BlockDAG's $224M Presale & Buyer Battles Take the Market by Storm While BNB and SHIB Shift Gears

Crypto traders are shifting focus from short-term trades to long-term projects with clear growth plans.

Crypto traders are shifting their attention from short-term trades to long-term projects that have clear plans for growth.

One project that is gaining strong traction is BlockDAG (BDAG). The project is offering 25 million BDAG coins daily through Buyer Battles and has introduced a limited-time price of $0.0019. This setup, together with the project's goal of reaching a $0.05 listing price, presents a unique opportunity for significant returns.

With presale funding exceeding $224 million, BlockDAG is quickly becoming a prominent project in the crypto sphere.

Another development is Shiba Inu (SHIB) finally moving past a technical barrier. After a year-long decline, the cryptocurrency has broken through a key trendline, setting the stage for potential recovery.

Meanwhile, Binance Coin (BNB) faces crucial resistance as it hovers above the $600 level. This zone may determine whether BNB continues upward or dips further.

Here's a closer look at the latest technical analysis of SHIB, BNB, and BlockDAG.

Shiba Inu Finally Breaks Trendline After a Year

Shiba Inu recently broke through a long-term descending trendline on the 4-hour chart. This trendline began in May 2022 and had been a significant technical indicator.

As SHIB broke through the trendline, it encountered a cluster of support levels, providing a cushion for the cryptocurrency. At the time of writing, SHIB is trading at $0.000013, showing signs of stronger buying pressure.

Technical indicators, such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), suggest that if the current momentum continues, SHIB could rise toward the next resistance zone, around $0.00003.

Furthermore, there has been a 1,500% spike in daily SHIB burns, with over 11.8 million coins being burned today. This helps reduce supply over time.

Despite often being labeled a meme coin, Shiba Inu still has a very active community, which could be crucial for any potential price rallies.

Chart breakouts like this sometimes serve as catalysts for price gains, but sustained gains will depend on strong volume and broader market support. For now, the breakout marks technical progress, not yet a full trend reversal.

Binance Coin Remains Above $600 Despite Recent Sell Pressure

Binance Coin is holding above the $600 level despite recent sell pressure. The cryptocurrency is now testing a downward resistance line, which could be crucial for determining the next move.

If the price breaks through this resistance, it might pave the way for a rally toward the next resistance zone, around $650. However, if the cryptocurrency fails to break through and drops below the $580 support level, it could indicate further downward pressure.

This point is crucial as Binance Coin supports the broader Binance ecosystem by reducing trading fees and aiding in liquidity provision. A breakout could signify growing confidence in Binance's platform, potentially leading to increased capital flows and broader crypto market activity.

However, if this cryptocurrency fails to break through the resistance and drops below the support level, it might suggest that the recent sell pressure is gaining momentum.

The next few days will be interesting as Binance Coin approaches key support and resistance markers with rising trading activity.

BlockDAG Surpasses $224M Presale With 25M Buyer Battles and $0.0019 Price Until May 13

While other cryptocurrencies are battling key price levels, BlockDAG is quickly advancing with innovative presale strategies.

The project has doubled the daily allocation for its “Buyer Battles” to 25 million BDAG coins. Every day, the top buyer will also receive any unsold coins from this pool.

This gamified approach, where the highest contribution determines the allocation of remaining presale tokens, encourages users to participate actively.

In addition to this unique engagement strategy, BlockDAG has introduced a limited-time pricing window. Until May 13, BlockDAG tokens are available for purchase at $0.0019, a significant reduction from the standard Batch 28 pricing of $0.0262.

This pricing adjustment, together with the project's projection of a $0.05 listing price on exchanges, presents an opportunity for a return of approximately 2,520%.

The project has already seen impressive traction, having raised over $224 million and sold more than 19.6 billion BDAG tokens.

On the hardware side, BlockDAG has achieved over $6.9 million in miner sales, with 17,232 units sold, showcasing strong interest in both its software and hardware offerings.

Combined, the daily 25 million BDAG rewards, the $0.0019 pricing window, and robust presale performance position BlockDAG as

News data source: kdj.com

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