Crypto markets showed mixed signals this week. Chainlink (LINK) has faced selling pressure, with large holders reportedly unloading more than 3.2 million tokens as price momentum slipped below key moving averages. Some technical analysts are watching whether LINK can move back above $19.50 or fall below $15.50, which could affect near-term trading levels. Ondo Finance (ONDO), meanwhile, saw a roughly 7% move higher on the day, indicating renewed activity after a period of weaker price action.
Separately, BlockDAG (BDAG) says its “Awakening Testnet” is live and EVM-compatible, with smart contracts running on the network. The project also reports that it has raised more than $425 million through a token sale and that a current sale batch is priced at $0.0015, though these figures have not been independently verified.
Whales Sell LINK: Will It Hold $15?
Large investors have sold more than 3.2 million Chainlink (LINK) tokens in recent days, potentially as part of profit-taking or broader portfolio adjustments. The token is trading below its 20-week and 50-week moving averages, suggesting weaker short-term momentum. Some traders are watching whether a move above $19.50 could support a rebound toward the $21–$23 area, while a drop under $15.50 could open the door to further declines.
LINK remains widely used in decentralized oracle networks that enable smart contracts to access external data. Even so, like other cryptoassets, its price can be volatile and influenced by broader market conditions. Readers following LINK may monitor key technical levels and project updates as part of their own risk assessment.
ONDO Moves 7%: What Analysts Are Watching
ONDO’s price moved up by more than 7% on the day, reaching around $0.80 after opening near $0.71. Despite the bounce, the token remains below key moving averages such as the 20-, 50-, and 200-day lines, which some analysts interpret as a sign that sellers still have influence. Technical indicators cited by traders include an RSI near 34 and a negative CCI, both commonly associated with oversold conditions.
If ONDO pushes above $0.90, some traders may view that as a sign of improving short-term strength, while a move back below $0.80 could bring attention to the $0.67 area as a potential support zone. Beyond near-term price action, ONDO’s relevance is often discussed in relation to its connections with DeFi and tokenized-asset narratives, though outcomes remain uncertain.
BlockDAG Testnet Update and Project-Reported Token-Sale Figures
BlockDAG describes its Awakening Testnet as live, with EVM compatibility and smart contracts running on the network. The project says developers can deploy and test applications in this environment ahead of a potential mainnet release, although independent verification of network activity and adoption levels may vary by source.
In addition to the testnet update, BlockDAG’s public materials describe a token sale with a current batch price of $0.0015 and total fundraising above $425 million. The project has also published figures such as coins sold, holder counts, mining-device shipments, and user totals; readers should treat these as project-reported metrics unless corroborated by independent data.
As with any early-stage crypto project, a live test environment does not guarantee future performance, liquidity, listings, or product-market fit. Readers should consider the technical details, governance, token distribution, and disclosed risks when evaluating project updates.
Summary: LINK, ONDO, and BlockDAG Updates
Chainlink’s (LINK) near-term outlook is being closely watched around widely cited technical levels following reported whale selling, while Ondo Finance (ONDO) is attempting to build on a short-term rebound toward the $0.90 area. Both remain sensitive to broader market conditions.
BlockDAG’s update centers on its reported testnet launch and project-reported token-sale metrics. As with other projects at a similar stage, independent confirmation of adoption and network usage can be limited, and token-sale participation carries elevated risk.
Project website (for reference): https://blockdag.network
Community link (for reference): https://discord.gg/Q7BxghMVyu
This article is for informational purposes only and does not constitute financial or investment advice. This outlet is not affiliated with the project mentioned. As with any initiative within the crypto ecosystem, readers are encouraged to do their own research and consider the risks before participating in any token sale or related activity.
