Cardano

bullish

Solana

Resistance

Solana(<a href="https://yellow.com/asset/sol">SOL</a>) is on the verge of <a href="https://bravenewcoin.com/insights/solana-set-to-hit-ath-in-trump-driven-bull-run-will-cardano-and-tron-join-the-altcoin-surge">hitting</a> a new all-time high (ATH) after it crossed the $200 mark led by the post-Trump win bullish market trend. The altcoin is known for its resilient network and fast transaction which has caused the recent surge in trading activities across the blockchain. 
However, SOL setting sight on a new ATH at $260 is indicative of a broader rally in the altcoin market as seen in Tron (<a href="https://yellow.com/asset/trx">TRX</a>) and Cardano's (<a href="https://yellow.com/asset/ada">ADA</a>) latest spike. 
But the question remains if these altcoins will continue in their upward movement. All three blockchains, Cardano, Solana and Tron, have seen a surge in transaction volumes recently as whale activity increases. This indicates that crypto investors are gathering these altcoins in anticipation of future growth. 
SOL registered a 31% weekly gain and a 48% monthly spike as it traded near $230 today which shows that the coin is under a strong bullish trend. Solana has an RSI of 66 which vindicates the bullish pattern and the nearest resistance level lies at $253. 
If the altcoin crosses that resistance level, then it is likely to rally to $314 as the 10-day and 100-day Simple Moving Averages of SOL are near $211 which supports the uptrend. 
Meanwhile, Cardano has seen a 76% weekly gain and a 69% monthly price rise, following Hoskinson’s announcement that he could help shape up US crypto policy under the Trump administration. At present, ADA fluctuates between $0.387 and $0.726 with the $0.86 resistance level lying close by. 
The altcoin's technical indicators like the stochastic value and the RSI are at 80 and 59 respectively, indicating a bullish trend. The 100-day and 10-day moving averages of Cardano lie around $0.57 and $0.56 respectively. This suggests further growth potential for the token. 
ADA is likely to rally to $1.20 if the upward trend continues. The altcoin will test higher resistance levels if that happens. 
On the other hand, Tron (TRX) has seen a 12% spike in its price in the last 7 days. The altcoin has risen over 44% in the past 6 months which has resulted in TRX trading between $0.16 and $0.17. 
Tron is trading close to the $0.17 and $0.18 resistance levels and if the token breaks these barriers it will surge further. The RSI of the altcoin is around 54 which means that the digital asset hasn't reached overbought conditions yet. The 100-day Simple Moving Average at $0.17 points towards an upward trend. 
As per the technical indicators of Tron, the Bulls are taking over the market and hence there is a possibility of further growth. 
Overall, all three altcoins are harbouring a potential growth possibility with an indication of testing new resistance levels. 
At the time of writing on November 14 evening, Cardano is down 7.67% to trade at $0.5518, Tron is trading at $0.1779, down 2.09% in the last 24 hours while SOL is at $211.42, down 2.78%.

Solana Aims For New ATH, Cardano and Tron Test New Resistance Levels - Altcoin On the Rise?

Yellow News

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