Bitcoin News Today: ADA Hovers Near $0.50 Support Amid Mixed Market Sentiment TRX Gains 3% as Buyers Target $0.34–$0.35 Resistance BlockDAG Rakes In $367M in 10 BTC Auction With 3,025% ROI Potential

Cardano (ADA) remains in a critical holding pattern around the $0.50 level, with support forming between $0.48 and $0.50. A sustained move above $0.52 could trigger renewed bullish interest, but mixed trading volume suggests the market is still undecided. If the price were to fall below $0.47, a retest of the $0.44 support from July could follow. Longer-term optimism is fueled by ongoing on-chain upgrades, including the development of Hydra scaling solutions and sidechain testing, which may bolster market confidence in the coming weeks [1].

TRON (TRX) is showing stronger momentum, currently trading around $0.332 following a 3% increase. Volume has been solid, with buyers pushing toward the $0.34–$0.35 resistance zone. Clearing this level could open the door to $0.45, supported by robust on-chain metrics such as 323 million active accounts and $27 billion in total value locked. However, the RSI reading of 75 indicates overbought conditions, and a failure to break above $0.35 could lead to a consolidation or even a pullback toward $0.30 [1].

While ADA and TRX remain key altcoin players, the most intense activity is centered on BlockDAG’s 10 BTC auction. The project’s presale is currently in the $0.0016 price tier, with a projected 3,025% return potential based on the $0.05 launch price. As of the latest update, $367 million has been raised, with 24.9 billion BDAG tokens sold. The auction’s live BTC payout is scheduled to end on August 11, with rewards distributed proportionally based on BDAG holdings. Whale activity is accelerating, with participants securing large positions early to maximize their share [1].

The auction’s competitive edge lies in its real-time BTC distribution model, distinct from typical airdrops or giveaways. The more BDAG a participant holds, the larger their BTC reward, but as the auction progresses, remaining shares shrink. This has led to aggressive buying behavior, particularly from large investors aiming to secure significant cuts before the deadline. Additionally, BlockDAG has launched Dashboard V4, a live trading simulator that provides real-time price data, wallet updates, and an interactive order book, allowing users to prepare for the official exchange listing [1].

Compared to the slower, more technical developments in ADA and TRX, BlockDAG’s event-driven model has generated immediate interest and liquidity. While ADA and TRX traders are watching key resistance and support levels, BDAG buyers are actively participating in a live, high-reward environment that is reshaping short-term altcoin sentiment. The urgency of the BTC auction and the presale discount make BlockDAG a unique play in the current market [1].

Source: [1] ADA Struggles for Support, TRX Builds Toward $0.45 Target, Whales Rush to Join BlockDAG for 10 BTC Payout

(https://thecoinrise.com/ada-struggles-for-support-trx-builds-toward-0-45-target-whales-rush-to-join-blockdag-for-10-btc-payout/)