Solana Faces Bearish Pressure as Price Hovers Around $147 Shiba Inu Price Rises 3.66% as Burn Rate Surges 10,800% BlockDAG Raises $336 Million in Presale with 2,660% Growth

Solana (SOL) is currently experiencing bearish pressure, with its price hovering around $147. Analysts have identified a descending broadening wedge pattern that could push SOL down to the $120–$125 zone if selling continues to increase. Short positions currently total $78.42 million, outpacing longs and indicating a bearish sentiment. A nearly 50% fall in trading volume shows hesitancy from traders, with key support at $141 and resistance at $160.

Meanwhile, Shiba Inu (SHIB) is gaining momentum as its burn rate surged by over 10,800% in just a day, with 9.5 million SHIB sent to dead wallets. This significant burn reduced the circulating supply and reflects the community’s efforts to support price growth. Despite the small burn volume relative to SHIB’s vast supply, the coin saw a 3.66% price rise. RSI indicators suggest SHIB is moving away from oversold levels, but low trading volumes still indicate cautious sentiment.

BlockDAG (BDAG) is making headlines by partnering with Seattle Seawolves and Seattle Orcas, two prominent teams in Major League Rugby. These partnerships aim to bring blockchain technology to sports fans through NFTs, digital assets, and exclusive behind-the-scenes experiences, enhancing fan engagement and demonstrating how Web3 can integrate into daily life. Unlike typical branding efforts, these tie-ups focus on authentic access, fan interaction, and real connections, showcasing how blockchain features can reshape traditional fan relationships and create new digital bridges in sports communities.

BlockDAG’s presale continues to attract strong buyer interest, with over 23.8 billion BDAG coins sold and more than $336 million raised, crossing the halfway mark towards its $600 million target. Early buyers have seen a 2,660% growth in their funds since batch 1, with prices rising from $0.001 to $0.0276. Batch 29 remains open at $0.0016 until August 11th, maintaining high buying momentum. Market watchers predict a possible price rise to $1 for BDAG, citing its smart marketing, real-world sports deals, and strong community support. BDAG is seen as one of the bullish crypto coins for 2025, appealing to more than just crypto enthusiasts by connecting to broader audiences.

This limited-time $0.0016 price fuels urgency as August 11th approaches. By combining real-life relevance with digital progress, BlockDAG sets a strong model for upcoming blockchain growth. The pressure remains heavy on the Solana (SOL) price chart, and a break below support could trigger further losses. Traders will keep watch for signs of either a rebound or more declines. Meanwhile, Shiba Inu (SHIB) price momentum is looking better with a huge burn rate jump and positive indicators, though strong buyer support is needed for a lasting climb.