Recent changes in the cryptocurrency market have drawn traders' attention. Solana (SOL) shows a trading volume increase, while Cardano (ADA) faces challenges.
Reasons for Solana's Price Increase
In recent days, Solana's trading volume has significantly surged, hitting a 30-day high with over 12 million tokens exchanged. However, the price still faces resistance at $120. Analysis shows that for a solid uptrend confirmation, SOL must break through key resistance zones around $120–$130.
Current Trends Analysis of Cardano
Recently, the latest Cardano (ADA) predictions have raised concerns as the price dipped to $0.5677 after a 15% weekly drop. Trading volume has also decreased by 18%. Key analytical indicators show weakness, but there is a slight rebound that could signal recovery if the price holds above $0.52 and breaks the $0.60 level.
Overall Market Conclusions
Currently, Solana shows activity but faces significant barriers, while Cardano attempts to maintain its position. Both assets show mixed signals amid overall market volatility, indicating a need for caution.
At this time, Solana is experiencing a trading volume increase, yet encounters resistance, while Cardano seeks to hold its ground. Both currencies remain in a state of anticipation for further market signals.
