Solana (one of the top 10 altcoins) is considered a strong competitor to Ethereum, particularly in terms of transaction fees. The market price chart indicates that SOL has been on an uptrend, with higher lows and higher highs, indicating a bullish sentiment. The moving averages also suggest sustained buying interest. The immediate resistance for SOL is around $135, and a breakthrough could signal a fresh rally. The recent upward price movements have been accompanied by significant volume, further supporting an optimistic outlook for SOL.
Ethereum is experiencing another significant price surge, solidifying its position in the cryptocurrency market. The price chart shows ETH breaking through resistance levels and pushing past $3,500, indicating a robust uptrend. The moving averages are in bullish alignment, with short-term averages above longer-term ones, suggesting that the momentum could continue. The recent surge has placed $3,500 as a potential support level. The increase in volume reinforces the current price increase for ETH.
Cardano is showing signs of upward mobility as trading volumes surge, despite recent indications of being oversold. The price chart reveals an uptick in trading volumes, accompanying ADA’s rise past the resistance level at $0.65. ADA’s price is trading above both short and long-term moving averages, indicating a bullish signal. The immediate resistance for Cardano is around $0.77, and a continued increase in volume could push the price higher, potentially challenging the $0.80 threshold and even reaching $1.
Source: UTODAY
