What occurs when major cryptocurrencies falter while a newcomer amasses a formidable user base? The price of Solana (SOL) has recently decreased by 23%, falling into a heavily oversold area as the market anticipates further declines. Concurrently, a significant liquidation event in XRP resulted in losses exceeding $65 million, pushing its price below crucial support levels and beneath its 200-day EMA.
Meanwhile, the spotlight is now on what could become the leading cryptocurrency to purchase—BlockDAG (BDAG). The X1 Miner application from BlockDAG has recently surpassed one million users, making it one of the premier platforms for mobile mining.
This platform shifts away from cumbersome mining equipment and complex configurations. Simply using a smartphone enables users to mine genuine BDAG coins. If someone overlooked Bitcoin when it was $1, now is the chance to get in on BDAG at just $0.0248.
Downward Trend Affects Solana (SOL) Price Again
After maintaining a stable price near $120 for several weeks, Solana (SOL) has seen a 23% decline. It has fallen below significant support levels, landing in an oversold territory with an RSI at 22.5%. Although this typically suggests a potential rebound, analysts predict further decreases. The recent downturn has disrupted short-term bullish patterns, and the current price action suggests an ABC corrective pattern nearing completion.
Currently, the price of Solana (SOL) is hovering around $90. A temporary recovery to $105 might occur if a bullish divergence on the RSI materializes, but this would likely be a short-lived correction. If the downward trend persists, SOL could further decline to $80 or even $70.48. A complete reversal would only be plausible if the price rebounds above $120, turning resistance into support. Until then, SOL remains in a bearish phase.
$65M in Losses: Current Insights from the XRP Liquidation
The latest XRP liquidation event resulted in over $65 million in losses as its price plunged 15% in just one day, dropping from $2.15 to $1.77. This steep decline was influenced by escalating global trade tensions, causing numerous long positions to be liquidated. Amidst a total of $1.39 billion in liquidations across the cryptocurrency market, XRP traders experienced substantial losses, highlighting the volatility and rapid shifts in market sentiment.
The bearish trend is not just reflected in the price drop—XRP’s trading volume surged to nearly $10 billion, indicating selling pressure rather than buying interest. The coin also fell below the critical $2 support level and dropped beneath its 200-day EMA for the first time since November 2024. Unless it reclaims this level, further XRP liquidations could drive prices down to $1.52, $1.09, or potentially as low as $0.38 if the selling intensifies.
1 Million Users and Growing: How BlockDAG’s X1 App is Revolutionizing the Field
BlockDAG’s X1 Miner app recently achieved the milestone of one million users, establishing it as a leader in global mobile mining platforms. Its appeal lies in its simplicity: anyone with a smartphone can mine BDAG coins effortlessly, without the need for costly hardware or technical knowledge. Launch the app and begin accumulating coins.
This is cryptocurrency mining simplified, and its popularity is soaring. With the ongoing presale now in Batch 27, the price of BDAG has escalated from $0.001 to $0.0248. More than 19.2 billion coins have been sold, generating over $212 million in revenue. Those who jumped early have seen returns of up to 2,380%. Preparations are underway to list the coin on ten major centralized exchanges by 2025, including a tier-one exchange.
If one is searching for the best cryptocurrency, they should consider BlockDAG—not just for its buzz but for its practical use. The Beta Testnet is operational, offering double the speed of its Alpha version, with over 110,000 users actively testing real dApps, minting tokens, and receiving weekly airdrops.
Additionally, a 150% bonus is still available for eligible participants, but only until the testnet period ends. This might be their last opportunity to join BlockDAG before it becomes a mainstream success. If they missed Bitcoin at $1, they should ensure they don’t miss out on BDAG at $0.0248. With its easy accessibility and rapid growth, BlockDAG is quickly becoming the top cryptocurrency to jump in.
In Conclusion
The recent downturns in XRP and Solana (SOL) have exerted pressure on the market, with significant support levels breaking and bearish trends emerging across the charts. XRP is now trading below its 200-day EMA, while SOL struggles to maintain a price above $90 after a 23% correction. Neither coin shows robust signs of recovery at the moment.
That’s why attention is increasingly turning to BlockDAG. With over a million users now mining from their phones via the X1 Miner app, BlockDAG is spearheading what many believe to be the next major movement in cryptocurrency. Forget about complicated mining setups—simply tap to earn. With BDAG still in presale at $0.0248, this could be the final chance to get in what many are calling the top cryptocurrency. Don’t let this opportunity slip by. Mobile mining is expanding rapidly, and it’s here to stay.
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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