Is BlockDAG Heading for a Sharp Reversal, or Will It Slip Even Further? The Price Just Hit Its Lowest Point in Over Two Years

The price just hit its lowest point in over two years—falling close to its last bear market bottom.

The crypto market has seen a wide range of trends in recent times, with some projects hanging in critical zones and others rapidly gaining momentum.

As Ethereum price nears a make-or-break zone around $1,000 and Notcoin price tests oversold levels within a falling wedge pattern, BlockDAG’s X1 app has hit 1 million users.

If you missed the Pi Network trend or lost interest in platforms with "coins" that have no immediate value and are locked away, then BlockDAG could be the crypto to buy now. Its presale is in full swing as the best crypto to buy now.

But first, let’s look at the latest analysis of two coins that are at a crucial juncture of their trends.

Is Ethereum price heading for a sharp reversal, or will it slip even further?

The price of Ethereum slid to $1,411 on Monday, reaching its lowest point since early 2022. This marks a 65% slide from its December 2024 level.

Both the weekly and daily charts of ETH price indicate that the last wave of a broader correction might be wrapping up. The critical question now is whether ETH could revisit its previous bottom, which is seen at $881.

On the weekly chart, the Relative Strength Index (RSI) is approaching the 30 level, brushing against previous levels of 29 and 26, from which we saw reversals.

However, despite this move, there isn’t yet any bullish divergence on the daily chart. Until that appears, the chances of an Ethereum price reversal from here remain uncertain.

Short-term patterns suggest that ETH could yet drop to $906 if the fifth wave is the same length as the first wave. Some technical analysis principles, such as Elliott Wave, suggest a deeper decline to $647.

Is Notcoin price ready to rebound or head lower?

The price of Notcoin has been trending lower inside a descending wedge since peaking at $0.0294. It’s now trading at $0.0017, nearing its original launch price and a key support zone.

A WXY Count correction pattern seems to be playing out, and the RSI has become deeply oversold, suggesting a bounce could be imminent.

A closer short-term analysis shows a five-wave decline, with the final leg still unfolding from the March 2024 low.

If a bottom forms quickly, then we could see a move up to $0.0020-$0.0023. But for a sustained reversal, a breakout above $0.0030 is needed.

If the $0.0011 support fails to hold, then we could see prices slide to $0.00076. Traders will be watching closely as this coin tests a critical zone.

What’s next for these two coins?

Both Ethereum and Notcoin are in sensitive spots. The Ethereum price reversal is a possibility as it tests historical support levels, but it’s not yet confirmed.

Notcoin’s price is in oversold condition, which suggests a bounce could be on the cards, but again, there isn’t yet a strong signal for a sustained uptrend.

If we consider the ‘what if’ scenario, if these two coins do continue lower from here, then we could see some serious selling pressure.

But if we see one of these coins stage a strong recovery from here, then it could spark interest in the broader crypto market.

If we do see these coins starting to trade higher, then here is where we could see the next leg of the bull market begin.

But if these coins continue lower, then it could spell more trouble for the crypto market.

Its mobile mining app X1 Miner has just reached the 1 million user milestone.

If you missed the hype surrounding Pi Network or grew tired of platforms distributing ‘coins’ that have no immediate value and are locked away, then BlockDAG could be your opportunity.

Its presale is in full swing and this makes it one of the best crypto to buy now.

Real coins, real momentum: BlockDAG’s X1 app hits 1M milestone

Many users were introduced to the concept of mobile mining through Pi Network. However, despite its popularity, the project has faced criticism for its slow progress and lack of clarity regarding the token launch.

But BlockDAG is taking a different approach. Its X1 app has already surpassed 1 million users.

Unlike some platforms that distribute points with potential value in the future, BlockDAG is already distributing actual BDAG coins, which users can claim immediately. This makes it one of the best crypto to buy now.

It’s also noteworthy that BlockDAG’s presale figures highlight the project’