Cardano

Cryptocurrency

Solana

Bitcoin

Solana’s SOL and <a href="https://news.todayq.com/ada-could-surge-25-if-this-level-breaches-analysis/" target="_blank" rel="noopener noreferrer nofollow">Cardano’s ADA</a> surged ahead on Thursday, outpacing Bitcoin’s rally to four-week highs above $45,000, signaling a revitalization in the crypto market. BTC’s real-time data shows it sitting comfortably at $46,210.24, marking a 3.63% increase over the past day. SOL, ADA and BTC seem to be ruling 
SOL, the fifth-largest token by market capitalization, made a strong comeback, reclaiming the $100 level after facing a price drop due to a <a href="https://news.todayq.com/solana-suffers-network-outage-cause-still-unknown/" target="_blank" rel="noopener noreferrer nofollow">five-hour outage</a> on the Solana network. It’s currently trading at $105, up by 3.27% over the past 24 hours. Meanwhile, ADA showed even more impressive gains, boasting a 7% advance during the same period. Cardano (ADA) is currently trading at $0.537, marking a 4.14% increase over the past day.
Renowned pseudonymous crypto trader Wick hinted at the potential for further gains for SOL. Analyzing its recent price action, Wick noted a chart pattern reminiscent of the ones observed in October and December prior to significant market movements.
“Solana printing a shaded squeeze area,” Wick remarked in a post on Thursday. “This usually warns us of an extreme move incoming.”
While SOL and BTC led the charge, other major cryptocurrencies trailed behind. However, the outlook for the broader altcoin market appears bullish. Caleb Franzen, the founder of Cubic Analytics, pointed out that the frothy sentiment from late last year has reset, potentially paving the way for bullish price action. How is the global market coming along? 
The total market capitalization of cryptocurrencies excluding BTC and ETH, often regarded as a proxy for altcoins, retested a key accumulation zone and now shows signs of bouncing off from oversold levels, according to Franzen.
“This seems like bullish price action,” he stated in a post.
Today’s Cryptocurrency Prices by Market Cap reveal a global crypto market cap of $1.75 trillion, marking a 2.37% increase over the last day. The total crypto market volume over the past 24 hours stands at $59.26 billion, representing an 8.75% increase. Notably, the volume of all stablecoins now accounts for 93.12% of the total crypto market 24-hour volume, totaling $55.18 billion.
Bitcoin’s dominance currently sits at 51.87%, marking a 0.59% increase over the day.
The surge in SOL and ADA, coupled with Bitcoin’s rally, indicates a renewed optimism in the crypto market. Traders and analysts alike are closely watching for potential further movements, with Wick’s observation of a potential “extreme move” for SOL adding to the anticipation.
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Solana (SOL) and Cardano (ADA) shine alongside Bitcoin rally

Todayq News

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