Cardano (ADA) and Solana (SOL) show positive price movements, with key resistance levels in focus.
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ADA
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ADA price is rising, targeting $0.44 to $0.45 range.
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SOL price is growing, aiming for the $200 resistance level.
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Positive market sentiment and technical indicators support upward movement.
Cardano (ADA) and Solana (SOL) are showing positive price movements as the weekend begins, according to CoinMarketCap data.
ADAUSD
Cardano’s (ADA) price has risen by 2.48% over the last 24 hours. On the daily chart, ADA’s rate is increasing after a bullish closure the previous day. Traders should watch the $0.43 zone, as a breakout and bar closure above this level could continue the upward move towards the $0.44 to $0.45 range.
Currently, ADA is trading at $0.4234, indicating strong momentum as it approaches the critical resistance level.
SOLUSD
Solana (SOL) has also followed an upward trajectory, growing by 2.27%. From a technical perspective, traders should focus on the bar closure in relation to the nearest resistance level of $188.89. If SOL’s price breaks this resistance, the accumulated energy might be enough to push it towards the vital $200 zone.
At the time of writing, SOL is trading at $185.60, showcasing a robust upward movement that aligns with the overall positive market sentiment.