The crypto market is pausing its recent gains for a while, while the focus is on projects such as Cardano (ADA), Solana (SOL) and Cosmos (ATOM) for future growth. ChangeNOW, a platform that provides unregistered cryptocurrency trading, noted that the trading volume in these cryptocurrencies has increased. This trend, which is preferred by investors and large investors (whales) with security concerns, indicates an accumulation period that may occur before significant price increases.
Cardano (ADA)$ADA
, has recently gained momentum, pushing its price to $1. In the past month, ADA’s price has shown remarkable growth, increasing by 176%. The nearest resistance level is at $1.28, and if the rise continues, ADA could reach that level. The 10-day Simple Moving Average is currently at $1.02, reflecting a positive trend. The Relative Strength Index (RSI) is at 31, indicating that the asset is close to the oversold zone and therefore has the potential to attract more buyers. If the bulls continue their momentum, ADA could make a move towards the second resistance level at $1.48. According to ChangeNOW, ADA can be traded on the platform without registration and hidden fees.
Solana (SOL)$SOL
It is currently trading between $241 and $256 and is showing signs of an upward move. The nearest resistance level is set at $268, while support is around $186. If Solana breaks this resistance, it could rally to the next target of $309. Its price is up 13% in the last week, 38% in the last month, and has gained 44% in the last six months. The RSI is around 32, while the stochastic is around 30, suggesting that Solana may be oversold and could potentially see growth. ChangeNOW also allows Solana to be traded on the platform without registration or hidden fees.