Dogecoin Targets $2.28, Ethena Struggles Below $0.30, BlockDAG Soars Past $298M as NBA Deal Buzz Grows!

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 engaging 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 await confirmation, BlockDAG is accumulating milestones. A rumored NBA tie-in and 20 exchange listings in the pipeline only amplify the buzz. If something’s poised for a breakout, this might be it.

DOGE Price Setup Points to Possible Breakout

Dogecoin is capturing attention again, particularly among analysts tracking its recognizable market patterns. Trading around $0.1856, DOGE exhibits signals suggesting a potential setup for another substantial move, reminiscent of past performances.

Crypto analyst Javon Marks highlights a recurring multi-cycle Fibonacci structure that has historically proven reliable. In prior surges, DOGE not only reached but surpassed key targets at $0.0074 and $0.039. Now, he's focused on the subsequent Fibonacci extension level at $2.28.

Marks observes that Dogecoin’s current consolidation above $0.06 mirrors the calm preceding its earlier breakouts. If this pattern persists, DOGE could be preparing for a significant rally, potentially matching or exceeding its previous cycles.

Ethena Outlook Divided: Attractive Yields, Subdued Momentum

Ethena (ENA) experienced a boost upon its inclusion in Coinbase’s asset roadmap on June 4, but the price surge proved unsustainable, declining from $0.34 to below $0.30. Technically, the outlook appears uncertain.

Resistance lies around $0.35–$0.36, with approximately 2.8 billion tokens held at a loss by 878 addresses. Coupled with bearish MACD and Awesome Oscillator readings below the 20-day EMA, momentum seems weak in the short term.

However, there's another perspective. Whales are quietly accumulating, and futures open interest is increasing, both indicators of underlying demand. Ethena’s 37% APY on its USDe stablecoin is also attracting attention, positioning it among the top five stablecoins with a $1.9B market capitalization.

Looking forward, ENA’s projections for 2025 vary. CoinCodex forecasts $0.22–$0.24, Gate.io offers a more optimistic outlook at $0.30–$0.39, while BlockDAG envisions a significantly greater upside, projecting $0.80–$1.20.

BlockDAG Presale Reaches $298M Amidst NBA Deal Speculation!

BlockDAG is deviating from conventional crypto strategies, exemplified by a teased NBA partnership that is generating considerable interest. This is more than just another blockchain project chasing fleeting trends. Capitalizing on the NBA's global influence signifies a strategic move toward mainstream cultural relevance, intersecting crypto with sports, entertainment, and technology.

Concurrently, BlockDAG’s presale momentum remains strong. With $298 million raised and 22.4 billion BDAG coins already sold, investor interest is clearly intensifying.

While the current price is $0.0276 in batch 29, an offer allowed early buyers to secure coins at $0.0018.

Beyond the hype, tangible progress is evident. The X1 Miner app has garnered over 1.5 million downloads, enabling users to mine via their smartphones. More than 17,900 ASIC miners have been acquired, and the testnet is actively processing daily transactions. Furthermore, a successful CertiK audit and over 200,000 unique holders suggest BlockDAG is establishing itself as a serious long-term contender.

Final Thoughts

Dogecoin’s chart displays preliminary breakout indicators, but confirmation remains pending. Ethena’s high APY has drawn attention, although its price behavior remains somewhat volatile. BlockDAG, on the other hand, is already progressing. With $298 million raised, over 1.5 million downloads of its X1 Miner app, and a clean CertiK audit, it is meeting key milestones.

The $0.0018 entry point, against a projected $0.05 launch price, presents substantial potential upside. Combined with increasing speculation regarding a potential NBA collaboration, BlockDAG’s momentum is difficult to overlook. While DOGE and ENA remain in a state of uncertainty, BlockDAG is rapidly gaining traction.