Hot Market Moves: BNB Targets $1,100, Solana Faces $13M Liquidation, and BlockDAG Unlocks NFT Minting!

Market patterns often shape how we view a project. Binance Coin (BNB) is currently showing strength, forming a solid cup and handle pattern that could push it toward $1,100. Meanwhile, Solana (SOL) is under pressure, with over $13 million in long positions getting wiped out recently.

However, while these coins ride the waves of market sentiment, BlockDAG is staying focused on practical use. By rolling out NFT minting on its live testnet, it’s giving creators the tools they need right now, ahead of the mainnet. BlockDAG isn’t chasing hype, it’s focused on real-world use cases and pushing Web3 forward.

Empowering Creators: BlockDAG Unlocks NFT Minting

BlockDAG has taken a significant step by enabling NFT minting on its live testnet, providing creators with a real-time environment to craft, test, and deploy digital assets. This new feature positions the network as an ideal platform for artists, game developers, and brands looking to seamlessly integrate NFTs into their projects, ahead of the mainnet launch.

By offering this feature now, BlockDAG ensures that new projects will not just be ready to go live, they’ll be optimised for user engagement and scalability from day one.

The process is smooth and efficient, built to support Ethereum-based tools. Creators can mint NFTs using MetaMask and deploy smart contracts with Solidity syntax, all within a framework that minimises costs and reduces latency. This makes BlockDAG particularly appealing to creators transitioning from expensive, high-fee networks.

BlockDAG’s presale momentum continues to surge. With more than $273 million raised and 21.4 billion coins sold, the presale shows a massive 2,520% ROI since its first batch. Currently, Batch 28 is live, and a special offer allows new buyers to get in at $0.0020 until June 13. As NFT interest grows and creators seek scalable Web3 solutions, BlockDAG stands out as one of the most promising crypto projects for 2025.

BNB Price Action: Cup and Handle Signals Breakout

Binance Coin (BNB) is currently forming a classic cup and handle pattern, a bullish chart setup that often signals potential price gains. This pattern starts with a rounded “cup” shape, followed by a consolidation phase that forms the “handle.” If BNB manages to break through key resistance levels, particularly around $740 and the psychological $1,000 mark, analysts believe it could climb towards $1,100.

The depth of the cup, estimated at 75%, aligns with this price prediction, as the target is typically calculated by adding the cup’s depth to the breakout point. Currently, BNB is trading above key support levels, including the 50-day and 200-day moving averages, further reinforcing the bullish sentiment.

That said, it’s important to remember that technical patterns aren’t foolproof. Market conditions can shift quickly, so investors should keep a close eye on BNB’s price movements, particularly around those resistance levels, to confirm if a breakout is truly in play and adjust their strategies as needed.

Solana’s Bearish Dive: $13M Long Positions Liquidated

Solana (SOL) has been under pressure lately, with over $13 million in long positions wiped out in just 24 hours, creating a 143% imbalance between long and short liquidations. As a result, SOL saw a 5.05% drop, settling around $171.84 after failing to break through the $180 resistance. This liquidation event has dampened trading activity, with volume dropping 27.38% to $3.98 billion, signalling reduced market confidence.

However, some whales have been accumulating, staking $3.53 million in SOL, but overall sentiment remains cautious. The Relative Strength Index (RSI) has fallen to 61.87, pointing to a loss of bullish momentum. Additionally, there have been persistent outflows totalling $158.93 million, further highlighting the bearish pressure.

For SOL to turn things around, it needs to break the $193 resistance level with strong momentum. Until then, unless there’s a boost in inflows and a decrease in leveraged long positions, the bearish trend could persist. Traders should stay alert and watch key support levels.

Final Thoughts

Trends in crypto can shift quickly, often fueled by market sentiment or technical moves. Binance (BNB) is edging toward a potential breakout, while Solana (SOL) faces some bearish pressure. But in the background, BlockDAG is quietly focusing on long-term value with a creator-first approach.

With NFT minting now available directly on its testnet, BlockDAG is providing developers with practical tools they can use today. While price movements grab headlines, platforms that prioritise real user engagement and practical functionality often offer more sustainable growth. For those looking past short-term volatility, BlockDAG is one to keep an eye on.