The crypto market is displaying significant contrasts: Avalanche (AVAX) and SUI are facing seller pressure, while BlockDAG (BDAG) shows strong growth thanks to developer support initiatives.
AVAX Faces Strong Sell-Off
Avalanche (AVAX) is under significant bearish pressure, dropping 20% from $24.50 to $19.50. Technical indicators such as RSI and MACD suggest a continued downtrend. Key support levels at $22.00, $21.50, and $20.00 have been breached, intensifying market pessimism.
SUI Risks Falling Below $1
SUI is under significant selling pressure, with over $600 million withdrawn from protocols within 24 hours, resulting in a 30% decline in Total Value Locked (TVL). Key support levels at $2.18 and $1.67 are at risk, with derivative data confirming bearish dominance.
BlockDAG Initiative for Innovation
BlockDAG has introduced a $30 million Grants Program to support decentralized applications (dApps) and blockchain tools. Developers can secure grants ranging from $5,000 to $100,000, accelerating ecosystem growth.
The crypto market remains volatile: AVAX and SUI are facing significant challenges, while BlockDAG is strengthening its position with a grants program and steady growth.
