While some cryptocurrencies experience a 10% rise, BTC’s recent decline has left investors grappling with unresolved losses. Since mid-December, the ongoing negativity has presented challenging days for traders. Yet, with the upward trend persisting, we should not anticipate an extended correction period.
Solana (SOL)
Among the largest layer-1 solutions, Solana $192 (SOL) has shown significant growth due to its speed and low transaction costs. The network’s transaction volume has reached record levels compared to others. Following a drop below $10 during the FTX collapse, SOL subsequently hit a new all-time high above $260 and is now trading at $186.
The last sales wick at $169 did not prevent the recovery of the $182 support level. Such extreme sell-offs are typical in a panic environment, and SOL Coin has been no exception. The critical support at $182 was a resistance level during this year’s bullish phase and now represents another potential rise to $202.
PEPE Coin
After experiencing a rise, dip attempts often appear as missed opportunities for investors. Following a test at $0.0000169, PEPE Coin has surged again. However, uncertainty looms over its continuation due to BTC’s recent volatility, making investors more cautious.
If the trend continues, testing $0.00001861 in the coming days is expected, potentially aiming for the key resistance at $0.00002202. This marks the last significant resistance before the peak at $0.00002721, after which PEPE Coin could reach much higher levels.
Cardano (ADA)
As support for cryptocurrencies increases in Asia, we have witnessed a rapid rise in regionally-centered coins. Now, with the U.S. becoming more crypto-friendly, Cardano $0.708672‘s growth motivation is partly driven by this shift.
Having reclaimed the $1 threshold, ADA Coin is now targeting the $1.1 resistance, with the potential to reach a peak of $1.23 thereafter.