Interesting trends are emerging in the cryptocurrency market: former favorites Solana and Cardano are facing challenges, while newcomer BlockDAG continues to gain popularity.
BlockDAG and its Bonus Program
BlockDAG is concluding its historic presale, offering the BDAG7X bonus in the last 24 hours. This program has attracted over $212 million in investments, highlighting interest in the new project. The coin is set to launch on 10 exchanges later this year, with a current price of $0.0248.
Price Analysis of Cardano (ADA)
Cardano continues to trade below key resistance at $0.70, with subsequent declines following a sell-off of 200 million ADA by large holders in March. Support for ADA hovers around $0.63, however, a potential breakdown below this level could pave the way to $0.60. In the short term, the upside potential appears limited.
Price Analysis of Solana (SOL)
Solana shows persistent resistance within the $120-$123 range, attributed to increased selling interest. Support lies at $115, but a recent 46% drop in user activity indicates potential difficulties ahead. A breakout above $147 may meet resistance.
The cryptocurrency market remains tense. Solana and Cardano show no clear signs of growth, while BlockDAG confidently moves forward. The upcoming moment related to the end of the bonus program makes it an important benchmark.
