The crypto market sees a mix of drops and exciting launches. Solana (SOL) is losing ground, with pressure building on the $125 support level. A breakdown below this point could lead to sharper losses. Dogecoin (DOGE), on the other hand, is attempting a push higher as it nears strong resistance. A breakout might fuel a run toward $0.25–$0.28.
In the middle of all this, BlockDAG (BDAG) has gone live with its Beta Testnet V1. It now runs at double the speed of its previous Alpha version and includes an upgraded explorer. A $60,000 reward pool is open to early participants. With this news, BlockDAG’s presale has soared to $212 million, as many are joining early to test and benefit.
Solana (SOL) Bearish Momentum Signals Possible Drop Ahead
Selling pressure on Solana (SOL) is intensifying, putting its $125 support level in danger. Earlier recovery attempts have been short-lived, with downward pressure still dominating the chart. If SOL cannot defend this level, it could trigger a chain reaction of selling.
The price pattern also reflects a bearish triangle, which suggests a potential move downward. A fall under $125 could send SOL down to test support near $118. If that breaks, further support zones lie at $99, followed by $79 and even $58. The overall direction remains negative unless bulls step in to protect these areas.
Dogecoin (DOGE) Price Analysis: Resistance at $0.18 Remains Critical
Dogecoin (DOGE) is sitting close to a crucial resistance near $0.18 while trading around $0.17. Many holders bought near this level, so a surge could lead to profit-taking, making it a significant hurdle. A break above $0.18 and $0.21 is essential for bullish momentum.
If DOGE clears these levels, it could run up to $0.25–$0.28, with $0.30 as the next resistance. On the downside, failure to break higher may result in the price revisiting support close to $0.15.
BlockDAG Beta Testnet V1 Debuts with Double Speed and $60,000 in Rewards
BlockDAG’s new Beta Testnet V1 is now live, featuring performance improvements and new tools. Compared to the Alpha version, this version is twice as fast and comes with a refined explorer tool. It also launches a no-code wizard to help users create ERC-20, 721, and 1155 assets with ease.
In addition, users can now try out various new dApps before the official mainnet launch. During the reveal of Keynote 3, CEO Antony Turner highlighted the rollout and introduced a reward program to encourage early involvement.
A $60,000 prize pool is set for top contributors. The top 10 wallets with the highest activity, coin balance, and BDAG earned through mining will each receive $2,000 worth of BDAG. In total, 30 winners will be rewarded.
To put that into perspective, BDAG is currently priced at $0.0248 in Batch 27, and analysts predict the price could reach $1 later this year. That implies a 3932% return for those getting in early. With the presale already reaching $212 million and more than 19.2 billion coins sold, there’s clear interest in this top layer 1 crypto. The Beta Testnet provides a unique way for early users to explore new features and secure meaningful rewards.
Final Thoughts
Solana’s current price movement raises alarms as it threatens to fall below $125. If this support doesn’t hold, deeper losses may follow. Meanwhile, Dogecoin is gearing up to test resistance at $0.18 and $0.21. Success there could send DOGE higher, but rejection may drag it down toward $0.15.
Looking at long-term potential, BlockDAG clearly stands out. Priced at $0.0248 in Batch 27, projections suggest up to 3932% returns in the near future. The ongoing Beta Testnet launch not only lets users explore its features but also offers a shot at earning $2,000 worth of BDAG. Since Batch 27 is the final batch at this price, now might be the last window to join this top layer 1 crypto before its value sees a major leap.
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