The post BlockDAG’s $20M Surge in 48 Hrs Powers It Towards $600M, as Ethereum Faces Resistance and Cardano Shows Potential appeared on BitcoinEthereumNews.com.

Ethereum (ETH) is currently facing tough resistance at $3,200, leading traders to wonder if it can sustain its upward trajectory or if it might retreat further. Meanwhile, Cardano (ADA) presents a potential buying opportunity as analysts predict a price correction that could set the stage for future gains. While Ethereum and Cardano experience typical market fluctuations, BlockDAG (BDAG) is making strides in the cryptocurrency landscape with its wave of innovation and strong community support. Having secured $20 million in the last 48 hours, the presale has raise nearly $150 million in funding and witnessed a 2,240% price surge since its inception, the project is fast approaching its $600 million goal. Ethereum Faces Resistance Amid Upward Trends Despite Ethereum’s price hovering above the $3,000 support, it encountered resistance at $3,200, which has capped its recent gains. Currently priced at $3,130, Ethereum continues to stay above the 21-day moving average, signaling a positive long-term outlook.  However, short-term analyses advise caution as the price occasionally dips below key moving averages, suggesting potential declines to the $2,800 or even $2,680 levels if support at $3,000 breaks. Cardano Update: ADA’s Dip Presents Buy-In Chances Recent movements in Cardano’s market show a slight decrease to $0.75 from a two-year high of $0.81, marking a 5% drop and potentially foreshadowing a buying opportunity. Analysts anticipate this pullback could lead to a bullish trend aiming for a target of $1.20.  The current on-chain data shows most holders are in profit, which supports the positive outlook, though losing critical support could reverse the trend. Additionally, increased trading volume during this dip suggests active interest from traders looking to capitalize on lower prices. This trend, paired with positive sentiment across social media platforms, could further fuel ADA’s ascent in the coming weeks. BlockDAG’s $150M Fundraising: Eyes Set on $600M Cap…

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Filed under: News - @ November 24, 2024 10:11 pm