Cardano (ADA) and Hedera (HBAR) Show Promising Moves in the Crypto Market
This week, Cardano (ADA) and Hedera (HBAR) have made notable progress on the cryptocurrency charts, securing their positions among the top trending cryptocurrencies. ADA’s recovery towards the $0.76 resistance zone and HBAR’s approach to a key breakout level have kept traders engaged. However, neither of these projects is currently outshining BlockDAG (BDAG), which has become the number one trending crypto for August.
BlockDAG is currently in its final days of the presale at $0.0016, with a 17× price reset expected after the launch. The project has also demonstrated multiple live products, further solidifying its position as a leading contender in the market.
The current situation presents an important decision point for investors, who are weighing technical chart setups against the urgency of BlockDAG’s discounted entry period.
Cardano (ADA) Holds the $0.75 Zone
Cardano's recent movement began after testing a 24-hour low of $0.7296. Buyers quickly stepped in, pushing the price up by 2.37% to $0.7509. This put the bulls in a favorable position to retest immediate resistance at $0.7550. This level has acted as a cap for several sessions, and a break above it, especially with volume confirmation, could trigger a move toward the recent high at $0.7601 and beyond.
Short-term price action has shown higher lows on the 15-minute chart, indicating a gradual shift toward bullish control. However, sellers remain active, with 53.24% of current market pressure coming from the sell side. This could keep ADA trading between $0.7420 and $0.7520 if momentum stalls.
The next few sessions will be crucial in determining whether ADA can break the $0.7550 “brick wall” and convert short-term optimism into a more sustained rally. Traders will be watching for volume surges as the trigger for a confirmed breakout.
Hedera (HBAR) Nears Breakout Confirmation
Hedera has staged a sharp rebound from its 100% Fibonacci extension at $0.23459, with deeper support established between $0.22460 and $0.22052. The price is now testing a descending trendline around $0.254, which aligns with the 23.6% Fibonacci retracement level at $0.25044.
Technical indicators are showing a bullish tilt. Elliott Wave counts suggest a completed wave (4) retracement with a new impulsive wave forming. On the 1-hour chart, a golden cross has emerged, with the 50-period moving average crossing above the 100-period—often a precursor to further upside.
HBAR briefly hit $0.2552 before being rejected, showing that resistance remains firm. Trading volume has held above $417 million, but repeated pushbacks at $0.254–$0.255 reflect market hesitation. A confirmed close above this zone could open the path to $0.28–$0.30, while a failure to hold $0.240 as support would risk a slide back into the $0.225–$0.234 range.
BlockDAG (BDAG) Tops the Trending List
While ADA and HBAR are receiving short-term technical attention, BlockDAG is dominating trending lists for different reasons. Its presale is in the final stretch, with the $0.0016 Global Launch price closing on August 11. After that, the price jumps to the Batch 29 rate of $0.0276, a 1,625% increase, before progressing toward the $0.05 confirmed launch price. With over $367 million raised, momentum is driven by urgency and product delivery.
Dashboard V4 has redefined presale transparency by simulating a live exchange environment. Investors can view real-time BDAG charts, place instant buy/sell orders, monitor order book data, and track referrals. Gamified features like leaderboards and bonus calculators keep participation high.
The presale’s appeal is boosted by the ongoing 10 BTC Auction, where all purchases before August 11 are entered to win a share of Bitcoin. Larger buys mean better odds.
BlockDAG’s ecosystem is already live in action. The X1 and X10 Live Demo showed mining hardware and mobile integration, with the X10 producing up to 200 BDAG per day versus 20 from the X1 app.
Sports partnerships with the Seattle Seawolves and Seattle Orcas bring NFT fan engagement, collectibles, and interactive content to rugby and cricket audiences worldwide.
With 20 confirmed exchange listings, a hybrid blockchain-DAG architecture for high-speed transactions, and over 2.5 million X1 users, BlockDAG already operates like a live ecosystem, even before hitting the market.
To Wrap It Up
Cardano and Hedera are both pressing on near-term resistance levels that could define their next trading cycles. ADA’s challenge lies in breaking $0.7550 with conviction, while HBAR’s breakout depends on clearing the $0.254–$0.255 range and holding it. These moves have secured them spots on the top trending crypto list, but they remain dependent on chart momentum and trader sentiment.
BlockDAG, by contrast, is trending for reasons that extend beyond technical setups. Its $0.0016 Global Launch release price, set to end in days, has injected urgency into the market. Combined with its live mining demo, exchange-ready infrastructure, sports partnerships, and gamified presale features, BDAG’s track is being fueled by both operational delivery and investor appetite.
For traders watching ADA and HBAR, the next move will come from price action. For BlockDAG, the clock is the decisive factor and it’s almost out of time.