Solana (SOL) is facing pressure around $147, with signs pointing to a possible drop.
Meanwhile, Shiba Inu (SHIB) saw a sudden 10,800% spike in its burn rate, briefly lifting its price. But while these two struggle for direction, BlockDAG (BDAG) is taking the spotlight.
With partnerships alongside the Seattle Seawolves and Seattle Orcas, BlockDAG is bringing blockchain into real-world sports experiences. At the same time, its presale is breaking records, raising $336 million and selling 23.8 billion coins. Until August 11, a limited-time $0.0016 price is live as part of the GLOBAL LAUNCH release, making BlockDAG one of the most bullish crypto picks for 2025.
Solana Price Hovers at $147 Amid Pressure
Solana (SOL) is holding close to the $147 mark, with traders watching closely as bulls and bears face off. The current trend shows a descending broadening wedge, which could lead to a bigger drop. Analysts say that if the selling pressure continues, prices could fall to the $120 to $125 range. Short positions in SOL have risen sharply, reaching $78.42 million, much higher than long positions. This shift shows that many are betting on a price fall.
Meanwhile, trading volume has dropped by nearly 50%, which signals hesitation in the market. A key support level is sitting at $141. If SOL falls below this point, it might speed up the downward move. On the other hand, the next resistance is at $160. If SOL can break above that, it might help the price recover. Still, right now, the pressure is heavy on the downside, and traders are cautious.
Shiba Inu Burn Rate Spikes 10,800% Overnight
Shiba Inu (SHIB) is starting to gain attention again after a massive spike in its burn rate. In just 24 hours, the burn rate shot up by over 10,800%, with more than 9.5 million SHIB coins sent to inactive wallets. While this may seem small compared to the total supply, it still helps reduce overall circulation. This sudden burn was enough to help the SHIB price rise by 3.66%. Many in the community saw this move as a step toward supporting the coin’s future price.
The burn also helped boost buyers’ confidence, even if it wasn’t a huge amount. Looking at the charts, the RSI (Relative Strength Index) has now moved above oversold levels, which could point to a potential upward move. Still, trading volume remains low. That means people are waiting to see if SHIB can keep this momentum going. If the community continues to support these burns, SHIB could keep gaining in the days ahead.
BlockDAG Joins Seattle’s Sports Teams: Presale Hits $336M!
BlockDAG is proving that blockchain doesn’t have to stay behind screens. The project has now partnered with two major rugby teams in Seattle, the Seawolves and the Orcas. This brings blockchain to the stadium, letting fans enjoy digital collectibles, behind-the-scenes access, and interactive NFTs.
These partnerships are about making blockchain part of everyday fun, especially for sports lovers. This step into sports highlights how Web3 can be used for more than just charts and screens. BlockDAG’s focus is on connection, creativity, and building trust. The sports deals are designed to let fans feel closer to the action while showing what blockchain can really do.
Off the field, BlockDAG’s presale numbers are just as impressive. So far, it has raised $336 million and sold 23.8 billion coins. The coin started at $0.001 in Batch 1 and has now climbed to $0.0276 in Batch 29, a massive 2,660% increase. The final launch price will be $0.05. But here’s the best part: as part of the GLOBAL LAUNCH release, a special price of $0.0016 is available for a limited time until August 11.
That’s one of the lowest prices offered. Based on the launch price, this limited offer gives a 3,025% return opportunity at launch. Experts are optimistic about BlockDAG’s future. The sports partnerships and strong presale demand show it has a real-world impact. It’s not just another crypto project; it’s becoming a bridge between tech and real life. And with August 11 coming soon, many are jumping at this final low price before it ends.
Final Verdict
Solana (SOL) stays under pressure as it trades near key levels, with $141 as support and $160 as resistance. The market remains cautious, with low volume and rising short positions. Shiba Inu (SHIB) shows early signs of recovery after its burn rate surged by over 10,800%, helping the price rise 3.66%, though volume remains low.
BlockDAG leads with real-world blockchain use, raising $336 million and selling 23.8 billion coins. Its limited-time $0.0016 price is available until August 11 as part of the GLOBAL LAUNCH release, marking it as one of the most bullish crypto coins for 2025.
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/blockdag-presale-hitting-336m-and-new-sport-deals-gain-spotlight-while-shib-burns-tokens-sol-slips/