In the fluctuating market, Solana and Shiba Inu are facing mixed outcomes, while BlockDAG introduces a new way for users to earn.
Solana Price Indicates Possible Stabilization After Decline
Solana’s price (SOL) has dropped 17% within a month, affecting market stability. Despite this decline, signs of recovery have started to emerge. The BBTrend indicator improved from -18.89 to -0.43, suggesting a reduction in bearish momentum. Although the BBTrend remains negative, its movement toward neutral indicates potential stabilization or an upward trend soon. Currently, SOL trades between a support level at $183 and resistance at $194.99. A break below $183 could lead to further declines, possibly reaching $175.
Shiba Inu Whale Activity Grows, but Price Remains Weak
Shiba Inu (SHIB) has faced persistent bearish trends, falling by 11% in the past month to trade at $0.0000223. Increasing sell pressure has pushed the Relative Strength Index (RSI) to 40, nearing oversold territory. While Shiba Inu whale activity has tripled, this growth has not significantly boosted the price. Whale activity still falls short of the weekly average, indicating that insufficient market engagement limits SHIB’s potential for upward movement. If these conditions persist, SHIB may remain in a confined range.
BlockDAG’s Referral Program Drives USDT Rewards!
BlockDAG stands out with its 'Refer & Earn' program, allowing users to earn unlimited USDT (BEP-20) rewards through referral links. The dynamic cashback system increases rewards as more purchases are made through the link within a 24-hour cycle. For example, referrers earn 6% cashback on the first purchase; the percentage grows with subsequent purchases, peaking at 10% on the fifth and later ones. Links reset daily, maximizing users’ rewards potential. Purchasers also benefit from receiving 6% cashback on transactions made via the referral link, credited instantly to compatible wallets.
Solana's price shows recovery potential after a steep decline, with key levels at $183 and $194.99. However, if support fails, SOL might drop further to $175. Similarly, Shiba Inu whale activity has risen, but its price remains under pressure, signaling a lack of broader market engagement. In contrast, BlockDAG is seeing success with its 'Refer & Earn' program, drawing attention and offering USDT reward opportunities.
