late June, but repeated tests often weaken support. Indicators also point to a worsening situation: the RSI has dropped below 42, and the 50 EMA now acts as resistance around $333. The negative structure remains: lower highs and lower lows indicate a potential for further downside.
Near Protocol (NEAR) Price Drop Under Review
The price drop of Near Protocol (NEAR) by nearly 5% over the last 24 hours reflects a broader market trend, including Bitcoin, which has dragged many altcoins down with it. NEAR is currently trading at $2.04 with volume down 27%. Nevertheless, the technical structure signals an upside potential as NEAR is hugging the upper edge of a descending channel, which sometimes precedes upside breaks. If bulls can overcome this resistance, targets at $2.70 and $3.65 may come into focus.
BlockDAG's Buyer Battles Gain Popularity
BlockDAG's buyer battles have evolved from a quiet incentive to a significant mechanism in the upcoming presale. With a reward pool of 50 million BDAG, this aspect has become an important source of value. Battles occur daily, and if the set target isn't met, the remainder is awarded to the top-performing buyer, providing substantial rewards. To date, BlockDAG has raised over $329 million, with over 23.6 billion BDAG sold.
The overall analysis reveals that Bittensor (TAO) and Near Protocol (NEAR) are under pressure but maintain their technical structures, opening opportunities for potential growth. Meanwhile, BlockDAG shows activity and interest from investors amidst a successful presale.
