Investors expect that Bitcoin’s consolidation will lead to growth in Cardano and Solana this January. ChangeNOW, a cryptocurrency exchange service without registration, reports increased transaction volumes for ADA and SOL. Favored by savvy investors and large holders concerned about safety, the rise in transactions indicates accumulation, suggesting these coins may grow in the future.
Cardano (ADA) Signals Potential Reversal Amid Oversold Conditions
Cardano (ADA) has been trading between $0.72 and $1.08, with recent market activity showing bearish influence. The price is currently below its 10-day and 100-day simple moving averages of $0.88 and $0.91, respectively. However, the Relative Strength Index (RSI) stands at 24.98, indicating that ADA is oversold and may be poised for a bullish reversal.
The Stochastic indicator, reading at 14.14, reinforces this potential. If ADA rises to the nearest resistance level of $1.28, it would represent a significant increase from current prices. Over the past six months, Cardano’s price has grown by over 126%, highlighting its substantial long-term growth potential.
ADA is available for purchase or exchange on ChangeNOW, a custody-free platform that does not require registration.
>>> ChangeNOW – Swap Crypto Simple, Fast, Free of Custody <<<
Solana’s Price Dip Suggests Potential Upswing Amid Oversold Signals Solana (SOL) has seen its price range between $161 and $214 recently, with a drop of over 8% in the past week and nearly 19% over the past month. Despite this downturn, SOL’s six-month change remains a positive 36%.
Technical indicators like the Relative Strength Index at around 32 and Stochastic near 10 suggest that SOL may be oversold. The nearest support level is at $141, and if the price holds above this, it could rebound toward resistance levels at $249 and potentially $302. This possible upward movement represents a significant percentage increase. The current market setup appears favorable for Solana which is available for purchase on ChangeNOW without registration and hidden fees.
>>> ChangeNOW – Swap Crypto Simple, Fast, Free of Custody <<<
Conclusion
In summary, Cardano and Solana offer distinct opportunities for those interested in the cryptocurrency market as Bitcoin steadies. ChangeNOW stands out as a superb platform for dealing with these coins. It enables users to exchange, buy, or sell without hidden fees or the need to register. By not storing user funds, it enhances security. Supporting over 900 cryptocurrencies, it imposes no limits on transaction amounts, and users can even purchase crypto using a bank card. This makes ChangeNOW a convenient and secure choice for investing in these promising cryptocurrencies.
