The post BlockDAG Becomes Solana Whales’ New Favorite  – Will Toncoin Holders Join the Rush for 30,000x ROIs? appeared on BitcoinEthereumNews.com.

Cryptocurrency markets often fluctuate between highs and lows, testing the resilience of both investors and coins. Solana has recently struggled with price consolidation, while Toncoin’s sharp drop following Pavel Durov’s arrest signals continued bearish pressure. However, while these two coins wrestle with challenges, BlockDAG is gaining significant momentum. With over $71.6 million raised in its presale and key partnerships with top European soccer clubs, BlockDAG stands out by aligning itself with major sports brands, positioning itself for long-term growth and potential 30,000x ROIs in the long run. Is Solana Headed for a Crash? Solana (SOL) is facing challenges within the cryptocurrency market, with its price struggling to break free from a consolidation range of $127 to $155. Additionally, SOL has seen a 20.26% drop over the past week and a 21.66% decline in the past month, pushing it down the rankings behind Binance Coin (BNB). Moreover, repeated failures to break through the $155 resistance have turned market sentiment cautious. Consequently, technical indicators like the 50-day and 200-day EMAs suggest a bearish outlook and the MACD shows continued downward pressure. However, a bullish reversal remains possible if SOL can overcome resistance at $155, potentially paving the way for a surge toward $200. On the downside, if support at $127 breaks, SOL may face further declines toward $100. Therefore, investors are watching closely to see if Solana can overcome these challenges. Toncoin in Freefall Toncoin experienced a sharp 27% drop to $5.04 following Pavel Durov’s arrest, and although it has stabilized slightly, it remains under pressure. Furthermore, technical indicators suggest a continued bearish outlook. In particular, Toncoin has fallen below its 50-day and 200-day moving averages, indicating sustained loss of momentum. As a result, a potential “death cross” looms, signaling further declines. Additionally, Bollinger Bands places Toncoin near its lower band, suggesting oversold…

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Filed under: News - @ September 12, 2024 2:23 am