Avalanche and Mantle Show Strong Momentum Amid BlockDAG’s Rise
Avalanche (AVAX) has experienced a significant bullish trend, recording an 18.9% increase over the past week after surpassing the $27 mark, which has now become a vital support level. Traders are now setting their sights on a potential upward movement towards $32. Meanwhile, Mantle (MNT) continues its impressive price rally, achieving a new record high of $1.68 and boasting futures open interest exceeding $211 million, indicating robust market momentum. Although both projects present attractive short-term trading opportunities, they cannot compare to the transformative potential of BlockDAG.
Avalanche’s Price Movement Targets $32 as Bullish Sentiment Grows
Avalanche (AVAX) is gaining traction following a notable 18.9% weekly surge, successfully breaking out from a significant ascending triangle pattern. Currently trading close to $29, buyers are actively defending the crucial $27 level, which has shifted from being a resistance point to one of support. Maintaining this support zone is essential for the ongoing bullish trend; if the price falls below, it could lead to levels around $24.50 or even $21.00. Should Avalanche uphold its current support, the next target is approximately $31.50-$32.00, a historical pivot point in previous price movements. A successful breakout past this range could drive prices upwards toward $38-$41, with a possibility of reaching $49 if market sentiment remains positive. Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) reinforce the buying momentum, suggesting potential for further gains in the near future.
Mantle Hits $1.68: Can It Reach $2 Next?
Mantle (MNT) has set a new all-time high at $1.68 before slightly retreating to $1.61, marking a remarkable 35% increase within a week and over 55% growth in the past month. Futures open interest surged to $211.8 million, more than tripling last month’s figures, indicating traders are enthusiastically increasing their bullish positions. This combination of rising prices and open interest is a strong indicator of market confidence, paving the way for further price appreciation if the momentum persists. Technical analysis supports this bullish outlook, as MNT has broken through a double bottom neckline at $1.39, a significant breakout that now serves as a support level. If buyers can uphold this threshold, the next target is around $2.28, approximately 40% above current trading levels. Maintaining a position above $1.39 is crucial; a decline beneath this point could lead to a swift reversal.
BlockDAG Presale Draws Attention with Major Whale Purchases
The presale of BlockDAG is evolving into a high-stakes scenario, attracting significant investments from savvy investors. Recent purchases of $4.4 million and $3.6 million by prominent whales signify strategic bets rather than speculative moves, as these large players typically invest only when they see clear long-term value. These substantial entries indicate that influential investors are positioning BlockDAG as a future contender in the top-50 cryptocurrencies ahead of its initial exchange listing. The project has raised nearly $410 million, distributed 26.3 billion coins, and welcomed 312,000 holders, all while preparing for the launch of its Awakening Testnet on September 25. With the special price of $0.0013 set to expire in less than 24 hours, whales are locking in their positions while retail investors contemplate their next steps. Each batch sold tightens supply, reducing the entry window for those waiting to invest. For smaller investors, the pressing question is whether to follow the lead of the whales now or risk purchasing at a higher price later. With 3 million X1 mobile miners operational and 20,000 mining units sold across over 130 countries, BlockDAG demonstrates a solid infrastructure that reinforces its potential. The combination of whale endorsements, hardware distribution, and a limited presale price offers a unique opportunity to engage with a network that is proving its value ahead of launch.
Conclusion: Bullish Trends in Avalanche and Mantle, BlockDAG’s Future Shines Bright
Avalanche (AVAX) continues to show bullish momentum, reflecting an 18.9% increase this week after surpassing the $27 resistance, which is now a key support level. Mantle (MNT) also showcases strength with a new high of $1.68 and futures open interest above $211 million, indicating strong market momentum. Both projects offer promising short-term trading prospects but cannot overshadow the substantial potential of BlockDAG. With its compelling fundamentals, BlockDAG is positioned as one of the standout cryptocurrencies for 2025, having raised nearly $410 million, sold 26.3 billion coins, and distributed almost 20,000 miners across 130+ countries before the launch of its Awakening Testnet. Recent whale investments of $4.4 million and $3.6 million confirm that informed investors view BlockDAG as a future top-50 player.
