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Breaking News: Banks Can Soon Issue Stablecoins: FDIC Begins Rulemaking Under GENIUS Act
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Breaking News: Banks Can Soon Issue Stablecoins: FDIC Begins Rulemaking Under GENIUS Act

SOL and ADA on the Rise: Bullish Indicators Point to Significant Rallies Ahead

Bitcoinist
by Bitcoinist
Last Updated: December 8, 2024 5:37 am
·
Posted in Press releases
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Solana (SOL) and Cardano (ADA) are showing strong momentum, with bullish indicators hinting at significant upcoming rallies. ChangeNOW, a registration-free cryptocurrency exchange service, reports increased transaction volumes for these coins. This growth suggests that investors, including savvy traders and safety-conscious whales, are accumulating, indicating potential for future price increases.

Solana’s Price Movements Hint at Bullish Trend Toward $273

Source: ChangeNOW

Solana (SOL) is currently trading between $220 and $255, hinting at bullish momentum. The 10-day simple moving average is at $239, just above the 100-day average of $231, suggesting a positive short-term trend. With a 41% increase over the past month, SOL demonstrates significant growth potential. The immediate resistance level is at $273; surpassing this could propel the price toward $308, representing a possible gain of up to 28% from current levels. Technical indicators like MACD and RSI are in neutral to positive zones, indicating a balanced market sentiment.

For those interested, Solana is accessible on ChangeNOW without registration and hidden fees.

>>> ChangeNOW – Swap Crypto Simple, Fast, Free of Custody <<<

Cardano (ADA) Surges 248%: Can Bulls Drive It Past $1.35 to Unlock 30% Gains?

Source: ChangeNOW

ADA has seen a remarkable price increase of over 248% in the past month, currently trading between $0.96 and $1.25. Bulls seem to be influencing the market, pushing the price toward the nearest resistance level at $1.35. If this level is breached, ADA could aim for the second resistance at $1.64, representing a potential gain of around 30%. The Relative Strength Index at just under 40 suggests there’s still room for growth before entering overbought territory. With support levels at $0.77 and $0.49, downside risk appears limited.

The current market setup seems favorable for those considering adding Cardano to their portfolio, easily done on ChangeNOW without registration or hidden fees.

>>> ChangeNOW – Swap Crypto Simple, Fast, Free of Custody <<<

Conclusion

Solana (SOL) and Cardano (ADA) offer unique opportunities for investors and traders. Solana provides fast transactions and a growing ecosystem of decentralized applications. Cardano focuses on security and sustainability with its research-driven development. Bullish indicators suggest significant rallies ahead for both. For those considering investing in these coins, ChangeNOW is an excellent platform for transactions. It allows users to exchange, buy, or sell SOL and ADA without hidden fees or the need for registration. Security is enhanced by not storing user funds. ChangeNOW supports over 900 cryptocurrencies, has no limits on transaction volumes, and offers the option to purchase crypto using a bank card.

Beyond individual trading, ChangeNOW’s NOWPayments tool enables businesses to integrate cryptocurrency payments effortlessly. By using these tools, companies can attract clients interested in crypto, streamline operations, and set up instant points of service for transactions. Whether an investor, trader, or business owner, ChangeNOW combines convenience, efficiency, and profitability to meet various crypto needs.

 

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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