Cardano

Solana

Coin

<ul class="news-points"> 
 <li>Despite a recent drop, Solana’s price stabilizes around $55.</li> 
 <li>Cardano sees community support despite a 3.52% price decrease.</li> 
 <li>Increased trading volumes for SOL and ADA indicate ongoing market interest.</li> 
</ul> 
<a href="https://coinedition.com/tag/solana-sol/">Solana (SOL)</a> has been downward for the last 24 hours after failing to break through the 24-hour high of $59.65. As a result, bears have grabbed control of the market, driving SOL’s price to an intraday low of $53.33 before regaining support and stabilizing around the $55 level at press time. The price drop has prompted some profit-taking among short-term traders, while long-term investors remain bullish about Solana’s prospects. 
The consolidation period may create a buying opportunity for investors wishing to join or increase their SOL investments. If the bears break through the $53.33 support level, the next support level to monitor is around $50. However, if the bulls push the price over $55, it might signal a rising trend and draw additional investors. 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/km_EFh8kCXvW89DKcSjfiDHCwU1IaQstxdG2ed5-IdT3Ffpmv0InmWN-2BSSARY7_YbsYs1NYdGotRxUkfXCmW1-BvgCQyjU-rHFpW0NZbv2W33znW5ftHe8-i5tL5xvDgbs4bpJpJkQKu7Vyrpabg4" alt="" style="aspect-ratio:1.141732283464567;width: 100%;height:auto">
 <figcaption class="wp-element-caption">
 SOL/USD 24-hour price chart (source: <a href="https://coinstats.app/coins/solana/" target="_blank" rel="nofollow">CoinStats</a>)
 </figcaption>
 </figure>
</div> 
The market capitalization of SOL fell by 2.86% to $23,253,187,029, while its 24-hour trading volume climbed by 17.90% to $1,210,653,312, suggesting more signi…
The post <a href="https://coinedition.com/solana-sol-and-cardano-ada-face-uncertainty-as-prices-retrace/">Solana (SOL) and Cardano (ADA) Face Uncertainty as Prices Retrace</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Solana (SOL) and Cardano (ADA) Face Uncertainty as Prices Retrace

Coin Edition

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