The post $30M Grants Program—BlockDAG Set to Empower Devs! AVAX Faces Bearish Sentiment & SUI Price Drops appeared on BitcoinEthereumNews.com.

The crypto market is a mix of challenges and opportunities right now. The Avalanche (AVAX) bearish sentiment dominates the conversation, with the token dropping 20% and breaking through key support levels. At the same time, the SUI price drop is raising concerns, as $600 million was pulled out in 24 hours. But it’s not all doom and gloom—BlockDAG (BDAG) is carving out a different narrative. As one of the most promising emerging crypto coins, BlockDAG is already on fire with a $201 million presale and a 2380% price surge. Beyond its price growth, the project is actively investing in its ecosystem, launching a $30 million Grants Program to support innovation. The program offers $5,000 to $100,000 grants to fund cutting-edge dApps and blockchain tools, fueling long-term growth and utility. Avalanche (AVAX) Bearish Sentiment Dominates as Price Drops 20% The Avalanche (AVAX) bearish sentiment intensified recently, as the cryptocurrency experienced a sharp 20% price drop, plummeting from $24.50 to $19.50 within hours. Technical indicators, including the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), confirmed the downward trend, with RSI dipping below 30 and MACD producing multiple death crosses. Key support levels at $22.00, $21.50, and $20.00 were breached as selling pressure mounted, while resistance levels at $21.50 and $24.50 held firm. The AVAX bearish sentiment reflects a challenging market phase, with potential recovery hinging on breaking above the $20.50 resistance level. SUI Faces Potential $1 Price Drop Amid Heavy Selling Pressure The SUI price drop has accelerated, with over $600 million withdrawn from protocols in 24 hours, signaling a sharp decline in investor confidence. Total Value Locked (TVL) fell by 30%, with further downside risk if critical support levels at $2.18 and $1.67 fail to hold. Derivatives data further highlights bearish dominance, with Open Interest down 13.17% and…

---

Filed under: News - @ March 10, 2025 12:15 am