Crypto traders are closely monitoring the fluctuations of ONDO and SUI. This article analyzes the current state of these assets and discusses the upcoming BlockDAG auction.
ONDO: Price Forecast and Resistance Levels
ONDO is currently trading at $0.9419 after a 2.24% recovery, but it faces tough resistance at the $1 mark. Traders are watching closely to see how the price reacts in the coming sessions. A breakout above $1 could pave the way to Fibonacci targets at $1.32 and $1.50. Conversely, if ONDO fails to break through, it may retreat to previous lows.
SUI's Decline Creates Uncertainty
SUI suffered a sharp 20% drop this week, trading around $3.46. This decline followed a massive token unlock that flooded the market with 76.27 million tokens. Nevertheless, some analysts argue that this price drop could be a buying opportunity if the $3.40 support level holds. In July alone, SUI posted over $14 billion in decentralized exchange volume.
Insights on the BlockDAG Auction
BlockDAG is creating buzz with its upcoming 10 BTC auction set to close on August 11. It has raised $365.5 million through its presale, with 24.8 billion BDAG tokens sold. Each BDAG purchase before August 11 qualifies for a share of 10 Bitcoin, with the presale price set at $0.0016, significantly lower than the expected launch price of $0.05.
ONDO and SUI remain focal points for traders, with ONDO testing resistance at $1 and SUI grappling with the effects of the token unlock. The BlockDAG auction scheduled for August 11 introduces further opportunities for traders.
