Three crypto projects are drawing attention for different reasons. Monero (XMR) is testing key technical levels following recent volatility, while Ethena (ENA) continues to experience token price pressure despite strong protocol metrics. At the same time, BlockDAG (BDAG) is preparing for its planned March exchange listing following a completed presale and the activation of its live network.
Here is how the current landscape compares.
Monero Near a Critical Technical Level
Monero has experienced notable price swings in recent sessions. After reaching $364 last week, XMR retraced and is now trading closer to the $340 region, with the $302 support level being closely monitored.
If that support were to weaken, the next meaningful level appears near $231. Derivatives data suggests increased short positioning, while recent liquidations indicate pressure on leveraged long traders.
Technical indicators such as RSI are approaching oversold territory, while moving averages and MACD remain in downward alignment. For a stronger recovery case to emerge, XMR would likely need to reclaim the $372–$381 resistance band with sustained volume. Long-term privacy fundamentals remain intact, though near-term technical pressure persists.
Ethena: Protocol Growth vs Token Volatility
Ethena presents a contrasting scenario. Its USDe synthetic dollar currently holds approximately $6.5 billion in total value locked, reflecting continued participation within DeFi markets.
However, the ENA token has declined significantly from prior highs, trading near $0.11 compared to levels above $1.50 in April 2024. The divergence between protocol growth and token performance has highlighted the importance of tokenomics structure and supply dynamics.
A scheduled unlock of 333 million ENA tokens on March 2 may introduce additional short-term supply pressure. Governance decisions regarding potential fee-sharing mechanisms could influence longer-term valuation considerations. For now, ENA remains sensitive to both token distribution events and broader market conditions.
BlockDAG: Transitioning Into Public Trading Phase
BlockDAG represents a project at a different stage of development. Its Mainnet is operational, the Token Generation Event has concluded, and exchange trading is scheduled to begin in early March.
The presale phase reportedly raised approximately $452 million prior to open-market trading. The Genesis phase pricing remains at $0.000125. While project communications have referenced potential launch benchmarks, final valuation will ultimately be determined by market liquidity and supply-demand conditions once trading begins.
BlockDAG has introduced a structured early trading window prior to broader public participation. Initial listing periods can experience elevated volatility as price discovery unfolds.
Market Perspective
Monero and Ethena illustrate how price performance can diverge from underlying fundamentals. XMR maintains strong privacy use cases but faces technical headwinds. Ethena demonstrates meaningful protocol adoption, yet token performance reflects distribution and governance considerations.
BlockDAG is transitioning from development into public trading. As with all early-stage crypto assets, volatility and liquidity risk remain elevated during initial listing phases.
Investors evaluating these projects should consider technical confirmation, token supply structure, liquidity depth, and individual risk tolerance before making allocation decisions.
Learn More
Private Sale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
This article contains information about a cryptocurrency presale. Crypto Economy is not associated with the project. As with any initiative within the crypto ecosystem, we encourage users to do their own research before participating, carefully considering both the potential and the risks involved. This content is for informational purposes only and does not constitute investment advice.
