Ethereum and Cardano are currently facing challenges in the crypto market, with Ethereum struggling to maintain momentum after dropping below $3,600 and Cardano experiencing selling pressure from large buyers. However, BlockDAG (BDAG) is on a different trajectory. With only a few days left before its price reset and a live 10 BTC auction underway, the project has become a focal point for both retail and institutional buyers.
Ethereum's failure to maintain upward momentum has sparked concern among traders, while Cardano’s price continues to decline due to whale-driven sell-offs. Meanwhile, BlockDAG is experiencing viral growth, thanks to its $0.0016 presale price and the auction offering 10 BTC as an incentive. With the price set to increase dramatically soon, many buyers are moving quickly to secure exposure to BlockDAG before the opportunity is gone.
Ethereum Faces Resistance At $3,600 As Momentum Dips
Ethereum’s price has fallen below the crucial $3,700 level and has struggled to regain momentum. After initially pushing above $3,700, Ethereum failed to hold that level, and its price is now hovering below the 100-hourly Simple Moving Average. The current price is under $3,600, and it faces resistance at $3,620 and $3,700. Analysts are now predicting that without a breakout above $3,750, Ethereum will face continued difficulty in reaching $4,000 anytime soon.
The MACD momentum has shifted to bearish, and the RSI is below 50, suggesting further downside pressure for ETH. If Ethereum breaks below $3,510, it could trigger a further decline to $3,420 or even $3,350. With no immediate catalysts for a rebound, Ethereum's short-term outlook has shifted from bullish to neutral or bearish, leaving many traders wondering whether it will maintain its status as one of the top crypto assets moving into the next quarter.
Cardano Faces Sell Pressure As ADA Continues To Decline
Cardano (ADA) is also struggling, with its price continuing to fall after facing a third consecutive week of losses. The downward pressure is mainly caused by large holders of ADA, known as whales, who have been selling their coins. Since July 24, these whales have offloaded 390 million ADA coins, leading to increased supply-side pressure on the market. Despite a slight increase in the number of active daily addresses (over 31,000), transaction volume has dropped significantly, from a July high of $1.69 billion to $744 million.
This decline signals weaker demand on the Cardano network. Furthermore, the RSI has dropped to 40, and the MACD has crossed bearish, signaling that the market sentiment is currently negative. The critical support level to watch is $0.6884. If ADA fails to maintain this level, there is a risk of further declines. Additionally, a “death cross” pattern is forming on the EMA indicators, increasing the likelihood of additional downward pressure on the price. While Cardano has long-term potential, its near-term outlook remains uncertain, with many traders seeking alternative opportunities.
BlockDAG’s Viral Momentum With $0.0016 Price And 10 BTC Auction
As Ethereum and Cardano struggle, BlockDAG has been rising to prominence with its highly successful presale campaign. The presale has already raised over $368 million, and the current price for Batch 29 is just $0.0276. However, as part of BlockDAG's GLOBAL LAUNCH release, users can purchase coins at a special price of $0.0016 until August 11, providing them with the potential for significant returns.
This presale price is only available for a limited time and will reset to $0.0276 after August 11, marking a 17x increase from the current price. Early buyers stand to gain substantial returns when the price hits the $0.05 mark after BlockDAG’s exchange debut.
In addition to the low entry price, BlockDAG has added a layer of excitement with a 10 BTC auction. Buyers who participate in the presale are automatically entered into the auction, with each purchase increasing their chances of winning a portion of the Bitcoin prize pool. The auction has created a sense of urgency, further drawing attention from traders and buyers.
BlockDAG’s technical architecture blends the best aspects of both blockchain and DAG technology, offering high-speed, scalable transactions. It also supports EVM compatibility and features a low-code smart contract builder, making it easier for developers to integrate into the ecosystem. The X1 mining app, which already has 2.5 million users, highlights the scale that BlockDAG is capable of achieving in the future.
Additionally, BlockDAG has confirmed listings on five major exchanges, including MEXC and BitMart, providing more clarity for the project post-launch. The recently launched Dashboard V4 allows users to track real-time performance and simulate trading, offering greater transparency and utility compared to other crypto projects.
The combination of a growing user base, the limited-time presale price, and the added incentives of the BTC auction has positioned BlockDAG as a project that offers real, tangible value rather than speculative hype.
Final Takeaway
Ethereum’s recent struggles and Cardano’s sell pressure have left many traders reassessing their positions. However, BlockDAG has quickly emerged as one of the most exciting projects in the crypto space. The presale at $0.0016, combined with the BTC auction and a price reset to $0.0276 after August 11, positions BlockDAG as an attractive opportunity for both short-term and long-term gains.
The next one day is critical, with the presale window closing soon and the price set to rise significantly. While Ethereum and Cardano grapple with uncertainty, BlockDAG is offering an exciting new alternative that combines timing, accessibility, and long-term potential.
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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