The price of Cardano continues to develop a bullish formation known as a double bottom formation in the midst of the recent uptrend in the cryptocurrency market. This chart formation is typically observed when the market hits bottom and triggers active accumulation just before a strong recovery rally. Currently trading at $0.3347, the ADA price is moving under the influence of this formation and needs to break above the resistance at $0.462 for the formation to be fully confirmed and completed. If the price surpasses this level, a more intense uptrend can be expected. Analysis of Solana (SOL): Bull’s Return Triggers Bull Rally On July 7th, the price of Solana made a significant breakout by surpassing the resistance trend line of a symmetrical triangle formation. This breakout served as a significant indicator of a change in market dynamics and indicates the potential for a strong short-term rally. SOL is currently […]
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