Cardano (ADA) Price Analysis Hints at Struggles, Avalanche (AVAX) Price Trend Draws Interest from Whales

Market movements continue to shift as Cardano's (ADA) price analysis hints at struggles, Avalanche's (AVAX) price trend draws interest from whales

The crypto market continues to shift as Cardano’s (ADA) price analysis suggests struggles, while Avalanche’s (AVAX) price trend shows recovery that’s drawing attention from whales, and BlockDAG (BDAG) makes headlines with a huge presale offer and a 400% bonus on crypto purchases.

Cardano (ADA) Price Analysis: Key Support Level Under Watch

As further downside risks are signaled by Cardano’s (ADA) price analysis, traders remain alert to a crucial support level. Over the past few days, ADA’s price has declined by about 10%, indicating that sellers are currently dominating the market. It has struggled to rise above the 20-day EMA, and the coin is now resting close to the 38.20% Fibonacci level.

According to technical analysis from FX Empire, if the price fails to hold above $0.60, it might slide further to $0.53 or even $0.50. Market data from Bitsonomy also suggests declining open interest and funding rates, indicating uncertainty in ADA’s direction. Despite this, some traders remain hopeful due to the SEC’s acknowledgement of a Cardano ETF proposal, which could renew optimism about the coin’s potential.

On the other hand, the Avalanche (AVAX) price trend is recovering slightly near the $20 level, according to Avacoins' analysis. However, despite attempts to regain some lost ground, AVAX is still encountering selling pressure, and its major moving averages are struggling to form a bullish crossover.

On-chain data from Chainbeats suggests that large transactions have increased sharply, jumping from 210 to 490 in a short time. This indicates a surge in activity from whales, who are closely watching the price movements and accumulating coins. If AVAX manages to stay above the $20 level and break past the $32.80 resistance, it might gain more momentum. Additionally, a bullish divergence on the daily RSI could further support price strength. However, if AVAX fails to hold its ground and continues to fall, Avacoins predicts that it could decline further toward the Fib 0.5 at $17.28.

BlockDAG’s 400% Bonus Drives Interest As Presale Surpasses $204M!

Shifting focus to another crypto project, BlockDAG (BDAG) has introduced a special 400% bonus on BDAG purchases, known as BDAG800. The offering is generating interest among traders as it provides an increased return on investments in batches 25 and 26, compared to the standard 300% and 350% bonuses that were previously available. Currently, BDAG is priced at $0.0248 in batch 27, and its presale has already secured over $204 million, with 18.8 billion BDAG coins sold.

This initiative follows the completion of batch 26, which saw a 350% bonus on MINERS_VALUE coins. Those who participated early in batch 25 benefited from a 300% bonus on MINERS_VALUE coins, and the project's founders have already exited, selling their remaining coins to personally contribute to the presale.

Earlier backers have reportedly enjoyed a 2,380% ROI, motivating others to join quickly before the coin debuts on 10 upcoming centralized exchanges, expanding its market presence significantly. A 400% bonus implies that a $1,000 purchase converts to $5,000 in BDAG at the current rate, providing an opportunity to accumulate more coins.

This opportunity seems ideal for those looking to maximize their holdings of BDAG ahead of expected price increases, especially as the presale surpasses the $204 million mark. The significant capital raised indicates strong confidence in the project’s long-term potential.

In the fast-paced world of crypto, timing is everything, and this offer—which might not last forever—has sparked enthusiasm among those seeking a promising new venture. As BlockDAG prepares for the next stage of growth with major exchange listings on the horizon, many traders are moving swiftly to secure their positions and capitalize on the potential of this project.