Crypto markets remain unpredictable this week, with some altcoins gaining momentum while others struggle with key price ceilings.
Ongoing volatility continues to shape short-term sentiment, with new developments pushing coins higher or reversing direction within hours.
The ADA price trend demonstrates how sudden short liquidations and technical indicators can spark price rallies, helping Cardano bounce back with a 17% gain from its early July lows. Meanwhile, HYPE price action is showing signs of strength as it nears previous highs, helped by Bybit’s support and Grayscale’s latest inclusion of the asset.
At the same time, BlockDAG (BDAG) is making headlines through its presale and unique Buyer Battles format. With $339 million raised and 23.9 billion coins sold, BlockDAG is becoming a strong contender ahead of its GLOBAL LAUNCH release, fueled by active community participation.
Short Liquidations Drive Cardano’s 17% Rally in Current ADA Price Trend
The ADA price trend this week presents a mix of bullish and cautious signals. Cardano is trading at $0.626, up 17% from its lows earlier this month. A wave of short liquidations worth $2.98 million triggered a sharp 10% rise in the last seven days, with some indicators pointing toward an additional 8% increase, potentially reaching $0.68.
Technical charts show the RSI holding above 50, along with higher lows, suggesting continued bullish pressure on the daily timeframe. Still, the broader weekly ADA price trend remains bearish, with lower highs holding since December.
Analysts are closely watching the $0.684 Fibonacci resistance. However, despite the technical momentum, on-chain indicators tell a different story. Declines in development activity and active addresses raise doubts about demand strength, even with a projected $0.78 price for August.
HYPE Price Action Pushes Toward $50 But Faces Key Resistance
HYPE price action remains bullish, with the asset trading at $40.90, only 12% shy of its record high of $45.80. A recent Bybit spot listing and Grayscale’s addition of HYPE to its Q3 asset holdings have drawn institutional interest and wider recognition.
Trading activity has jumped significantly, with volume up 40.2% to $421.8 million. A $2.64 million buyback by the Assistance Fund has also supported the positive trend, adding confidence to the current push.
The charts reveal an ascending triangle, often viewed as a bullish continuation pattern. If buyers manage to overcome the $42 ceiling, the next target is the $50 mark. However, if the resistance holds, HYPE could face a correction toward the $28 to $30 range, making this level a crucial zone to monitor.
BlockDAG’s 50M Daily Buyer Battles Boost Engagement & Distribution
BlockDAG’s rapid success in the presale market is being driven by a highly engaging Buyer Battles feature. Every day, 50 million BDAG coins are unlocked for purchase. What sets this apart is that any unclaimed coins go to the top buyer of the day. This system encourages buyers to maximize their daily purchases to claim extra rewards without additional spending, creating healthy competition and daily engagement.
The entry price is fixed at $0.0016 until August 11, as part of the GLOBAL LAUNCH release. This setup provides a projected 3,025% ROI against the confirmed launch price of $0.05. For anyone looking for the next crypto to explode, this opportunity is drawing serious attention.
BlockDAG’s presale progress is undeniable, with $339 million raised and over 23.9 billion coins sold through 29 batches. These daily Buyer Battles are bringing in both large buyers and smaller participants, promoting better distribution and reducing concentration in a few wallets.
Instead of spending on aggressive ads, the BlockDAG team is relying on word-of-mouth, daily rewards, and community-driven campaigns. This strategy is helping the project maintain momentum ahead of what could be a major GLOBAL LAUNCH release.
Closing Insights
The ADA price trend and HYPE price action both highlight how specific developments can shape an altcoin’s momentum. For Cardano, the recent short liquidations and technical strength suggest a potential move higher, assuming it can push through resistance. HYPE continues to gain ground, supported by new exchange listings and institutional interest, with the $50 target in sight.
However, BlockDAG stands out with its strong fundamentals and growing user engagement. The $339 million raised, 23.9 billion coins sold, and consistent Buyer Battles all contribute to its positioning as the next crypto to explode. With its low entry price still active and momentum building, the GLOBAL LAUNCH release could become one of the most watched events in the coming weeks.
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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Editorial Team
Reporter at Coindoo
Source: https://coindoo.com/as-ada-climbs-hype-nears-ath-blockdags-buyer-battles-339m-raise-draw-all-eyes/