Cardano (ADA) continues to face significant bearish pressure, with technical analysis indicating $0.80 as a critical support level that's currently under stress. Retail sentiment has dropped to its lowest point in five months, while whale activity shows mixed signals with both accumulation and heavy selling. Technical indicators reveal resistance between $0.84-$0.90 and potential downside targets at $0.74, $0.70, or even $0.60 if selling pressure intensifies.
XRP maintains a stronger technical position than ADA but has shown slower momentum than expected. While institutional support provides a solid foundation due to its cross-border payment utility, short-term trading volumes have fallen short of expectations, leaving traders cautious about immediate upside potential.
BlockDAG (BDAG) emerges as a focal point with its Awakening Testnet scheduled for September 25. The testnet will feature crucial upgrades including UTXO compression for improved ledger efficiency and Stratum miner integration to connect thousands of devices simultaneously. The project has raised nearly $410 million in its presale with over 26.2 billion BDAG coins sold at a fixed price of $0.0013 until October 1. The platform also reports 3 million users on its X1 miner app and 19,900 hardware miners sold, demonstrating early adoption momentum.