Despite the lack of momentum in comparison to assets like Shiba Inu or even GMT, Solana has been steadily moving upward in the local uptrend. As for now, SOL has reached the lower trendline of the range, which should act as support.In a successful case, Solana should bounce off of the trendline and continue moving upward, which should create a new wave of inflows to the asset and push it even higher.
In case of downward movement, investors should take note: the market will most likely reverse as demand for risk is descending and cryptocurrencies might lose the only source of inflows they have now, which are retail investors. However, an upward move would be a continuation signal as it would reflect the desire of investors to continue gaining exposure to risk rather than liquidate their positions.
Historically, Cardano has been a"lagging" cryptocurrency, meaning that it is indeed following the market but sometimes moving against the general trend, which should not be considered as the asset's personal strength. At press time, Cardano is changing hands at $0.35 after gaining around 24% to its value in the last 24 hours. Compared to other altcoins, ADA's growth was slightly below average, but at the same time, the cryptocurrency was one of the least leveraged assets on the market, which should be beneficial in the event of a correction.
$SOL and $ADA give confidence, but $SHIB is very dangerous, its supply is very close, I don't have a shibarium lie
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Whe re can we find that $ making bot everybody's using?