The cryptocurrency market sees notable price activity for Ethena and NEAR Protocol, while BlockDAG wraps up its no-vesting offer.
Price Surge of Ethena and Its Limits
Ethena (ENA) price surged 37% this week but faced resistance near $0.69, slowing its momentum. The initial impetus stemmed from the expansion of the Ethena ecosystem and substantial investments. However, trading volume is declining, and the Relative Strength Index (RSI) indicates potential overbought conditions. If buying activity does not regain strength, ENA could pull back toward the $0.63–$0.60 range.
NEAR Protocol Price Momentum Accelerates
Near Protocol (NEAR) price is gaining momentum after forming a double bottom, a technical setup often associated with reversals. NEAR is trading above $2.93 after rebounding from a low of $1.78, indicating building interest. Analysts note that there is potential for further upside toward the $8 mark, supported by strong fundamentals, as over 583 million NEAR tokens are staked with a 9.5% APY.
Final NO VESTING PASS Offer of BlockDAG
BlockDAG has reopened its NO VESTING PASS for the last time until August 4. Buyers can obtain BDAG coins with full access at launch, without any lockup periods. Currently, BlockDAG is gaining traction, raising $358 million in its presale, with 24.5 billion BDAG coins sold. Demand continues to grow as the X1 Miner App now has 2.5 million users.
The cryptocurrency market continues to show activity with price rises for Ethena and NEAR Protocol, along with increased interest in BlockDAG. The end of the no-vesting offer, which has gathered $358 million, highlights current opportunities for potential investors.
