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Cryptocurrency News Articles

Cardano, Solana, Cosmos Show Promise Amid Bullish Momentum

Nov 25, 2024 at 10:09 pm

Favored by savvy investors and whales concerned about security, this trend suggests an accumulation phase that may precede significant price increases.

Cardano, Solana, Cosmos Show Promise Amid Bullish Momentum

Cardano (ADA) price is currently experiencing bullish momentum, with its price hovering near the $1 mark. Over the past month, ADA has experienced a 176% price increase, indicating significant growth. The nearest resistance level is at $1.28, and if the upward trend continues, ADA could potentially reach this level.

The Simple Moving Average over 10 days stands at $1.02, suggesting a positive trajectory. The Relative Strength Index is at 31, which may indicate that the asset is nearing oversold territory, potentially attracting more buyers. If the bulls sustain their momentum, Cardano might aim for the second resistance level at $1.48, representing a considerable increase from current prices. ADA is available on ChangeNOW without registration and hidden fees.

Solana’s price is currently ranging between $241 and $256, showing signs of upward movement. The nearest resistance level is at $268, while support lies at $186. If Solana breaks past the resistance, it could reach the next level at $309.

Over the past week, Solana’s price has increased by over 13%, in the past month by more than 38%, and over the past six months by over 44%. Technical indicators like the RSI at around 32 and the stochastic at nearly 30 suggest that Solana might be oversold, indicating potential for growth. Solana is available on ChangeNOW without registration and hidden fees.

Cosmos (ATOM) has surged recently, gaining 33% in the past week and nearly 69% over the past month. Trading near $8, the cryptocurrency shows strong upward movement.

Technical indicators like a positive MACD level of 0.0992 and a stochastic value of 13.26 suggest increased buying interest. With nearest resistance levels at $9.55 and $10.38, Cosmos could rise further if the bullish trend continues. A move to $7.55 would represent about a 14% increase from the current price. An RSI of 41.91 indicates there’s still room for growth before reaching overbought territory.

The current market setup appears favorable for purchasing Cosmos, which is available on ChangeNOW with no registration and no hidden fees.This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.

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