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Cryptocurrency News Articles

When Real On-Chain Progress Meets Price Momentum, the Story Changes Fast

Apr 24, 2025 at 04:00 am

When real on-chain progress meets price momentum, the story changes fast. Stellar (XLM) is grabbing attention with an ascending triangle

When Real On-Chain Progress Meets Price Momentum, the Story Changes Fast

Stellar (XLM) price is forming an ascending triangle on the 4-hour chart, which, if broken, could lead to a drop towards $0.29. Stellar is also getting attention for its efforts in real-world asset (RWA) tokenization, aiming to move $3 billion in assets on-chain.

On the other hand, Ethereum (ETH) price is testing the upper boundary of the ascending triangle on the weekly chart, as pointed out by Titan of Crypto.

As Stellar (XLM) continues to heat up with chart action and a potential breakout in sight, the crypto market is buzzing with activity. Stellar is forming an interesting ascending triangle pattern on the 4-hour timeframe, which could open the door for a move towards $0.29.

If the price manages to break through the $0.29 resistance level, it could trigger a steeper decline and reach the next resistance zone at $0.34. This breakout scenario might unfold if Stellar experiences a strong surge in buying pressure.

However, if the sellers regain control and the price drops below the lower boundary of the triangle, it could signal a continuation of the bearish trend. In this case, Stellar might test the crucial support zone of $0.25, which could determine the fate of the bullish market.

Moreover, Stellar is making headlines with its initiative to tokenize real-world assets (RWAs), backed by partnerships with Franklin Templeton and Ondo Finance. The goal is to integrate $3 billion in assets onto the Stellar blockchain.

This move is attracting attention from major players like DEFI STATION, who highlight Stellar's potential for large-scale adoption due to its low transaction fees and capacity for handling a high volume of transactions.

While the short-term momentum might be slowing down, the combination of technical and fundamental factors suggests that Stellar is setting the stage for a substantial breakout.

All eyes are on the $0.29 mark, as it could be the turning point for Stellar’s journey through the market.

On the other hand, Ethereum (ETH) is displaying bullish technicals as it approaches the upper boundary of the ascending triangle on the weekly chart. According to analysis by Titan of Crypto, the cryptocurrency is currently testing the triangle’s upper boundary.

If the bulls manage to push the price above this level, it could set the stage for a rally towards the $3,600 region. However, if the sellers regain control and the price drops below the lower boundary of the triangle, it could signal a continuation of the bearish trend.

At the moment, ETH has moved above its $1,550–$1,600 support zone and is pressing against $1,670 resistance. A strong close above this level could ignite a run to $2,000.

But there’s a new factor to consider: over 368,000 ETH have flowed into exchanges this month, which might put more pressure on the coin’s price.

Despite this mixed backdrop, the chart formation favors further strength, especially if we factor in the recent news about ETC's integration into Base.

Therefore, Ethereum’s next moves around key support and resistance levels could define the tone for the broader altcoin market in the coming weeks as the crypto community watches with anticipation.

The BlockDAG beta testers can now deploy EVM smart contracts, use MetaMask integration for seamless interaction, and actively participate in token burning to reduce the circulating supply and potentially increase demand.

Moreover, the testers have access to staking functions, allowing them to contribute to the network's security and earn rewards for their participation.

In addition to these core functions, BlockDAG beta testers can mint NFTs directly on the chain, enabling them to create and trade unique digital collectibles within the ecosystem.

Unlike many projects that promise updates later, BlockDAG is actively developing its ecosystem. The testers can now follow transactions and check the status of deployed smart contracts using the live Blockchain Explorer.

The recently concluded AMA session further highlighted the progress made by the BlockDAG team. During the session, community members had the opportunity to ask questions about the testing process and provide feedback on their experiences.

The testers are already putting the chain's capabilities to the test by creating ERC-20 tokens, minting NFTs, and engaging in staking activities, showcasing the chain's potential for real-world use cases.

Furthermore, the team is working on a Smart Contract Wizard, which will simplify the process of deploying smart contracts, even for non-coders, making it easier for developers and non-developers alike to contribute to the BlockDAG ecosystem.

As the project moves forward, it is positioning itself among the top crypto projects that are focused on delivering active on-chain tools and a faster pace of adoption.

While other projects might be promising upgrades in the future, BlockDAG is already providing testers with the ability to create and use smart contracts, actively participate in burning and staking, and mint

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