The cryptocurrency market is currently focused on three significant events, including forecasts for Toncoin, potential risks for XRP, and the launch of BlockDAG's trading panel.
Forecast for Toncoin
Based on recent trading data, Toncoin (TON) has shown positive dynamics. Technical and fundamental indicators suggest a potential breakout if the coin exceeds resistance levels. If it surpasses the $3.588 mark, there is potential for a rise to $4.211. Market optimism has increased after Coinbase Ventures announced its support for Toncoin, adding it to its list of high-profile projects.
Risks for XRP
The current formation on the XRP chart raises concerns about a possible pullback. An analysis of the two-week chart shows that the current pattern resembles the situation in 2018 when a similar structure led to sharp declines. Concerns are amplified by bearish divergence, indicating higher prices while the relative strength index (RSI) declines. This could bring prices down to $1.64, representing about a 45% drop from current levels. However, breaking through resistance at $3.55 could open paths toward $4.41 or even $5.68.
BlockDAG’s Trading Panel
BlockDAG stands out from competitors by launching a trading panel prior to the official release of its cryptocurrency. This panel provides users with tools for in-depth analysis, real-time price updates, and the opportunity to engage actively in trading processes before launch. Over 25.1 billion BDAG coins were sold in the presale, which raised over $373 million.
In light of the current situation, Toncoin shows potential for growth, while XRP faces risks of decline. Meanwhile, BlockDAG is actively drawing attention with its innovative trading panel.
