The crypto market sees a pause: Solana stabilizes around $145, Tron faces challenges breaking through key levels, while BlockDAG shows significant growth.
Solana (SOL) Status
The price of Solana (SOL) has stabilized at $145 due to its struggle with technical resistances around $157-165. Despite positive on-chain metrics, including over $1 billion in Q2 revenue from applications, the price remains static. Analysts suggest that a breakout above the 20-day EMA, around $154, could push the price towards $180-$195. However, the current landscape remains uncertain.
Tron (TRX) Market
The market sentiment for Tron (TRX) is generally positive, supported by stability in the range of $0.26-$0.31. Strong support at the $0.26-$0.27 level is driven by increasing accumulation and blockchain activity. Over 2.1 million addresses are actively utilizing the network, and Tron continues to lead in stablecoin volume, processing over $50 billion monthly. Nevertheless, efforts to clear the $0.30 level have been unsuccessful.
BlockDAG Dynamics
BlockDAG is showing significant growth, having increased from $0.0018 to $0.0020 and aims to reach $0.0030 by June 24. The project continues to attract attention thanks to its presale, which has raised over $320.5 million. Unlike other projects, BlockDAG demonstrates consistent growth, leaving a lot of hope for further development.
In the current lull in the markets for Solana and Tron, BlockDAG stands out with its sustainable growth characteristics and significant volumes. Cryptocurrencies remain in a waiting phase, but the future could bring unexpected breakthroughs.
