Tag: Avalanche (AVAX) market sentiment

AVAX Drops 14% & ALGO Faces Rejection at Resistance, While BlockDAG Raises $312M & Begins Hardware Rollout in July What lies ahead for Algorand (ALGO) and Avalanche (AVAX) after a week marked by price pressure and mixed performance indicators? The current Algorand (ALGO) technical analysis shows notable whale accumulation without price momentum, while Avalanche (AVAX) market sentiment remains cautious despite strong online interest and high search volumes. With both facing uncertain short-term trends, BlockDAG is making progress with a structured rollout strategy. Following its 2 million-user milestone through mobile mining, BlockDAG is now entering its next phase, focused on hardware expansion. From mobile convenience to physical performance, BlockDAG is preparing for its July miner shipments, with a U.S. branding partnership also set to launch. With $312 million already raised, 16 presale batches remaining, and increasing bullish crypto interest, the project is gaining attention, and quickly. BlockDAG’s Hardware Rollout Signals Strategic Growth BlockDAG began with a mobile-first approach, allowing users to mine with ease through the X1 app. With over 2 million users, that early traction proved strong demand for accessible mining solutions. Now, the focus is shifting to hardware, with the X30 and X100 miners scheduled to ship on July 7, and the X10 following on August 15. These units offer improved efficiency, greater mining power, and better control for long-term users. This transition marks more than just scaling. It supports a broader infrastructure capable of handling higher volumes of dApps, smart contracts, and real-time transactions. BlockDAG’s upcoming shipments are foundational to its long-term mining ecosystem, built around PoW plus DAG architecture. The visibility push continues with a major U.S.-based brand partnership announcement planned for June 20. This comes ahead of listings on 20 exchanges, including five Tier-1 platforms. Meanwhile, a smart contract-based vesting tool will be live soon, giving buyers access to 40% of presale assets in advance. With key developments already underway, the project is gaining support from bullish crypto communities not just for its vision but for its execution. BlockDAG has now passed $312 million in presale funding and is in Batch 29 of 45. The current price stands at $0.0276, though a final reduced rate of $0.0018 remains open for 2 more days. With only 16 batches left and the hardware expansion near, BlockDAG presents a promising setup for those tracking active bullish crypto opportunities. Algorand (ALGO) Technical Analysis Shows Accumulation Without Breakout Recent Algorand (ALGO) technical analysis reflects a network with increasing on-chain activity but limited price movement. Daily transaction volume surged 66%, and whale wallets have grown their holdings by over 5%. Despite this, ALGO’s price remains capped within a descending channel and trades near $0.176. Repeated rejection around $0.21 to $0.22 continues, with momentum indicators like RSI (approximately 44) and MACD showing weakness. ALGO’s short-term indicators remain negative, with the price sitting below its 9-period DEMA of $0.1867. Multiple moving averages across timeframes are generating sell signals. Key support lies at $0.18 and $0.1773, and a drop below these levels could pull ALGO toward $0.16. While retail interest and social engagement are active, a shift in market direction depends on bulls reclaiming $0.22 and a rise in volume. Overall, Algorand (ALGO) technical analysis suggests the fundamentals are sound, but the price needs a breakout to gain traction. Until that happens, it remains a wait-and-see scenario for traders seeking confirmed entry signals. Avalanche (AVAX) Market Sentiment Remains Mixed After Drop Following a 14% decline on June 13, Avalanche is now trading near $18.53, with Avalanche (AVAX) market sentiment reflecting indecision. The overall crypto Fear & Greed Index is at 63, showing broader market confidence, but AVAX-specific data tells a different story. Whale activity is neutral, and trading appears dominated by short-term strategies. Retail participation is steady, though not aggressive. Positively, 76% of AVAX social mentions are favorable, and search interest stands at 86%. Technically, AVAX has yet to break through key resistance at $21. It currently trades in a narrow range between $18.99 and $20.06, with indicators still leaning bearish. Despite this, platforms like CoinCodex suggest a longer-term uptrend is possible. A move above $19.97 to $21 would be needed to shift short-term momentum. As of now, Avalanche (AVAX) market sentiment is shaped by opposing signals, bearish charts against growing user interest. A catalyst, such as a new subnet deployment or protocol update, could change this outlook, but until then, AVAX remains in consolidation. Closing Thoughts The latest Algorand (ALGO) technical analysis shows network strength but no clear breakout. Avalanche (AVAX) market sentiment also remains undecided after its recent decline. Both projects have solid foundations but are awaiting catalysts for upward movement. BlockDAG, by contrast, is executing in real time. After gaining traction with its mobile app, the project is moving into hardware with X30 and X100 units set to ship on July 7 and X10s on August 15. A high-profile brand partnership announcement is expected on June 20. With $312 million raised, 16 presale stages left, and the $0.0018 rate still available for 2 days, BlockDAG continues to look like a compelling bullish crypto candidate. For those focused on execution and long-term positioning, BlockDAG stands out. The progress is visible, the rollout is live, and the next phase is about to begin. Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu Disclaimer: This article is promotional and was not written or reviewed by the coinwy.com editorial team.

Tag: Avalanche (AVAX) market sentiment

AVAX Drops 14% & ALGO Faces Resistance as BDAG Gains Momentum With U.S. Deal

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