Cryptocurrency Ethereum targets $3,800, Chainlink erects energy, and BlockDAG presale surpasses $276 million in funds
Strong market attention is being directed towards Ethereum and Chainlink as bullish setups align with market timing. The latest analysis indicates a bullish breakout setup for Ethereum as buying pressure increases, while Chainlink is experiencing growing momentum, backed by a sharp wedge formation that could lead to significant price movement.
Meanwhile, BlockDAG, a Layer-1 blockchain project, is attracting serious interest as it has raised more than $276 million, sold over 21.4 billion BDAG coins, and progressed into batch 28 of its presale. In terms of early-stage ROI and current pricing, BlockDAG appears to offer a compelling opportunity.
Record-breaking Presale for BlockDAG
As BlockDAG's presale enters its final stages, buyer activity is reaching new highs. With the June 13 deadline approaching, demand has skyrocketed, surpassing $276 million in funds raised. A total of over 21.4 billion BDAG coins have been sold, marking a critical milestone for the buzzing project.
Currently, BDAG coins are priced at $0.0262 each, but a surprise move by BlockDAG has reintroduced a discounted rate of $0.0018 for late-stage participants. Early buyers have already experienced a 2,520% increase from the initial price, underscoring the project's potential.
The fast pace of purchases and swift disappearance of allocations make it a race for buyers to secure their positions, with many treating it as such.
Technological Advancements Set BlockDAG Apart
BlockDAG's appeal extends beyond the numbers, as it is a Layer-1 blockchain supported by Layer-2 rollups. With a growing ecosystem, plans for DeFi, cross-chain features, and more, BlockDAG is pushing forward while Ethereum and Chainlink are stabilizing.
Chainlink LINK Momentum Gains Speed
Traders are closely watching Chainlink LINK momentum as a wedge pattern has surfaced, causing a stir. The token is heading towards the $16.50 resistance, and a breakthrough could initiate a run-up to the $25-$26 range, potentially recording a jump of 40-60%.
This descending wedge setup typically signifies a breakout could be imminent. With rising volume and increased trading activity, momentum is building for Chainlink. However, support levels must be monitored, particularly if prices drop below $14.98, which could push them closer to $10.05.
Ethereum ETH Breakout Potential Highlights
Analysts tracking Ethereum's recent movements have identified a descending wedge pattern, indicating a potential reversal lies ahead. The price is presently at $2,557.65, oscillating between $2,526.56 and $2,586.22. A push above $3,250 could pave the way for a path to $3,800.
The Relative Strength Index (RSI) on the 4-hour chart also presents a bullish divergence, suggesting a return of buying interest. However, ETH must sustain above key levels to confirm the breakout, or else momentum could stall.
Overall, Ethereum is inching towards key breakout levels, but its success relies heavily on timely chart setups. In contrast, BlockDAG's strength comes from tangible traction, making it a more appealing investment opportunity for some.
The interest in technology continued to expand as BlockDAG, a Layer-1 blockchain project, showcased unique technological advancements that set it apart from other projects, such as Ethereum and Chainlink.
Meanwhile, the surge in demand for BDAG coins during BlockDAG's presale, which has already raised over $276 million, was a testament to the technology's growing appeal, offering early-stage investors up to a 2,520% return on investment.
