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Original U.Today article
Denys Serhiichuk
Can rates of Solana (SOL) and Cardano (ADA) rise this week?
Cover image via U.Today
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Sellers are more powerful than buyers at the beginning of the week, according to CoinStats.
ADA/USD
Cardano (ADA) is one of the biggest losers today, falling by 5.28%.
Despite today's drop, the rate of ADA keeps looking bearish.
If the daily candle closes near the support of $0.33, one can expect a more profound correction to the $0.30-$0.31 range by the end of the week.
ADA is trading at $0.3317 at press time.
SOL/USD
Solana (SOL) is not an exception to the rule, going down by 3.44%.
From the technical point of view, the SOL rate looks better than ADA. If a false breakout of yesterday's bar's low happens and the candle closes with no long wick, the local rise may lead to a test of the $140 zone soon.
SOL is trading at $131.61 at press time.
About the author
Denys Serhiichuk
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].
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