Chainlink (LINK), Hedera (HBAR), and BlockDAG Dominate the News Cycle as Top Crypto Coins This Week

Chainlink, Hedera, and BlockDAG have dominated the news cycle as the top crypto coins this week, and for good reason. The latest Chainlink (LINK) whale action signals a potential rally

Crypto enthusiasts are buzzing with excitement as Chainlink (LINK) and Hedera (HBAR) prices hint at potential rallies, while BlockDAG (BDAG) continues to heat up with its presale rapidly approaching the $600 million goal.

Chainlink (LINK) slowly started noticing a price increase. The latest data from Santiment reveals that large investors, also known as whales, have been accumulating Chainlink in droves. In the past few months, the total LINK holdings in wallets ranging from 100,000 to 10 million have surged to 375 million.

This surge is being driven by increased interest from institutions and large funds. As reported earlier, the number of large transactions—those exceeding $1 million—has been steadily rising since the start of the year. This activity is a strong indicator of institutional involvement.

Furthermore, Chainlink has managed to reclaim the crucial $16 price point and even surpass its 200-day EMA. This technical feat could pave the way for a 40% rally to the next resistance level at $18. If LINK reaches $18, the next target could be $25, supported by the ongoing bullish momentum.

However, if the price drops below the 200-day EMA and the Fib 0.382 level, which is currently at around $13, it could open the door for a deeper correction.

Next, in the analysis of Hedera (HBAR), the coin faced resistance between $0.206 and $0.223, leading to a pullback after A-B-C correction patterns were formed. The A-wave saw a drop from the highs to the lows, followed by a B-wave bounce, and finally, the C-wave is expected to continue the decline.

Analysts predict a support zone between $0.1688 and $0.147 for the C-wave, where a reversal could occur. However, if HBAR manages to break above the $0.223 resistance, this bearish outlook may be invalidated, signaling a possible bullish shift.

Finally, in the coverage of BlockDAG (BDAG), the presale has hit a staggering $269 million, rapidly advancing toward its $600 million goal. The news of 5 exchange listings and 15 more set for June 13 GO Live Revea in the upcoming days is expected to further boost presale demand.

Traders can still get a piece of the action with BDAG priced at $0.0020 until June 13, and the token will go live on exchanges at $0.05. After the price lock ends, BDAG will never be available for this low again.

Those aiming for the highest returns at the lowest cost need to move quickly as Batch 28 is selling out rapidly. After the price lock ends, BDAG will no longer be available for this low price, and the token will be listed on exchanges at a much higher rate.