The post BDAG Surpasses Cardano Price with Advanced Blockchain Tech Coin Edition appeared on BitcoinEthereumNews.com.

The Cardano price has initiated a recovery from the $0.4620 mark, yet still trailing behind leaders like Bitcoin and Ethereum. Meanwhile, a new PEPE all time high has prompted a significant profit-taking phase. Amidst these fluctuations, BlockDAG distinguishes itself as a top layer 1 crypto. Its innovative approach, highlighted during a recent keynote, and visible promotions at Piccadilly Circus, have propelled its presale to an impressive $33.5 million. This strategic positioning not only underscores its technological edge but also teases its potential for a 30,000x ROI, stirring considerable interest in the crypto community. Cardano Price Faces Key Resistance Levels Cardano price has seen a recovery wave from the $0.4620 zone but remains behind Bitcoin and Ethereum. The price moved into a short-term bullish zone, breaking the $0.4750 and $0.480 levels. It even spiked above $0.50 but faced resistance at $0.510, leading to a downside correction. The Cardano price is now trading above $0.480, supported by a key bullish trend line. Immediate resistance is near $0.4980, with further resistance at $0.510 and $0.5250. If the Cardano price breaks above $0.5250, it could rally toward $0.5450 or even $0.5650. However, if it fails to climb above $0.4980, it may decline, testing support levels at $0.480 and potentially $0.4620. The Cardano price remains at a critical juncture, facing both opportunities for growth and risks of further declines. PEPE All Time High Triggers Profit Realization After hitting a new PEPE all time high of $0.00001430, signs suggest that PEPE may face significant sell-offs soon. According to the Network Realized Profit/Loss indicator, investors have begun to capitalize on gains, a typical precursor to increased selling activity. This trend is reinforced by the Market Value to Realized Value (MVRV) Ratio, which at a 38% profit margin, indicates a likely shift towards profit-taking. Historical data shows that…

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Filed under: News - @ May 27, 2024 12:24 am