As a seasoned financial analyst with extensive experience in the crypto market, I have closely monitored the trends and price movements of various digital assets over the years. The recent surge in prices at the start of the weekend, as evidenced by CoinMarketCap, has piqued my interest.
The prices of most coins are rising at the beginning of the weekend, according to CoinMarketCap.
ADA/USD
The price of Cardano (ADA) has risen by 2.48% over the last 24 hours.
The daily chart indicates a rising trend for ADA‘s price following a bullish finish in the previous session. Currently, it’s crucial to keep an eye on the $0.43 region.
As a researcher studying stock market trends, I would interpret a breakout above a particular resistance level as a strong signal for further price gains. If this occurs and the bar closes above the resistance, it’s reasonable to anticipate that the upward momentum will likely carry on, potentially pushing the price towards the $0.44-$0.45 range.
ADA is trading at $0.4234 at press time.
SOL/USD
The rate of SOL has followed the upward move of ADA, growing by 2.27%.
From a technical perspective, it’s important for traders to consider the bar’s closing price in relation to the nearby resistance level at $188.89. If this level is breached, there may be sufficient energy propelling further growth towards the significant zone of $200.
SOL is trading at $185.60 at press time.
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2024-07-27 19:52