Divergent Trajectories: ADA Faces Downward Forces While BlockDAG Gains Testnet Traction and PUMP Sees Renewed Speculation

Cardano (ADA) is experiencing heightened selling activity, as on-chain data points to increasing bearish sentiment. The digital asset has slipped beneath its upward trendline and is now trading at $0.81 in late September, marking a 6.1% drop from its $0.84 support. Santiment’s Age Consumed metric reveals a surge in movement from previously inactive wallets—a pattern that has often preceded price drops. Meanwhile, CryptoQuant’s Taker CVD (Cumulative Volume Delta) has stayed negative since mid-August, indicating persistent selling pressure Cardano Price Forecast ADA Declines as Dormant Wallet Activity Stirs Selling Pressure [ 1 ]. Technical signals reinforce the bearish outlook: the RSI sits at 40, and a bearish MACD crossover suggests further downside. Experts anticipate ADA may soon challenge the $0.76 support, which would represent a 50% retracement from the June low of $0.51 to the August peak of $1.02 Cardano (ADA) Price: Dormant Wallet Activity Creates Fresh Selling Pressure [ 2 ].

Although technicals remain negative, some market observers see a chance for recovery if buyers can maintain the $0.84 level. Crypto analyst Mr. Banana previously identified $0.95 as a significant resistance, but ADA’s recent movement suggests the focus is now on holding above $0.81 to prevent further losses Cardano Price Can Break $1 as Analysts See Whale Selling Pressure [ 3 ]. Large holders have also contributed to volatility, offloading 530 million

within just 48 hours, which has increased short-term supply pressure Cardano (ADA) Price Prediction For September 23 [ 4 ]. Still, those holding long positions remain steadfast, with TapTools data showing notable profits for traders with ADA contracts, hinting at ongoing bullish sentiment despite the sell-off Cardano (ADA) Price Alert: Dormant Wallet Activity Sparks Fresh… [ 5 ].

On the other hand,

.fun (PUMP) has bounced back after a steep decline, now stabilizing near $0.007. The token’s daily trading volume reached $1 billion in September, highlighting renewed speculative enthusiasm fueled by hype and aggressive buyback strategies. While PUMP’s record high of $0.0088 remains a psychological barrier, its $2.5 billion market cap and strong liquidity point to robust short-term demand $1B Pump.fun Frenzy Raises the Question: Which Presale Has the… [ 6 ]. Analysts warn that PUMP’s price swings are closely tied to ongoing buybacks and overall market mood, with important support levels between $0.0069 and $0.0076 PUMP Stalls at $0.007, MYX Cools at $12, and… [ 7 ].

BlockDAG’s Awakening Testnet has ignited strong buying interest. Scheduled for launch on September 25, the testnet aims to rigorously evaluate the network’s UTXO system and demonstrate practical capabilities ahead of the mainnet rollout. This strategy sets BlockDAG apart from projects that rely solely on hype, as it emphasizes real-world validation before going public DOGE Price Analysis Hits $0.25 Wall, ETH Faces Fees, BlockDAG’s… [ 8 ]. Significant whale investments in the $3M–$4M range have added to the project’s momentum, positioning it as a leading candidate for 2025 BlockDAG’s Testnet Launch Followed By 50% Bonus Code… [ 10 ].

Current market trends reveal contrasting paths for ADA and BlockDAG. While Cardano faces near-term headwinds from technical weakness and large-scale selling, BlockDAG’s progress on its testnet suggests a more methodical growth strategy. Pump.fun’s comeback highlights the cyclical nature of memecoin markets, where liquidity and buybacks can temporarily counteract bearish forces. For

, the main challenge is to protect crucial support levels and manage volatility from large holders, whereas BlockDAG’s emphasis on operational proof could secure its place in the market over the long run Cardano (ADA) Price Prediction For September 23 [ 11 ].