Convergence

Cardano

Solana

Divergence

<ul class="news-points">
 <li>Cardano’s volume declined to $1.01 billion while Solana’s value fell from $135.</li>
 <li>The MACD on the 4-hour chart indicated an impeding decline for ADA but the RSI suggested otherwise.</li>
 <li>SOL could swing between $126 and $130 as the short-term EMAs suggested consolidation.</li>
</ul>
<a href="https://coinedition.com/cardano-ada-price-performance-raises-questions-amidst-renewed-bitcoin-bull-run/" rel="noopener noreferrer nofollow">Cardano’s (ADA)</a> trading volume has decreased despite registering a price increase recently. According to <a href="https://coinmarketcap.com/currencies/cardano/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>, the volume was around $1.01 billion at press time. The trading volume is a measure of market interest in a cryptocurrency.&nbsp;
Therefore, an increase could suggest rising interest. But in ADA’s case, the decline implies that buying and selling of the token has reduced as capital seems to be rotating elsewhere.
Like Cardano, <a href="https://coinedition.com/solana-price-prediction-will-sol-climb-to-120-in-the-short-term/" rel="noopener noreferrer nofollow">Solana (SOL)</a> faced challenges despite its recent impressive performance. In the seven days, SOL’s price has increased by 24.80%. But after getting close to $140, the price reversed, changing hands at $129.32 at press time.&nbsp;
<h2 class="wp-block-heading" id="h-cardano-ada">Cardano (ADA)</h2>
ADA’s price rose to $0.77, indicating that the decline in volume might not halt its rising price action. However, signals from the Moving Average Convergence Divergence (MACD) seemed to disagree.
A look at …
The post <a href="https://coinedition.com/cardano-ada-and-solana-sol-are-major-price-shifts-imminent/" rel="noopener noreferrer nofollow">Cardano (ADA) and Solana (SOL): Are Major Price Shifts Imminent?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Cardano (ADA) and Solana (SOL): Are Major Price Shifts Imminent?

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