Bitcoin News Today: SUI Surges Past $4.20 as Volume Rises 146% and Cup-and-Handle Breakout Forms

SUI has surged past $4.20, driven by a 146% increase in trading volume and a clear cup-and-handle breakout pattern, with traders closely watching for a potential move toward $5 or even $7.50. The total value locked (TVL) in the Sui ecosystem has risen above $2.28 billion, and open interest has surpassed $2.6 billion, reflecting heightened activity in DeFi. A $450 million treasury investment by Mill City Ventures has added to the bullish sentiment, though broader market conditions could influence the trajectory[1].

Bittensor (TAO) is currently holding steady around $420, having retreated from a recent high of $452. The coin remains within support levels of $400 to $415, and a breakout above $423 could lead to a retest of the $432 level. Technical indicators, such as a bullish engulfing candle and increased volume, suggest upward potential, but TAO remains below key moving averages. Short-term traders are monitoring the possibility of a move toward the $450–$500 range, though a drop near $290 is a risk if support weakens[2].

Meanwhile, BlockDAG (BDAG) has drawn attention with its presale offering, which includes a 10 BTC prize pool worth over $1.18 million. The project allows participants to purchase BDAG at $0.0016, with no lock-up periods and full token unlocks at launch. Over 24.6 billion BDAG tokens have been sold, raising more than $359 million. Each purchase grants access to the 10 BTC jackpot, with larger investments increasing a buyer's share in the prize. The presale will close on August 11, after which no further opportunities will be available[3].

BlockDAG’s unique approach—offering both token ownership and a chance to win Bitcoin—has positioned it as a compelling alternative to traditional crypto investments. Unlike SUI and TAO, which depend on market conditions and trading sentiment, BDAG provides immediate liquidity and a clear use case through its no-vesting pass and high-reward structure. Analysts have noted that the project's limited-time offer and potential for a 3,025% price increase, if it reaches its listing target of $0.05, could attract a wide range of investors[4].

As the presale enters its final phase, the focus remains on how SUI and TAO will perform amid rising competition. While SUI’s price movement and TVL growth indicate strong short-term potential, and TAO’s stability near $420 suggests a cautious market, BDAG’s combination of reward and liquidity offers a distinct advantage for risk-tolerant investors. With a set launch date and growing interest, the coming weeks could determine whether BDAG emerges as a key player in the evolving crypto landscape.

References:

[1] SUI Price Movement Builds Pressure for $5 Test

[2] TAO Stays Near $420 as Traders Watch for Breakout

[3] Why BlockDAG’s Presale May Be the Best Crypto Investment

[4] Final Thoughts

Source: [1][2][3][4] SUI Hits $4, TAO Holds $420, While BlockDAG’s 10 BTC Pool Grabs Massive Attention (https://coinmarketcap.com/community/articles/688e39717604621ca1075fc6/)