Dogecoin and Ethena Struggle for Direction; BlockDAG Surges Past $298M!

Dogecoin’s chart is teasing a move, with a familiar Fibonacci setup hinting at a potential breakout. Ethena, despite its attractive yields, can’t shake off sluggish momentum. Then there’s BlockDAG (BDAG), already moving full speed ahead.

With $298 million raised and over 1.5 million users mining through the X1 app, it’s not just showing promise, it’s proving it. The $0.0018 frozen price, ahead of a $0.05 launch target, adds serious appeal.

While DOGE and Ethena wait for confirmation, BlockDAG is stacking milestones. A rumored NBA tie-in and 20 exchange announcements in the pipeline only add to the buzz. If something’s gearing up for a breakout, this might be it.

DOGE Price Setup Points to Possible Breakout

Dogecoin is starting to turn heads again, particularly among analysts who are tracking its familiar market patterns. Trading at $0.1856, DOGE is showing signs that it may be positioning itself for another significant move, much like it has in the past.

Crypto analyst Javon Marks points to a repeating multi-cycle Fibonacci structure that has played out reliably. In previous runs, DOGE didn’t just hit, but blew past, key targets at $0.0074 and $0.039. Now, he’s eyeing the next key Fibonacci extension level at $2.28.

Marks notes that Dogecoin’s current sideways action above $0.06 resembles the calm before its earlier breakouts. If this rhythm holds, DOGE could be setting up for a major rally, one that matches or even outpaces its earlier cycles.

Ethena Outlook Divided: Big Yields, Weak Momentum

Ethena (ENA) caught a boost when it was added to Coinbase’s asset roadmap on June 4, but the price didn’t hold up, slipping from $0.34 to under $0.30. Technically, things look shaky.

Resistance sits around $0.35–$0.36, with nearly 2.8 billion tokens held at a loss by 878 addresses. Add to that bearish MACD and Awesome Oscillator readings below the 20-day EMA, and momentum looks weak for now.

Still, there’s a flip side. Whales are quietly accumulating, and futures open interest is on the rise, both signs that there’s real demand beneath the surface. Ethena’s 37% APY on its USDe stablecoin is also drawing attention, pushing it into the top five stablecoins with a $1.9B market cap.

Looking ahead, ENA’s outlook for 2025 varies. CoinCodex sees $0.22–$0.24, Gate.io leans more bullish at $0.30–$0.39, while BlockDAG sees a much wider upside, projecting $0.80–$1.20.

BlockDAG Presale Hits $298M as Rumours of NBA Deal Grow!

BlockDAG is stepping far outside the usual crypto playbook, and it’s doing so with big moves like a teased NBA partnership that’s turning heads. This isn’t just another blockchain project chasing trends. Tapping into the NBA’s global influence signals a push toward pop culture relevance, where crypto meets mainstream attention across sports, entertainment, and tech.

Meanwhile, BlockDAG’s presale momentum shows no signs of slowing down. With $298 million raised and 22.4 billion BDAG coins already sold, interest is clearly heating up.

While the current price sits at $0.0276 in batch 29, a limited-time offer still lets early buyers lock in at just $0.0018 until June 13, setting the stage for a possible 2,670% gain if the coin hits its $0.05 target.

Beyond the hype, there’s real traction. The X1 Miner app has clocked over 1.5 million downloads, letting users mine from their phones. Over 17,900 ASIC miners have been snapped up, and the testnet is actively processing daily transactions. Add in a clean CertiK audit and 200,000+ unique holders, and BlockDAG is shaping up as a serious long-term contender.

Final Thoughts

Dogecoin’s chart is flashing early breakout signals, but nothing’s locked in just yet. Ethena’s high APY has caught some attention, though its price action still looks a bit shaky. BlockDAG, meanwhile, isn’t waiting around; it’s already in motion. With $298 million raised, over 1.5 million downloads of its X1 Miner app, and a clean CertiK audit under its belt, it’s ticking all the right boxes.

The current $0.0018 deal, against a projected $0.05 launch price, offers serious room to run. Add in the growing chatter about a potential NBA collaboration, and BlockDAG’s momentum is hard to ignore. While DOGE and ENA hover in the “maybe” zone, BlockDAG is building traction fast. Miss this window, and it might be too late.