After undergoing steep price drops, Solana and Cardano are beginning to show promising signs of a comeback. These leading cryptocurrencies might soon drive the final push in the current altcoin market cycle. Market analysts are noticing a rise in trading volumes and renewed investor confidence, indicating that the market downturn could be nearing its end. If this momentum continues, SOL and ADA may lead the next wave of growth in the crypto sector. According to NOW Wallet, transaction volumes for SOL and ADA have surged, signaling increased investor interest. Solana Targets $265 Resistance as Bullish Activity Strengthens Solana is demonstrating bullish activity, with its relative strength index above 60 and a positive MACD level. Despite experiencing nearly an 8% drop over the past week, the cryptocurrency has gained almost 50% over the last six months. Its current price fluctuates between $182 and $234, moving towards the nearest resistance at $265. If the upward trend persists, Solana could ascend to the next resistance point at $318, marking a potential 30% increase from its present price. Transaction volumes have notably increased, according to NOW Wallet, a comprehensive app for managing cryptocurrencies like Solana securely, without custody or hidden fees. >>> Manage and Diversify Your Crypto Portfolio Seamlessly with NOW Wallet Cardano Under Bearish Influence Amid Recent Price Slump Cardano (ADA) is facing bearish pressure as its price fluctuates between $0.71 and $0.95, having fallen nearly 19% in the past week and about 29% over the month. The short-term average price is below the long-term average, indicating downward momentum. The strength index shows neutral activity, but negative indicators point to a bearish trend. If the price drops below the support at $0.61, it could descend to the next support at $0.37. On the other hand, if buyers step in, the price might aim for resistance levels at $1.09 and $1.32. Notably, transaction volumes have increased, according to NOW Wallet, a secure app for managing cryptocurrencies. >>> Manage and Diversify Your Crypto Portfolio Seamlessly with NOW Wallet Conclusion Solana and Cardano present unique opportunities for investors looking to participate in the next phase of the altcoin market. Solana's high-speed network facilitates rapid transactions, drawing developers and users alike, while Cardano's emphasis on security and sustainability makes it an attractive option for long-term investment. For those considering these cryptocurrencies, the NOW Wallet app offers an excellent platform for transactions. It provides privacy and security without the need for registration or custody of funds, simplifying crypto management. With fiat-to-crypto operations just a click away, it supports storage and instant exchanges of thousands of tokens across major blockchains. Its built-in cross-chain swapping capabilities make managing a diverse crypto portfolio straightforward.
