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Cryptocurrency News Articles

BlockDAG (BDAG) Price Analysis: Mixed Signals for Top-Tier Coins as Something New Has Everything Live

Apr 18, 2025 at 12:00 am

The Cardano (ADA) price analysis shows mixed signals after a 13% weekly climb, with resistance forming near $0.66 and buyer exhaustion showing in the RSI.

In the rapidly evolving landscape of cryptocurrency, new coins are continually emerging, promising groundbreaking innovations and investment opportunities. However, amidst the flurry of new tokens, a small number of top-tier coins have begun to show signs of fatigue after an extended bull run.

As these established coins appear to be slowing down, a new coin has already hit the ground running, completing key milestones and attracting significant attention. This new coin, known as BlockDAG, has already launched its Beta Testnet, integrated smart contract capabilities, and reached over 750,000 users through its X1 App.

Meanwhile, both Cardano (ADA) and Hedera (HBAR) are at crucial junctures, with Cardano struggling to maintain momentum after a 13% weekly gain and Hedera battling to hold key support.

Cardano (ADA) Price Analysis: Support Holds As Momentum Slows

Cardano (ADA) price analysis shows the coin still trading above the $0.600 support after gaining over 13% in the past week. ADA is currently trading close to the $0.650 mark but faces resistance around the $0.660 level, where we can observe long upper wicks indicating price rejection.

Looking at the daily chart’s Relative Strength Index (RSI), the indicator is now at 47, indicating that buyer strength is gradually decreasing. On the 4-hour chart, we can notice lower highs forming, which could indicate a potential near-term pullback, especially if no new strong support levels are identified.

If the buyers manage to keep the price above the $0.631 support, then it could pave the way for a continuation toward the next resistance at $0.666 and potentially test the $0.700 resistance if momentum returns. However, if the sellers manage to break the support, then it could open up a move toward the next support at $0.550.

Open interest has dropped by 4.43% in the last 24 hours, and DeFi TVL also dipped slightly, signaling that there is less interest in the coin from both traders and developers. Despite this setback, the longer-term view of Cardano remains positive, with over 2,000 projects now building on the blockchain.

Hedera (HBAR) Price Update: Can Support Hold For A Move To $0.20?

The Hedera (HBAR) price update shows a familiar pattern playing out, closely mirroring its 2021 setup. After getting heavily overbought, HBAR pulled back to test the boundaries of the key support zone at $0.16-$0.22.

Analysts like Rekt Capital say this could be the springboard for a breakout if the current level holds. A pennant breakout has already formed, and the RSI is now testing a long-term downtrend resistance. If that line breaks, it could confirm a major shift in momentum. A bullish RSI divergence combined with a weekly close above the red support area could open the path toward $0.20 and beyond.

The Hedera (HBAR) price update also shows a growing interest in Elliott Wave setups, with projections pointing to a possible 600% rally toward $1.23. But all eyes are on the support zone, as breaking it could slip HBAR into a crucial lower high pattern.

The new coin that has everyone talking is BlockDAG, a Layer 1 blockchain that is already live in Beta Testnet despite being in presale.

This isn’t a new coin slowly developing its roadmap. BlockDAG has completed key stages early, launching its Beta Testnet, integrating smart contract tools, and reaching over 1 million users through the X1 App. The coin is now fully mineable, and BlockDAG has raised over $214.5M in presale funds.

With 10 centralized exchange listings confirmed for 2025 and its mainnet capable of 2,000 TPS at launch (scalable to 15,000 TPS), BlockDAG is being positioned as one of the top 10 cryptos not by hype, but by function.

Here’s a closer look at what BlockDAG has achieved so far:

* Beta Testnet live and running smoothly

* No-code smart contract tools available

* Upgraded explorer launched

* Active smart contract deployments on the network

* Over 1M users on the X1 App for Web3 games and dApps

* 750K+ users actively mining BlockDAG

* More than $214.5M raised in presale from 120,000+ contributors

* Over 19.2 billion coins sold in Batch 27

* Each BDAG priced at $0.0248 in presale

* Early buyers

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Other articles published on Apr 19, 2025