🔥Solana and Cardano show signs of a rebound in the crypto market.
🌟 Good news for the crypto market: #solana and #Cardano are giving signals that could anticipate a rebound.
Those analyzing the play place them among the most interesting altcoins for this last quarter of the year.
🚀 $SOL is going back and forth at $190, above the key support of $175. This level has historically been a point where the coin finds momentum.
🔸️Additionally, institutional interest continues to grow: products like Bitwise's Staking ETP already exceed $100 million in assets. Many point out that if this trend continues, a jump towards $200 could be near.
📈 For its part, $ADA shows a bearish wedge pattern that, in previous occasions, anticipated significant rises. Surpassing $0.83 could be the start of accumulation, with medium-term projections at $1.20 and a long-term target close to $2.91, levels not seen in years.
💡 Although some retail traders remain cautious, the data indicates that large investors might be reinforcing positions, supporting a potential bullish movement in the coming weeks.
So it seems (and let's hope🤞🏽) that Solana and Cardano continue to show technical strength and signs of interest from large investors. The market remains volatile, but these altcoins could be protagonists in this last quarter of the year.
