XLM Price Tests Resistance, Immutable X Token Unlock Adds Pressure, BlockDAG Emerges as Top Bullish Crypto at $0.0019

Several well-known names are stirring the market this week. The Immutable X token unlock is drawing attention as $10.4 million worth of IMX is set to be released, raising short-term questions about price pressure and trader reactions.

At the same time, the Stellar (XLM) price is making headlines as it nears the $0.40 resistance level. If that mark is cleared, past cycles suggest it could rally much higher.

While both tokens are in the spotlight, BlockDAG (BDAG) is gaining momentum for a different reason. With its coin still priced at $0.0019 until May 13, analysts consider it the top bullish crypto, offering buyers an early shot at gains ahead of its exchange debut.

Traders Focus on $10.4M Immutable X Token Unlock

This week’s Immutable X token unlock is pulling in plenty of speculation. Scheduled for Tuesday, the unlock will release over $10.4 million worth of IMX, which makes up around 1% of the total circulating supply. This drop is part of the broader token distribution plan, with 89% already unlocked and the final batch expected in November.

Although unlocks often spark volatility, IMX has shown strength recently, climbing from $0.34 to $0.60. Technical analysts are watching an inverse head and shoulders pattern, which can suggest more upside. Whether the Immutable X token unlock moves the market significantly or slips by quietly, it’s enough to keep IMX on traders’ watchlists.

Stellar Price Eyes $0.40 as Breakout Point

The Stellar (XLM) price is once again testing a critical resistance level at $0.40. After rebounding from lower levels and forming a higher low last year, traders are watching closely to see if a breakout is coming. If it pushes through $0.40, historical patterns suggest targets could extend to $0.50 or even $1.29.

Stellar’s rise has also been helped by institutional adoption. Franklin Templeton’s move to use the Stellar network to manage $1.7 trillion in assets brought new attention to the blockchain. With their transaction costs under $150, compared to traditional fees of over $50,000, the case for adoption has become clearer. The Q1 review on May 7 may serve as the next catalyst for the Stellar (XLM) price.

BlockDAG Presale Gains Traction as Exchange Listings Approach

BlockDAG (BDAG) made its next move clear by confirming a listing on a major exchange following its current presale, strengthening its case as a top bullish crypto for 2025.

The team has a special price entry to $0.0019 until May 13, a sharp discount from the batch 28 price of $0.0262 and far below the expected $0.05 listing. This has supercharged interest in the presale, with over 19.7 billion coins now sold and total funds raised crossing $227.5 million. Early buyers are already seeing gains of 2,520% before BDAG’s public launch.

Transparency continues to lead BlockDAG’s approach. After completing a CertiK audit and launching a new podcast outlining its roadmap, the project confirmed that CEX listings are on the horizon.

Many expect the listing details to be announced on May 13, the same day the discounted price ends. This next phase brings liquidity, visibility, and a path from private presale to open trading, all while the testnet continues to onboard developers ahead of the full launch.

For those still watching from the sidelines, the setup is simple: get in at under a cent today, with an eye on a $0.05 launch. It’s the best time to grab while the price is low, tune into weekly updates, and prepare to join the next stage of BlockDAG’s public rollout.

Key Events Traders Are Watching This Week

Market participants are paying close attention to several important developments. The Immutable X token unlock may shift short-term sentiment, depending on how it’s received, and technical signs hint that IMX could be setting up for further gains.

At the same time, the Stellar (XLM) price is pressing against resistance, and if the upcoming Q1 review delivers good news, XLM could rally toward its next target.

While IMX and XLM are making technical moves, BlockDAG continues to carve out its own space as a top bullish crypto. With its presale price still at $0.0019 and listings confirmed, those considering an early position are running out of time. With its roadmap already active and momentum building, BlockDAG isn’t waiting for anyone to catch up.