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Interest is rising in alternative cryptocurrencies. Transaction volumes for Cardano (ADA) and Solana (SOL) have grown, according to ChangeNOW, a cryptocurrency exchange without registration. This platform is used by savvy investors and large holders worried about fund safety. The increase in transactions suggests investors are accumulating these coins, which may grow in the future.
Solana (SOL) Faces Bearish Indicators Amid Price Fluctuations
Solana’s price is currently fluctuating below $231, with technical indicators suggesting bearish market influence. The Relative Strength Index (RSI) is at 39, indicating weaker buying momentum, while the MACD level is negative at -2.353, pointing to potential downward pressure. The stochastic oscillator stands at 22, close to oversold territory, which could hint at future price adjustments. The nearest support level is $133, and resistance is at $253, with a second resistance at $314. Recent price changes show an increase of over 23% in the past week and nearly 40% in the past month. Investors interested in Solana can access it through platforms like ChangeNOW, offering transactions without registration and hidden fees.
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Cardano (ADA) Surges Over 50%, Bulls Eye Resistance at $0.86
Cardano (ADA) has seen a significant price increase, with a 1-week change of 59.88% and a 1-month change of 53.45%. The current price ranges between $0.39 and $0.73, approaching the nearest resistance level at $0.86. The simple moving averages for 10 and 100 days are close, at $0.56 and $0.55 respectively, indicating a potential upward trend. Despite the Relative Strength Index (RSI) being at 33.31 and the Stochastic at 13.26 suggesting oversold conditions, the recent momentum points toward bullish influence. If this trend continues, Cardano could reach the second resistance level at $1.20, marking a substantial increase from current levels.
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Conclusion
Cardano and Solana offer unique opportunities in the cryptocurrency market. Cardano focuses on security and sustainability, making it appealing to investors who value robust technology. Solana provides fast transactions and low fees, attracting those interested in efficiency. For those considering investing in these coins, ChangeNOW is an excellent platform. It lets users exchange, buy, or sell these cryptocurrencies without hidden fees or the need to register. This enhances security since user funds aren’t stored on the platform. With support for over 900 cryptocurrencies, no limits on transaction amounts, and the option to purchase crypto with a bank card, ChangeNOW simplifies the process of trading and investing in cryptocurrencies.
Source: https://coinedition.com/altcoin-boom-incoming-cardano-and-solanas-potential-for-this-bull-run-explored/