Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

SOLANA PRICE ANALYSIS & PREDICTION (April 24) – Sol Pauses Buying After a 50% Recovery in Two Weeks, What Next?

Advancing recovery this week, Sol posted more gains and tapped a new monthly high. Unfortunately, the price is currently down due to a recent rejection. This may trigger a sell if the bulls fail to sustain momentum. Following the early-month breakdown to a new yearly low of $94.2, Sol found support and climbed back above the crucial $100 level lost during the crash in the first week. Volatility increased, and the price surged to around $136 in the second week, halting buying due to a rejection. This rejection triggered a slight pullback, and the price retested $124. Meanwhile, during the surge, the price broke through a falling trendline, acting as resistance for three months. Sol advanced buying and reached a high of $154 yesterday, but lost grip following a bearish interception. Today, the price appears weak following a minor loss in the past hours. While this has brought a little setback in the market, the crypto may lose momentum again if the supply level increases on a daily basis. However, the recent recovery marked a significant retracement phase for the asset since it started to drop in January. Retracing above the $300 level could set the stage for bigger growth in the long term. But from a technical standpoint, the bears are likely to resume pressure shortly. SOL’s Key Level To Watch Source: Tradingview The close support for this drop is located at $136.7. A plunge below this level could roll the price to $122.7 and $112. The last defence line for the bulls would be $94.26 if the supply level increases. If Sol continues to increase, there’s an immediate resistance at $161. The $180 level is the next resistance to watch with a potential surge to $209. Key Resistance Levels: $161, $180, $209 Key Support Levels: $136.7, $122.7, $112 Spot Price: $147.4 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! CoinOtag

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Cardano’s Advance Holds Potential as Whales Show Renewed Interest Amid Key Price Levels

Cardano (ADA) continues its impressive run with a 15% gain over the past week, yet shows early signs of consolidation as trading volume dips. Recent data reveals a slight uptick CoinOtag