• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Solana's Strong Growth: An Analysis of Cardano and Tron's Situations

user avatar

by Giorgi Kostiuk

a year ago


The cryptocurrency market is actively developing, with Solana, Cardano, and Tron showing significant progress within the general bullish trend.

Solana: Growth Dynamics and Technical Analysis

Solana (SOL) recently surpassed the $200 mark, testing new all-time highs amid a stable market trend. The platform's competitive fees have spurred trading activity. Solana shows a 31% weekly gain and a 48% monthly spike, with a current price of $230. It's expected that the nearest resistance at $253 will be overcome, potentially driving growth to $314.

Cardano: Achievements and Forecasts

Cardano has also seen notable growth, with a 76% weekly and a 69% monthly increase. Previously, there were statements about the project's potential role in shaping US cryptocurrency policy. Currently, ADA fluctuates between $0.387 and $0.726, with resistance at $0.86. Support at 100-day and 10-day moving averages, around $0.57 and $0.56, indicate stability in the upward trend.

Tron: Current Situation and Opportunities

Tron (TRX) has shown a 12% price increase in the last week. In the short term, the altcoin ranges between $0.16 and $0.17. Price stability and an RSI of 54 suggest market confidence in this asset.

Overall, Solana, Cardano, and Tron continue to demonstrate the strength of their upward trend amid the current market rally. Investors are closely monitoring the potential to overcome new resistance levels.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Brazil's House of Representatives Proposes National Bitcoin Reserve

chest

Brazil's House of Representatives is exploring the establishment of a national Bitcoin reserve through Bill No. 4,501 of 2024.

user avatarGustavo Mendoza

CryptoQuant Report Indicates XRP Trading Volume Stabilization

chest

A recent CryptoQuant report analyzes XRP trading volume, indicating a balance between buyers and sellers.

user avatarRajesh Kumar

Analysts Highlight Key Indicators for Bitcoin's Market Bottom

chest

Analysts highlight significant price-based benchmarks indicating Bitcoin is in a long-term accumulation phase, with key indicators suggesting a favorable position for long-term investors.

user avatarMiguel Rodriguez

Political Dynamics Threaten Progress of Clarity Act

chest

Scott Bessent warns that the upcoming midterm elections could jeopardize the progress of the Clarity Act, especially if Democrats gain a majority in the House.

user avatarLuis Flores

US Treasury Secretary Advocates for Clarity Act Amid Crypto Market Volatility

chest

US Treasury Secretary Scott Bessent emphasizes the need for the Clarity Act to stabilize the volatile crypto market.

user avatarArif Mukhtar

Bitcoin Market Faces Bearish Phase Amid Price Drop

chest

Speculations arise that the cryptocurrency market has entered a bearish phase following a significant drop in Bitcoin's price.

user avatarMaria Gutierrez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.