Aptos Trapped Below $5.69 as BlockDAG Presale Hits $358M and Ethena Signals Bullish Reversal

Aptos (APT) is currently trading near $4.70, encountering short-term price resistance as it struggles to break above the $5.69 level. Despite this, the network continues to show robust DeFi activity, with over $800 million locked in decentralized applications, indicating sustained user engagement and strong underlying fundamentals. The key support level at $4.60 remains critical, as holding this threshold could trigger a potential price rebound. Analyst forecasts suggest that if APT maintains this support, it could eventually rebound to $15.54 by 2025 [1].

In contrast, Ethena (ENA) is showing signs of a bullish reversal. Its 3-day price chart reveals a classic rounded bottom formation, a technical pattern that often precedes upward momentum. The $0.60 level, which previously acted as resistance, has now become strong support. Analyst BATMAN has noted this as a potential reentry zone for investors, with expectations of a short-term dip followed by a breakout toward $0.90–$1.10, provided trading volume increases to confirm the trend [1].

Meanwhile, BlockDAG’s presale has surged past $358 million, largely driven by the unique BEAT VESTING pass. This feature allows presale participants to unlock 100% of their BDAG tokens immediately upon launch, a rare and appealing advantage in the crypto space. Purchased at a fixed price of $0.0016 during the presale, the token has a confirmed listing price of $0.05, offering a potential 3,025% upside. The project’s upcoming GLOBAL LAUNCH on August 11 will see BDAG listed on 20 major exchanges, including MEXC and BitMart, which is expected to further boost liquidity and investor interest. Analysts project that the token could rise to as high as $1 shortly after launch, with long-term targets reaching $20 by 2027 [1].

The broader crypto market is thus showing a mix of caution and optimism. APT faces immediate pressure but retains strong network fundamentals. ENA appears to be on the verge of a bullish breakout, and BlockDAG’s presale momentum and unique tokenomics are generating significant investor interest. These developments highlight the evolving dynamics in the market, with key technical levels and upcoming events playing a crucial role in shaping investor sentiment.

Source: [1] Aptos Faces Near-Term Pressure While ETH Signals Potential Rebound and BlockDAG Presale Surpasses $358M (https://en.coinotag.com/aptos-faces-near-term-pressure-while-eth-signals-potential-rebound-and-blockdag-presale-surpasses-358m/)