COINTURK NEWS – Bitcoin, Blockchain and Cryptocurrency News and Analysis

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While some cryptocurrencies experience a 10% rise, BTC’s recent decline has left investors grappling with unresolved losses. Since mid-December, the ongoing negativity has presented challenging days for traders. Yet, with the upward trend persisting, we should not anticipate an extended correction period.

Solana (SOL)

Among the largest layer-1 solutions, Solana $187 (SOL) has shown significant growth due to its speed and low transaction costs. The network’s transaction volume has reached record levels compared to others. Following a drop below $10 during the FTX collapse, SOL subsequently hit a new all-time high above $260 and is now trading at $186.

The last sales wick at $169 did not prevent the recovery of the $182 support level. Such extreme sell-offs are typical in a panic environment, and SOL Coin has been no exception. The critical support at $182 was a resistance level during this year’s bullish phase and now represents another potential rise to $202.

PEPE Coin

After experiencing a rise, dip attempts often appear as missed opportunities for investors. Following a test at $0.0000169, PEPE Coin has surged again. However, uncertainty looms over its continuation due to BTC’s recent volatility, making investors more cautious.

If the trend continues, testing $0.00001861 in the coming days is expected, potentially aiming for the key resistance at $0.00002202. This marks the last significant resistance before the peak at $0.00002721, after which PEPE Coin could reach much higher levels.

Cardano (ADA)

As support for cryptocurrencies increases in Asia, we have witnessed a rapid rise in regionally-centered coins. Now, with the U.S. becoming more crypto-friendly, Cardano $0.996106‘s growth motivation is partly driven by this shift.

Having reclaimed the $1 threshold, ADA Coin is now targeting the $1.1 resistance, with the potential to reach a peak of $1.23 thereafter.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.



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