Solana News Today: BlockDAG's Rise Puzzles as ADA and HYPE Stumble in a Downturn

ADA’s Bearish Outlook Deepens, Hyperliquid Price Weakens; Analysts Predict BlockDAG Is on Track to Hit $1 Post-Launch!

Cardano (ADA) faces mounting bearish pressure as recent price movements indicate a deepening downtrend, with analysts closely monitoring whether key support levels can hold. ADA has fallen nearly 6% in the last trading session, currently trading at around $0.87. The immediate technical support is at $0.84, and a break below that level could expose the token to further declines into the $0.80 range or lower. Despite its large and active staking community, Cardano has struggled to maintain momentum compared to other high-profile projects in the market, including the fast-growing BlockDAG. Analysts note that while ADA retains its position as one of the top altcoins by market cap, its lack of recent catalysts and volatile market conditions have contributed to the bearish sentiment.

In contrast, BlockDAG has raised over $380 million in its presale phase, selling more than 25 billion tokens across 29 batches. The project’s structured approach to scarcity and increasing token prices have attracted a growing base of investors. Early buyers have already seen more than 2,600% in paper gains, and the presale is currently projected to reach a listing price of $0.05. Analysts are optimistic about BlockDAG’s prospects, with some predicting the token could reach $1 by 2027 and even $5 by 2030. These forecasts are based on the project’s hybrid DAG + Proof-of-Work design, which supports up to 15,000 transactions per second, and its EVM compatibility, which allows for rapid developer onboarding and dApp deployment. Additionally, BlockDAG has introduced a mobile-first mining system, with over 2.5 million users already participating in its smartphone-based mining activities.

Hyperliquid (HYPE), another high-profile token, is showing signs of consolidation after a 60-day rally that pushed its price to a peak of $49.86. Currently trading at $45.54, HYPE has slipped 0.68% in the last 24 hours but still holds a 7.9% weekly gain. The token is now valued at $15.2 billion with a 24-hour trading volume of $375.75 million. Price action indicates a critical battle between buyers and sellers, with the 38.2% Fibonacci retracement level at $44.21 acting as a key support zone. A break below $42.57 could trigger further downward pressure, potentially dragging the price to $35.42 if leveraged liquidations intensify. Market observers also highlight mixed whale activity, with large addresses showing both aggressive spot accumulation and leveraged short positions, complicating the near-term outlook for HYPE.

Amidst the broader market volatility, BlockDAG continues to gain traction through strategic partnerships and exchange listings. The project has secured listings on major exchanges including MEXC, LBank, and BitMart, with ongoing talks with Coinbase and Gemini. These developments, along with its hybrid consensus model and real-world adoption, position BlockDAG as a strong contender for the top crypto to buy in 2025. Analysts emphasize the project’s structured scarcity model, which rewards early buyers and maintains investor interest, as a key differentiator from other projects like Solana and Shiba Inu, which rely more on speculation and community-driven momentum.

The broader market remains cautious amid macroeconomic uncertainty, including the Federal Reserve's potential rate cut in September. This uncertainty has led to mixed sentiment and increased profit-taking among traders. For investors, the performance of ADA, HYPE, and BDAG highlights the importance of evaluating both short-term volatility and long-term fundamentals when making investment decisions. While Cardano and Hyperliquid continue to face bearish challenges, BlockDAG’s structured growth and increasing adoption suggest a strong trajectory for the coming years, particularly if it maintains its momentum through its upcoming listing.

Source: [1] BlockDAG Presale Beats Solana, Cardano & Shiba (https://blockchainreporter.net/blockdag-presale-beats-solana-cardano-shiba-top-crypto-to-buy-in-2025/) [2] Hyperliquid Price, HYPE Price, Live Charts, and Marketcap (https://www.coinbase.com/en-gb/price/hyperliquid) [3] Hyperliquid Price Stalls at $46 Amid Whale Moves, Here's ... (https://coinpedia.org/price-analysis/hyperliquid-price-stalls-at-46-amid-whale-moves-heres-whats-next/)