In the final quarter of 2024, Ethereum shows some stability as its price hovers between $2.6K and $2.7K. Breaking past this level could pave the way for a rally toward $2.8K. Meanwhile, Toncoin faces downward pressure, trading below the Ichimoku Cloud, indicating a challenging market with its Aroon Up Line stuck at 0%, signaling no fresh highs. While some cryptocurrencies are navigating tough terrain, others are gaining traction, setting the stage for potential opportunities.
Amid these changes, BlockDAG (BDAG), a Layer 1 crypto, is drawing significant attention. Its presale has raised more than $100 million, boosted by the recent success of its testnet. With a price jump of 1960% from $0.001 to $0.0206 over 24 batches, it’s not surprising that excitement is building. Additionally, the network has launched a major brand update that has captured the community’s interest.
Ethereum’s Journey to $2.8K: Will a Breakout Happen?
Ethereum’s current price range of $2.6K to $2.7K is testing a key resistance point. If ETH manages to push through this barrier, it could set off a rally toward the $2.8K mark. Conversely, failing to clear this resistance may lead to a temporary pullback, offering fresh buying chances. A recent bounce from the $2.3K support helped ETH move above the middle trendline of a descending channel, hinting at a possible trend reversal.
At present, Ethereum faces a significant resistance zone where the Head and Shoulders (H&S) neckline aligns with the 100-day moving average. A breakout from this area would confirm a bullish trend. On a shorter time frame, the 4-hour chart displays a double-bottom pattern around $2.3K, sparking optimism. Should ETH clear the $2.7K resistance, a path toward $2.8K may unfold. Otherwise, a drop back to $2.3K could present another chance for participants to join in.
Toncoin’s Challenges Amid Bearish Sentiment
Toncoin remains under selling pressure, with its price below the Ichimoku Cloud, signaling a downtrend. The cloud acts as resistance, and breaking above it would require strong buying activity.
Adding to the bearish outlook, Toncoin’s Aroon Up Line remains at 0%, indicating no new highs within the past 14 days, reflecting sluggish upward movement. This lack of momentum implies that buyers are having a tough time shifting the market. Additionally, the Elder-Ray Index reads -0.11, further confirming that selling pressure is still in control.
BlockDAG’s Presale Scales the $100M Peak
BlockDAG is rapidly gaining momentum thanks to strong marketing and innovative technology. This Layer 1 network has already raised over $100 million. The recent testnet launch has significantly impacted the market, drawing attention from major players.
The presale numbers reveal the project’s swift progress. BDAG’s price has surged by 1960% since the first batch, climbing to $0.0206. Now in Batch 24, more than 14.3 billion coins have been sold, reflecting high demand and excitement in the community of 140,000 holders.
With this rapid pace, the presale could conclude in two months, aiming for a $600 million target. Following the presale, BDAG is expected to be listed on major exchanges, setting the stage for a strong market debut.
Experts foresee BDAG reaching up to $30 per coin by 2030. With the current price at just $0.0206, this could be a rare opportunity for early buyers to benefit from future growth.
The project’s main brand update—a revamped website that has been well-received by the community—adds to its appeal.
Why Layer 1 Could Be the Hot Pick in 2024
As Ethereum tests crucial resistance with a potential rally toward $2.8K and Toncoin faces challenges under bearish pressure, BlockDAG emerges with momentum. Its presale has gone past the $100 million mark, signaling increasing interest. The testnet’s launch has resulted in a 1960% surge, with prices rising from $0.001 to $0.0206 over 24 batches.
With 14.3 billion coins sold to date, BlockDAG continues to make strides toward its $600 million goal. The price is expected to climb as each batch progresses, making this an ideal moment to get involved before further gains slip away.
Join BlockDAG Presale Now:
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetwork
Discord: https://discord.gg/Q7BxghMVyu
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