Chart patterns often shape market sentiment as much as actual price moves. Binance Coin (BNB) is forming a classic cup and handle, suggesting the potential for a breakout toward $1,100.
It signals growing momentum among buyers as key resistance levels come into focus.
Solana (SOL) is under pressure, weighed down by over $13 million in long liquidations. This recent wave of liquidations has stalled its upward progress, reflecting a more cautious tone among traders.
Amid these technical moves, BlockDAG (BDAG) is taking a different path by prioritizing real utility. Its live testnet now supports NFT minting, offering developers and creators a practical tool well before its mainnet debut.
BNB Builds Momentum: Pattern Signals $1,100 Breakout
Binance Coin (BNB) is showing strong technical signals with the emergence of a cup and handle formation, often seen before major upward moves. This structure, made up of a rounded cup and a brief consolidation handle, is considered a reliable bullish indicator. Analysts suggest that a confirmed breakout above $740 and the psychological $1,000 barrier could launch BNB toward a $1,100 price target.
The depth of the cup, around 75%, supports this forecast. Additionally, BNB is trading above the 50-day and 200-day simple moving averages, strengthening its bullish case. Traders should stay alert around these resistance zones for signs of a breakout confirmation.
Solana Faces Pressure as Long Liquidations Top $13M
Solana (SOL) is encountering a wave of bearish pressure after long positions worth over $13 million were liquidated in a single day. This led to a sharp 5.05% decline in price, settling near $171.84 after failing to surpass the $180 level. The imbalance between longs and shorts has widened, and trading volume has dropped over 27% to $3.98 billion, reflecting fading confidence.
Despite $3.53 million in staking activity from whales, the broader sentiment remains cautious. The RSI has cooled to 61.87, showing reduced momentum. Unless SOL reclaims the $193 resistance and inflows improve, the bearish trend may persist.
BlockDAG Empowers NFT Creators with Live Testnet Minting
BlockDAG has officially enabled NFT minting on its live testnet, unlocking new possibilities for creators to build and experiment in a functional, real-time environment. This update provides a major advantage for artists, game developers, and digital brands aiming to prepare their collections and smart contracts before the mainnet goes live. The ability to test directly on-chain ensures smoother deployment and stronger performance once projects reach full release.
What sets this apart is how easy it is to use. BlockDAG supports Ethereum-based tools, meaning users can mint NFTs through MetaMask and write contracts using Solidity without any steep learning curve. The framework is designed to be low-latency and cost-effective, making it particularly appealing to creators moving away from expensive, congested platforms.
BlockDAG’s forward momentum adds weight to this development. With over $272 million raised and 21.3 billion coins already sold, the presale continues in batch 28. While the listed batch price is $0.0262, a time-sensitive offer allows access at just $0.0020 until June 13, creating a major opportunity for early adopters to lock in substantial upside.
As NFT demand regains strength across the Web3 space, BlockDAG offers a creator-ready environment with real scalability. This positions it as one of the best crypto 2025 picks for those building the next wave of digital experiences.
The Future of Crypto
Market trends and liquidation spikes often steal the spotlight, but they are typically short-lived and reactive. While Binance (BNB) eyes a possible breakout and Solana (SOL) faces continued pressure, BlockDAG is focused on delivering tangible value with long-term utility.
By activating NFT minting on its testnet, BlockDAG is providing real tools for creators and developers to build and test in real time. This kind of groundwork signals more than hype. It points to substance. For those paying attention to lasting use cases rather than short-term noise, BlockDAG offers a foundation that stands out.
Join BlockDAG Now:
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/blockdag-unlocks-nft-tools-as-bnb-eyes-surge-and-solana-faces-13m-selloff-bdags-record-presale-surges-past-272m/