This week, the cryptocurrency market displays mixed sentiments: PENGU is on the brink of a breakout, and ATOM faces volatility. At the same time, BlockDAG is gaining attention due to its successful presale.
PENGU: Potential Breakout to $0.082
PENGU is approaching a breakout moment from its cup-and-handle formation, with potential to climb toward $0.082 if it can clear the $0.045 barrier. Currently priced at $0.03843, the coin has gained 12.6% over the past week, rebounding sharply from $0.030 support. Since the beginning of 2025, it has formed a rounded base, bottoming in April, and has delivered an 800% rise from its yearly low. The optimism is fueled by the SEC’s review of a CBOE-backed ETF linked to an NFT-themed memecoin.
ATOM: Volatile Day and Recovery
Between August 10-11, Cosmos (ATOM) experienced a turbulent swing, dropping 6.20% from a high of $4.77 to a low of $4.48. Early buying lifted ATOM from $4.66 to $4.75 with 1.465M units traded. However, soon after, heavy selling pressed prices to the day’s low. In the final hour, sentiment changed again, with ATOM bouncing 1.68% from $4.49 to $4.56, pushing past $4.50 and $4.53 resistance zones. Coinbase's confirmation of support for dYdX (COSMOSDYDX) on the Cosmos chain adds confidence to buyers despite wider market uncertainty.
Technological Successes of BlockDAG
Meanwhile, BlockDAG is demonstrating impressive results, raising $373 million in its presale by selling 24.7 billion coins at a Batch 29 price of $0.0276, with a confirmed launch price set at $0.05. The Dashboard V4 has been a game-changer, allowing users to track real-time BDAG charts, execute instant buy/sell orders, and monitor activity. Improvements like leaderboard contests and referral tracking enhance user engagement.
In the cryptocurrency market, PENGU and ATOM show two different stories: one on the verge of a breakout and the other demonstrating resilience. Meanwhile, BlockDAG gains attention due to its technological advancements and successful presale.
