Solana and Ethereum are catching the attention of crypto enthusiasts as December approaches. According to data from ChangeNOW, a platform for instant cryptocurrency exchanges, transaction volumes for SOL and ETH are climbing. The surge in activity suggests that savvy investors, including large holders, are accumulating these assets. This growing interest hints at potential upward moves in the coming months.
Solana (SOL) Bulls Eye $255 as Momentum Builds
Source: ChangeNOW
Solana is trading between $205 and $239, testing $255 resistance. With a 63% rise over 6 months, and a solid RSI of 60.68, signs point to bullish activity. The 10-day SMA at $216 suggests support, while strong moves could target the 2nd resistance at $289, marking a potential 20%+ gain.
With favorable technical conditions supporting SOL’s price action, platforms like ChangeNOW allow enthusiasts to trade smoothly and efficiently. Offering no registration and transparent fee structures, ChangeNOW provides an easy way to engage with Solana’s ongoing momentum.
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Ethereum (ETH) Eyes Growth Amid Bullish Signals
Source: ChangeNOW
Ethereum is trading between $3648-$4137, with its nearest resistance at $4318 and support at $3340. Over 1 month, ETH saw a 27% rise, driven by strong bullish momentum. The 10-day SMA of $4009 is slightly above the 100-day SMA of $3925, suggesting upward traction. RSI at 52 hints ETH isn’t overbought, leaving room for growth. If it breaks $4318, ETH could target $4800, a potential gain of 10-15%. A dip below $3340 may test $2850.
With a 7.8% weekly increase, Ethereum’s current setup looks favorable for those tracking its upward trajectory. Platforms like ChangeNOW, known for their registration-free and transparent fee structure, offer a convenient way for enthusiasts to trade ETH seamlessly during these dynamic market conditions.
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Conclusion
Solana and Ethereum each present distinct opportunities for investors and traders. Solana is recognized for its quick transaction speeds and lower fees, making it attractive for those seeking cost-effective efficiency. Ethereum benefits from a stronger network effect and a broad range of projects built on its platform, appealing to those prioritizing long-term growth. For those looking to trade or invest, ChangeNOW provides a seamless way to exchange, purchase, or sell these coins. It ensures transparency with no hidden charges and prioritizes privacy as no registration is required. With support for over 900 cryptocurrencies, no transaction limits, and an option to buy crypto using a bank card, it offers flexibility and convenience in managing crypto portfolios.