With the altcoin market poised for its next phase, Cardano and Solana are emerging as frontrunners. According to ChangeNOW, a registration-free crypto exchange favored by savvy investors and large holders concerned about fund safety, transaction volumes for ADA and SOL have grown. This surge suggests that investors are entering the accumulation stage, hinting at potential future growth for these coins.
Cardano (ADA) Shows Potential Amid Recent Market Movements
Cardano (ADA) is trading between $0.94 and $1.22, displaying signs of growth. In the past month, its price rose by over 30%, despite a slight drop of about 10% last week. The nearest resistance level is at $1.35; if surpassed, the next target could be $1.63. The Relative Strength Index is close to 40, indicating the market is neither overbought nor oversold. The 10-day Simple Moving Average is slightly below the 100-day average, suggesting potential upward momentum. Over the last six months, ADA’s price increased by more than 150%. These factors show a mix of bullish and bearish influences, hinting at a possible continuation of the recent upward trend.
For those exploring options to access Cardano, ChangeNOW provides an easy way to trade ADA without registration or hidden fees, making it a convenient choice for staying ahead of market trends.
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Solana (SOL) Sees Bearish Trend Amid Price Consolidation
Solana’s price has been ranging between $205 and $239 recently. Over the past week, it has decreased by 8%, and over the past month, by nearly 13%. The Relative Strength Index is at 44, indicating a lack of strong momentum. The MACD level is negative at -2, showing bearish signals. The nearest support level is at $187, while the nearest resistance is at $255. If Solana overcomes resistance, it could reach $289, which would be an increase of around 20% from current levels. However, if it falls below support, it might test the $153 level. The current market appears cautious, with bears influencing the movement.
For those monitoring Solana’s performance, ChangeNOW offers a simple and seamless way to trade SOL without registration or hidden fees, providing a convenient option for staying responsive to market movements.
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Conclusion
As the crypto market evolves, Cardano and Solana offer distinct opportunities to investors and traders. Cardano’s emphasis on research and formal verification appeals to those seeking a robust foundation. Solana’s fast transaction capabilities attract users looking for speed and efficiency. For those considering investing in these coins, ChangeNOW is an excellent platform. It enables users to exchange, buy, or sell cryptocurrencies without hidden fees or the need for registration. This enhances security, as user funds are not stored on the platform. 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 participate in the crypto market.