BlockDAG (BDAG) Buyer Battles are Heating Up

May continues to bring sharp price moves and new opportunities across crypto. Mantra analysis shows the coin trying to escape its tight range, while Ethereum made a strong 7% move linked to the Pectra upgrade. Both charts offer possible gains but also show reasons to stay cautious.

May has brought sharp price moves and new opportunities across crypto. While Mantra is trying to escape a tough limit at $0.42, Ethereum made a strong 7% move today linked to the Pectra upgrade. Both charts offer possible gains but also show reasons to stay cautious. At the same time, BlockDAG's Buyer Battles are heating up, bringing daily leaderboard action and a chance to win unclaimed BDAG coins.

Get the latest OM analysis and ETH update. Read about BlockDAG's Buyer Battles, bringing daily leaderboard action.

May continues to bring interesting opportunities across the market, with some coins facing crucial resistance while others experience strong gains. In this analysis, we'll be examining Mantra's struggle to break through the $0.42 level, while Ethereum faces the next decisive barrier at $2,200 following the Pectra upgrade.

At the same time, BlockDAG's unique Buyer Battles are creating a fast-paced contest among traders, who are vying for the biggest slice of the 100 million BDAG entering presale every day.

Mantra price analysis: Will OM break through the $0.42 resistance?

The current Mantra (OM) price analysis shows the coin still has some way to go before it can reach the next resistance zone. The price of OM is $0.3636 today, showing a 0.08% decrease in the past 24 hours.

However, the trading volume has increased significantly, with a 69% rise observed in the past 24 hours. This surge in activity could be a positive indicator of growing interest in the coin.

Furthermore, Mantra has found support at the $0.33 level, which could provide some cushion for further declines. The coin has also failed to break through the $0.42 mark, which remains a key level to watch.

A successful breach of this resistance level could open the door for further gains, potentially pushing the price toward the $0.45 to $0.48 range. However, if the sellers manage to defend the $0.42 level, we could see the price drop back to the $0.33 support.

It's important to note that Mantra has a relatively high FDV versus TVL, which could put some pressure on the coin. Additionally, there is a chance of traders booking some profits after the recent rally.

Moreover, broader market trends and any unexpected events or news could influence the price movements.

Overall, the technical analysis suggests that Mantra has the potential for further gains if it manages to break through the $0.42 resistance. However, the high FDV versus TVL, profit-taking possibilities, and market-wide risks could hinder its ascent. Traders will need to monitor this level closely and adjust their positions accordingly.

ETH price update: Pectra upgrade brings new features and fuels 7% rise

The Pectra upgrade has brought some interesting changes to Ethereum (ETH), with new features being added to improve staking and wallet options for users.

The Pectra release combines the Prague and Electra hard forks, introducing the ability for users to pay gas fees with any token and send batch transactions.

The upgrade also increases the staking cap from 32 ETH to 2,048, which could be relevant for larger participants in the ecosystem.

The latest Ethereum price update shows that the cryptocurrency is trading at $1,958, demonstrating a nearly 7% rise in the past 24 hours.

In the past month, ETH has gained about 50%, and in the past year, the cryptocurrency has experienced an over 300% increase.

In the past seven days, more than 3.5 million ETH has been added to centralized exchanges, which could indicate that traders are preparing for larger price moves.

Next targets for ETH

After a decisive move above the $1,800 to $1,850 resistance, the next key level for ETH is $2,200, which could be reached if the bulls maintain control.

A break above $2,200 would open the door for a move toward the $3,000 to $4,000 price zone, where we might see some selling pressure emerge.

However, if the bears manage to regain control and push the price back below $1,800, we might see a drop toward the $1,500 to $1,300 support levels.

At the same time, traders are keeping an eye on Chainlink (LINK) as it approaches a crucial resistance level with potential implications for broader market trends.

A successful breakout of this barrier could have significant technical and market-impacting implications for LINK and, potentially, other cryptocurrencies in the market.

However, if sellers manage to defend this barrier and push the price lower, it might