After the recent market downturn, investors are eyeing ADA and SOL for potential gains in December. Transaction volumes for these coins have grown on ChangeNOW, a registration-free cryptocurrency exchange favored by savvy investors and whales concerned about fund safety. This surge suggests that investors are accumulating, indicating these assets may see growth in the near future.
Cardano’s Price Signals Potential Upswing as Bulls Eye Growth
Cardano (ADA) is trading between $0.94 and $1.22, showing signs of potential growth. The Relative Strength Index is just below 30, suggesting oversold conditions that might attract buyers. With the nearest resistance level at $1.35, breaking through could push the price towards $1.64. Over the past six months, ADA’s price has increased by more than 118%, despite a recent weekly dip of about 25%. The 10-day simple moving average is below the 100-day average, indicating room for upward movement.
Considering these factors, the current market setup appears favorable for Cardano, which can be accessed on ChangeNOW with no registration and no hidden fees.
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Solana Nearing Support Levels Amid Potential Market Rebound
Solana (SOL) has seen a recent decline, trading between $205 and $239. In the past week, its price dropped over 20%, and it’s down about 24% this month. The Relative Strength Index (RSI) is around 26, suggesting the cryptocurrency is oversold. With support at $187 and resistance at $255, a reversal could see SOL targeting higher levels like $289, which would be a notable percentage increase from current prices. Some market indicators point towards possible growth.
Solana is available for purchase on platforms like ChangeNOW, offering services without registration and hidden fees.
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Conclusion
Both ADA and SOL offer unique opportunities for investors and traders. ADA focuses on security and sustainability, while SOL provides high-speed transactions with low fees, making it appealing for decentralized applications. For those considering investing in these cryptocurrencies, ChangeNOW is an excellent platform for transactions. It allows users to exchange, buy, or sell these coins without hidden fees or the need for registration. By not storing user funds, it enhances security. With support for over 900 cryptocurrencies, no limits on transaction volumes, and the option to purchase crypto using a bank card, ChangeNOW provides a convenient and secure way to engage with the crypto market.