From Investing.com: 2024-05-31 00:00:21

Cardano (ADA) is struggling, trading below key moving averages. High competition in the blockchain ecosystem is a primary reason for its decline. Bitcoin (BTC) fails to hold above $70,000, facing mixed market reactions. Ethereum ETF approval brings bullish sentiment. Solana (SOL) shows signs of bearish momentum fading, hinting at a potential recovery. Trading volumes indicate a possible stall in bearish pressure on SOL. Support levels suggest bullish momentum despite current downward pressure. Gradually decreasing bearish volume in SOL is a positive sign for buyers. A move above $150 support level in SOL could signal a new bullish extension phase.

Read more at Investing.com: Cardano (ADA) Is In Catastrophic State, Bitcoin (BTC) Future to Surprise You, Solana (SOL) Can Still Be Saved: Here’s How By U.Today