October 19, 2024
Altcoin News

Altcoin Surge on the Horizon? How Far Can Cardano (ADA) and Solana (SOL) Go This Time?

Solana Shows Bullish Momentum, Targets Key Resistance at $162

Over the past month, Solana’s price has climbed more than 16%, showing strong bullish momentum. Currently trading between $138 and $154, it sits near its 10-day and 100-day moving averages around $153. An RSI of 54 signals moderate buying pressure, while a positive MACD reinforces the upward trend. If Solana breaks through the nearest resistance at $162, it could gain about 11%. Further movement towards the next resistance at $179 offers potential growth of around 22% from current levels. These indicators suggest that bulls are influencing the market. With this favorable setup, purchasing Solana could be timely, and it can be done easily on ChangeNOW with no registration and no hidden fees.

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