With December on the horizon, Solana (SOL) and Cardano (ADA) are attracting attention as potential gainers. ChangeNOW reports rising transaction volumes for SOL, ADA. This registration-free exchange is popular among savvy investors and whales worried about fund safety. Growing transactions on ChangeNOW indicate investors are accumulating, suggesting these coins may see future growth.
Solana Shows Signs of Potential Growth Amid Market Fluctuations
Solana’s price is currently ranging between $205 and $240, showing a slight increase of 1% over the past week. Despite a 9% decline in the last month, it has gained over 60% in six months. Technical indicators like the Relative Strength Index at 39 and a low stochastic value suggest that Solana may be oversold and could be poised for a rebound. If bullish momentum continues, the price could reach the nearest resistance level at $255, indicating a potential gain of about 15%. The alignment of moving averages and a MACD level nearing positive territory signal that bulls might soon influence the market.
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Cardano (ADA) Nears Key Resistance Amid Potential Bullish Momentum
Cardano’s price ranges between $0.94 and $1.22, showing a modest weekly increase of 0.29%. Over the past month, it surged by 45.95%, and by 166.49% over six months. The Relative Strength Index is at 34.30, and the Stochastic oscillator reads 10.43, both indicating oversold conditions. The nearest resistance level is $1.35, with potential to reach $1.64 if surpassed. Support levels are at $0.78 and $0.50. The 10-day and 100-day simple moving averages are $1.04 and $1.08 respectively. These technical indicators suggest that bulls may influence the market soon.
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Conclusion
In conclusion, SOL and ADA offer unique opportunities for investors and traders seeking potential gains in December. SOL provides innovative features, while ADA boasts a strong development roadmap. For those interested in trading these coins, ChangeNOW is an excellent platform. It enables users to exchange, buy, or sell cryptocurrencies without hidden fees or the need for registration. Security is enhanced since 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 stands out as a convenient and secure choice for transactions.