Solana (SOL) is showing renewed strength, trading above $146 at the time of writing on Wednesday, as multiple catalysts converge to support a bullish outlook. SOL’s rebound follows weeks of consolidation above the $120 support level.
Ripple (XRP) is trading under pressure, resting squarely on support at $2.00 at the time of writing on Friday. The path with the least resistance appears downward, weighed down by declining retail demand despite minor inflows into XRP spot Exchange Traded Funds (ETFs).
Cardano (ADA) steadies above $0.40 at the time of writing on Monday after a decisive close above the falling wedge pattern in the previous week. The derivatives market supports improving sentiment, with ADA’s Open Interest (OI) rising and long bets increasing among market participants.