Avalanche, SUI, and BlockDAG Crypto Projects Signal Key Turning Points as Market Teeters

The crypto market teeters at crucial levels, with several projects facing key turning points. For example, the Avalanche (AVAX) crypto price faces critical pressure at $35.47 and a possible 20% drop if support levels fail to hold.

Several crypto projects are reaching key turning points, offering promising opportunities for traders. Here's a closer look at 3 ventures that have recently grabbed attention:

1. Avalanche (AVAX) Crypto Price Might Drop by 20%

After a bullish run that saw the coin’s price cross $41, the Avalanche (AVAX) crypto price has reversed course and now sits at $35.47. Losing the $35 support might trigger a 20% drop toward $28, especially since the weekly chart indicates a descending pattern. Observers also note that the Avalanche crypto price formed deviations, signaling potential weakness.

The descending triangle on the daily chart points to a possible breakdown if the coin fails to hold above $32.80. Technical indicators, including the RSI and MACD, lean bearish, though some still see a chance for an upside breakout. Overall, the Avalanche crypto price stands at a critical junction, and many await confirmation of the next move.

2. Is $7 Still Possible for the SUI Network as DeFi Volumes Hit $672 Million?

The SUI network has attracted attention due to its current price of $4.39 and a drop of nearly 4% over the past day. DeFi enthusiasts note that daily volumes on the SUI network reached an impressive $672 million, suggesting that interest in its protocols remains robust.

Observers also point out that the SUI network faces pivotal support around the 0.786 Fibonacci level, with some predicting a possible dip to $3.48 if buyers fail to stabilize the price. On the upside, a rally toward $7.69 remains a topic of debate, especially if renewed activity can overcome the recent long-liquidation pressure. Many remain watchful of how the SUI network reacts in the coming days.

3. BlockDAG Announces Partnership with HackerEarth for Global Hackathons

BlockDAG has announced a significant partnership with a leading global online coding platform, aiming to host a series of 4 global hackathons that will invite top-tier developers to explore its Layer 1 infrastructure and create innovative dApps. This collaboration will further amplify the project’s mission to accelerate Web3 adoption and pave the way for the next generation of decentralized applications.

The project has already seen incredible success and the new partnership is adding more fuel to the growing presale. Priced at $0.0248, the native coin BDAG’s presale has already sold 18 billion coins and raised over $184 million. Early participants have enjoyed a remarkable 2,380% ROI, reflecting considerable excitement around this presale. The team envisions a path toward even greater expansion, driven by diverse developer engagement.

“We see hackathons as a powerful tool for connecting with developers, promoting innovation, and accelerating the growth of the BlockDAG ecosystem,” said a BlockDAG spokesperson. “Partnering with HackerEarth allows us to leverage their expertise and extensive community to achieve our goals.”

HackerEarth offers access to developers across 133 countries and 450 universities, ensuring a global footprint for BlockDAG. By hosting these events, BlockDAG hopes to discover high-quality projects that advance Web3, benefiting both new creators and the existing user base. Over 500 companies have already used HackerEarth for driving advancements, which signals a strong track record and a roadmap BlockDAG can follow.

Many believe this initiative positions BlockDAG as the best bet of 2025, as it blends substantial funding with widespread visibility. The effort has inspired more people to buy a crypto like BDAG that emphasizes real-world applications and developer-driven progress, highlighting BlockDAG’s potential to leave its mark on the crypto industry.