As altcoins gain momentum, focus shifts to the future of Cardano and Solana. ChangeNOW reports a rise in transaction volumes for ADA and SOL. ChangeNOW is a platform for exchanging cryptocurrencies without registration, favored by savvy investors and whales concerned about fund safety. The increasing transactions suggest investors are accumulating, indicating these coins might grow soon.
Cardano (ADA) Shows Strong Potential Amid Recent Market Movements

Source: ChangeNOW
Cardano (ADA) is experiencing notable price movements, trading between $0.94 and $1.22. Despite a 1-week drop of 11.46%, it has surged 49.44% over the past month and 176.24% in six months. Technical indicators like the Relative Strength Index (RSI) at 41.47 and Stochastic at 17.48 suggest it may be oversold, indicating possible bullish momentum ahead. If upward trends continue, ADA could test resistance levels at $1.35 and potentially $1.64, representing significant gains from current prices. Cardano can be purchased on ChangeNOW with no registration and no hidden fees.
Solana Nears Key Support as Bears Dominate, Potential for Rebound Ahead

Source: ChangeNOW
Solana’s price has been hovering between $205 and $239 recently. Bears have pushed the price down by 9% over the past week. The nearest support level sits at $188. Technical indicators show the Relative Strength Index at 36 and the Stochastic at 8, suggesting the asset is approaching oversold conditions. If bulls regain control, the price could rise to the resistance level of $256, and possibly reach $290. This would represent significant potential gains. Over the past six months, Solana has increased by 56%. The current market setup appears favorable for Solana, which is available on ChangeNOW with no registration and no hidden fees.
#solonapumping $SOL

Solana price staged a strong recovery after dropping to a low of $204 on Dec. 11, with signs pointing to a more sustained rebound.

Solana sol4.98%Solana rose to $227, bringing its market cap to over $107 billion. this recovery mirrored that of other cryptocurrencies, including Ripple  xrp5.45%XRP and Avalanche avax13.53%Avalanche. Here are the three reasons why the SOL price may soon jump to over $500.
Data shows that Solana is becoming increasingly scarce as the number of tokens on exchanges continues to decline. Nansen data indicates that the amount of SOL tokens on exchanges fell by 13% in the last seven days to 282.24 million.

This decline is likely driven by two factors. First, many investors are moving their coins to self-custody wallets. Second, a significant number of investors are staking their SOL tokens. According to StakingRewards, Solana’s staking ratio stands at 65%, higher than that of most coins like Ethereum (ETH), Polkadot (DOT), and Cosmos (ATOM).

Second, Solana may continue rising because of its role in the crypto industry. Data shows that protocols on the Solana network handled $32.46 billion in trading volume over the past seven days, surpassing Ethereum’s $25 billion.
In addition to its DEX dominance, Solana is gaining traction in other areas of the crypto industry, including gaming and decentralized public infrastructure. This growth is translating into financial gains, with the network collecting over $672 million in fees this year.

Third, technicals suggest that Solana price has more gains to go. On the daily chart, the coin has formed a bullish flag pattern, which happens when an asset forms a long vertical line and a flag-like pattern. It is one of the most bullish patterns in the market.
Solana has also formed a break-and-retest pattern by falling to $210 on Tuesday. This was an important level since it was the highest swing in March this year. It is common for an asset to retest a key resistance or support level and then continue the uptrend.
On the weekly chart, SOL has also formed a cup-and-handle pattern with a depth of approximately 97%. By projecting 97% from the upper side of the cup at $260, the price could potentially rise to $511 in the long term.#solonapumping #WeAllAreNotSatoshi

$SOL $ETH $BNB

The provided chart showcases the price action of the SOLUSDT perpetual contract over a recent period. Let's delve into a detailed analysis for traders, extracting potential insights:
Overall Trend:
Short-Term: The short-term trend appears predominantly bearish, as evidenced by the series of lower highs and lower lows. The price has been making consistent downward moves, with brief periods of consolidation or minor retracements.Potential Shift: However, towards the end of the chart, there's a hint of a potential trend reversal. The price seems to be finding support around the 239.5000 level and has started to show signs of an upward push.
Key Support and Resistance Levels:
Support: The 239.5000 level has acted as a strong support zone, preventing further downside movement. Another potential support lies around the 244.5000 mark.Resistance: On the upside, the 254.5300 level is a crucial resistance. A break above this level could signal a further upward move, potentially targeting the 258.5000 and 262.5000 levels.
Volume Analysis:
High Volume Selling: The red volume bars indicate strong selling pressure, especially during the downward price movements. This confirms the bearish sentiment in the market.Increasing Buying Interest: However, towards the end of the chart, we see some green volume bars accompanying the upward price action. This suggests increasing buying interest and could be a sign of a potential trend reversal.
Moving Averages:
5-Period SMA: The 5-period SMA (Simple Moving Average) is currently acting as dynamic resistance, with the price trading below it. A break above this moving average could further confirm a bullish reversal.
Potential Trading Strategies:
Long Entry: Traders could consider entering long positions if the price breaks above the 254.5300 resistance level with strong volume confirmation. Stop-loss orders can be placed below the 239.5000 support level.Short Entry: If the price fails to break above the 254.5300 resistance and starts to decline, traders could look for short entries with targets around the 244.5000 and 239.5000 support levels.
Additional Insights:
Market Sentiment: The overall market sentiment for SOLUSDT appears to be shifting from bearish to cautiously optimistic. However, traders should closely monitor the price action and volume for further confirmation.Risk Management: It's crucial to implement proper risk management strategies, such as setting stop-loss orders and position sizing, to protect capital in case of unexpected market movements.Fundamental Analysis: Traders should also consider fundamental factors, such as news and developments related to Solana, to gain a comprehensive view of the market.

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading cryptocurrencies. involves significant risk, and traders should always do their own research and consult with a financial advisor before making any investment decisions.
#NotPriceSurge #MajorUnlocks #Write2Earn! #solonapumping