Ethereum (ETH) Price Rebound Is Picking Up Strength, Dogecoin (DOGE) Price Shows Signs of Revival

With half of Q2 behind us, traders are actively searching for the best crypto platforms to get involved with, and today's updates could help guide that decision.

The cryptocurrency market continues to show signs of recovery, with Ethereum price action rebound looking strong as ETH moves back above the $1,600 mark. At the same time, BlockDAG is making headlines by raising over $218.5 million in presale funding and expanding its presence with events like ETHPanama.

ETH Price Rebound Above $1,600 Could Open Door for More Gains

Ethereum price action rebound continues to show strength as ETH clears the $1,600 level. The hourly MACD is strengthening in the bullish zone, and the RSI is holding above 50, suggesting that Ethereum’s price rebound looks ready for another push higher.

If ETH can break above the immediate resistance at the $1,650 mark, it might move toward the next resistance at $1,680 and $1,720, with $1,800 not far behind if network activity rises. However, if it struggles at $1,650, crucial support levels to watch will be at $1,620 and $1,605. A drop below $1,600 could weaken Ethereum’s price action rebound and pull it back to $1,550.

Dogecoin Price Breaks Downward Trend-What’s Next?

The Dogecoin (DOGE) price experienced a significant move as it broke above a long-term downtrend and touched the $0.16 mark. This jump coincides with the celebration of DOGE Day on April 20, which could bring in more buyers.

Previously, the Dogecoin price had dropped about 52.90% while remaining confined within a descending channel, indicating a strong bearish trend. However, the breakout above the resistance now signals a shift in momentum.

The Money Flow Index (MFI) reading of 71.71 also supports this positive trend, indicating that buyers are still more active than sellers.

If the rally continues and sustains itself, there is potential for DOGE’s price to move further up to the $0.18 mark, and with even stronger market support, it might reach $0.25. Conversely, if DOGE cannot manage to stay above the $0.18 level, we could see a pullback and retest of the 0.10 zone.

BlockDAG Expands Global Footprint with Events and Presale Surpasses $218.5M

One of the crypto projects that traders are actively discussing today is BlockDAG. The project is expanding its presence beyond the digital realm by hosting major events to connect with the crypto community.

Recently, BlockDAG organized a live panel event in Cape Town, which brought together over 200 delegates. The panel led to engaging discussions about the future of blockchain, focusing on Layer 1 developments and how BlockDAG offers a unique advantage in this domain.

Building on this momentum, BlockDAG is preparing for its participation in ETHPanama, a significant crypto gathering in the region. During this event, the team plans to work closely with more than 500 developers through its specialized hackathon series. These hackathons will provide a unique platform for developers to showcase their skills and collaborate on innovative projects.

This combination of in-person events and online activity showcases BlockDAG’s multifaceted approach to forging strong ties within the crypto community.

Its presale has also seen impressive progress, raising over $218.5 million in presale funds and welcoming 170,000 members to the network.

With this global expansion and sustained support for its presale, analysts are showing optimism toward BlockDAG.

Its presale token, BDAG, is priced at just $0.0248 in batch 27, but analysts have a price prediction of seeing it hit $20 by 2027, which would mean 800x gains for early buyers who enter at the current presale price.

Right now, the presale has rolled back BDAG’s price to $0.0025 for a short time, offering a better entry point for new traders.

Overall, BlockDAG is one of the crypto projects to watch closely today as it showcases strong real-world utility and has the growth path to match.

News data source: kdj.com

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