5 Kripto Ini Layak Lirik Lagi? BlockDAG, AVAX, ETH, DOGE, dan ADA

This Lima crypto may still be attractive to investors amid fluctuations in the market, BlockDAG, Avalanche (AVAX), Ethereum, Dogecoin, and Cardano (ADA) are some of them.

BlockDAG, a Crypto Project Worth Considering for Investors?

BlockDAG continues to grow with the announcement of its latest project, Moon-Keynote 2. The keynote outlined key updates and introduced a new mining application, X1.

BlockDAG is in its presale phase and is preparing to launch its 19th batch. In addition, the project raised around $3.2 million for mining activities, indicating steady growth and investor interest.

Over 7,600 BlockDAG mining rigs have been sold, the latest of which is the X100 model. With a has rate of 2 TH/s and power consumption of 1800W, the X100 can generate up to 2,000 BDAG per day.

AVAX Token: A Recent Downward Trend

Avalanche (AVAX) has faced a significant decrease in value recently. This has sparked concerns among investors about its prospects as a top altcoin for the year ahead.

Technical analysis shows increased volatility in AVAX with the Bollinger Bands indicator suggesting significant changes in daily and weekly prices.

Trading volume has surged, reflecting high market activity and possible shifts in circulating supply. This volatility and price drop have caused apprehension among investors.

Despite Avalanche's strong ecosystem, the price decline raises questions about AVAX's recovery potential and future growth. Some analysts remain optimistic, viewing the volatility as an opportunity to buy at a lower price before a potential recovery.

Ethereum Market Update

Ethereum (ETH) recently jumped 21%. This requires investors to monitor key retracement levels for future price movements, such as $3,401. The current ETH price is around $3,500.

After breaking out of the falling wedge, Ethereum faces a resistance block from previous bearish orders. This resistance may hinder further growth. Breaking through the resistance will require significant trading volume and positive sentiment.

Analysts suggest watching key retracement levels for Ethereum's next move. If it falls below a certain support level, it could indicate a further decline. Conversely, Ethereum could reach a previous resistance level if market conditions are favorable.

DOGE Resilient Amidst Market Fluctuations

Over the past 24 hours, Dogecoin has dropped by 0.87%, fluctuating around $0.1425. Despite this, DOGE remains stable, showing resilience in volatile market conditions.

DOGE is testing a significant resistance level at $0.1700. Breaking this barrier could boost it to higher psychological levels, attracting more interest and investment.

Maintaining support at $0.1359 is crucial to prevent further declines. If DOGE stays above this level, it signals market stability and strength to investors. If the support is lost, a steeper decline could occur.

Cardano (ADA): Signs of a Potential 17% Drop

Cardano (ADA) faces challenges with a prolonged price decline since its peak in 2024. The formation of a bearish ascending triangle pattern suggests the possibility of a further 17% drop.

Technical indicators like the Relative Strength Index (RSI) remain below the midpoint, indicating that selling pressure persists. This bearish ascending triangle pattern is concerning for investors. If ADA breaks below the triangle's support, we could see a 17% decrease.

ADA may pause at certain support levels before reaching the predicted lows. Monitoring these support levels is important because they can offer some resistance to the price decline. If these support levels fail, such as the current $0.4180, the Cardano price could drop further.

The price of ADA has long been below the MA200 level, around $0.5060, since April 22, 2024, and has continued to decline to below $0.5030 on May 22, 2024.

Being below MA200 indicates a longer time for this asset to enter the bullish zone.