The crypto market is experiencing significant movements this week. Dogecoin (DOGE) continues its upward trajectory, edging closer to the $0.20 resistance level as open interest and RSI indicators strengthen. Meanwhile, Solana (SOL) maintains a stable position near $149, with bulls working towards breaking through crucial support. The spotlight now shifts to BlockDAG (BDAG), whose presale has garnered significant traction due to its lucrative referral program.
BlockDAG’s presale is currently active with an entry price of $0.0019 until May 13. The limited-time offer provides a potential return of up to 2,520%. With over $226 million raised and a growing community, BlockDAG stands out as a promising project in today’s market.
The presale is generating excitement not just for the coin itself but also for its unique referral program. Buyers are attracted by the 25% reward offered to those who refer new buyers.
In other crypto news, analysts highlight potential price action for Solana. They see a cup and handle pattern forming, hinting at an upward breakout if prices surpass $157. This could potentially drive SOL toward $170 or even higher, but a drop below $145 may bring it back towards $136, where bulls are fighting to maintain momentum.
Meanwhile, Dogecoin continues to build momentum, with the falling wedge pattern suggesting bullish tendencies. The price hovers around $0.16, after a 6% rise in the past month. Traders attribute this growth to rising open interest and an improving RSI.
The real test for Dogecoin will be reaching the crucial resistance level of $0.20. A successful breakout could potentially take DOGE to $0.26 if volume and sentiment support it.