NEAR Protocol has recently turnedbearish,with its trading volume dropping by30%,causing concern among investors about a potentialpullback.Meanwhile,Chainlink(LINK)has surged after surpassing the$12.96resistance,sparking optimism for potential pricetargets.
Points
- NEARProtocolexperiencesabearishreversal,30%dropintradingvolume.
- Chainlink(LINK)showssignsofrecovery,surpassing$12.96resistance.
- BlockDAG’sX1Minerapppromisessubstantialreturnswithdailymining.
NEARProtocolTradingVolume:BearishSignalsDominate
NEAR Protocol(NEAR)has recently experienced a bearishreversal,breaking below the50-daymoving average and shifting to a bearish trend after a previously bullishweek.The trading volume has decreased by over30%in the pasttwenty-fourhours,reflecting strong sellingpressure.The RSI has dropped towards the oversoldterritory,highlighting the dominance of bearishsignals.
The200-daymoving average above the current price acts asresistance,limitinggains.MACD shifts show increased sellingpressure,suggesting a bearish trend with declining trading volume and openinterest,indicating traders are exitingpositions.
Chainlink(LINK)Price:SurpassingCriticalSupport
Chainlink(LINK)has shown signs of recovery after thedecline,surpassing the critical support level of$12.96.Investor optimism rises as LINK trades at$14.28,up2.6%in24hours,suggesting a possible sustaineduptrend.Analysts note that staying below$14.85is key to confirming a triangle pattern for continuedconsolidation.
Breaking resistance at$15.35and$15.83could spur further gains forLINK.Despite whale transactions raisingconcerns,analysts remainoptimistic,foreseeing a sustained bullish trend if LINK exits its consolidationpattern.
20BDAGCoinsDaily:BlockDAGAppTurnsPhoneintoaGoldMine
BlockDAG is set to transform thecrypto-miningsector with the launch of itsX1Minerapp,which allows users to mine BDAG coins directly from their mobiledevices.This upcoming app will be easily downloadable with its compact50MBsize,promising a seamless userexperience.It incorporates an advancedProof-of-Work(PoW)algorithm designed forefficiency,minimizing battery drain and dataconsumption.This approach ensures accessibility for a wide range ofusers.Users can increase their mining output and earn up to20BDAG coins daily by tapping the lightning button within the app once every24hours.
The launch of theX1Miner app is expected to democratize the miningindustry,as it eliminates the need for specialized hardware or extensive energyconsumption.With BlockDAG projecting thecoin’svalue to reach$10by2025,investors could see significant daily returns of$200from theirmining.This potential for substantial earnings has generated considerable excitement among cryptoenthusiasts,creating a palpable sense of FOMO as the launch dateapproaches.Theapp’suser-friendlydesign and accessibility are set to attract a wide range ofusers,contributing to the mass adoption of cryptocurrencymining.
WrappingUp
The upcomingBlockDAG’sX1Miner app is set to revolutionize the mobile miningsector,accessible to anyone with asmartphone.With the potential to mine up to20BDAG coins daily and projections indicating a coin value of$10by2025,the app offers significant earning potential of up to$200daily,making it a top crypto miningapp.As NEAR Protocol experiences a bearish trend and Chainlink(LINK)shows signs ofrecovery,BlockDAG stands out as a promising investmentopportunity.BlockDAG’ssuccessfulpresale,raising$55.6million across19presalebatches,further underscores its credibility and communitysupport.