As the altcoin market moves into its next phase, projects like Cardano and Solana stand out. According to crypto exchange ChangeNOW, the volume of trades made through its no-registration trading platform has increased for ADA and SOL. This increase suggests that investors are starting to accumulate these coins, potentially signaling future growth.
Cardano (ADA) is trading between $0.94 and $1.22 and is showing signs of growth. Despite a drop of around 10% in the past month, ADA’s price has gained more than 30%. The nearest resistance level is around $1.35, and if this level is broken, the next target could be $1.63. The Relative Strength Index (RSI) is near 40, suggesting that the market is neither overbought nor oversold. The 10-day Simple Moving Average is slightly below the 100-day average, which is considered a sign of potential upward momentum. In the past six months, ADA’s price has increased more than 150%, suggesting that an uptrend could continue in the coming period.
Solana’s price has been fluctuating between $205 and $239 recently. It has fallen by 8% in the past week and about 13% in the past month. The Relative Strength Index (RSI) is currently at 44, indicating a lack of strong momentum. The MACD (Moving Average Convergence/Divergence) is showing negative and bearish signals at -2. The nearest support level is $187, while the resistance is $255. If Solana breaks this resistance level, it could rally to $289, which would mean a rise of about 20% from current levels. However, if it falls below the support level, it could drop to around $153. The current market is more cautious due to the influence of bears, and investors are acting with caution.
For traders following Solana’s performance, ChangeNOW offers an easy and fast way to trade SOL with no registration or hidden fees. This platform is a user-friendly option for those who want to stay sensitive to market movements.