Bitcoin consolidates near 100 EMA, Solana chart indicates potential growth, Cardano struggles long-term

From Investing.com: 2024-06-21 00:30:20

Bitcoin is showing signs of reversal, but struggles to move above key support levels like the 50 EMA, consolidating near the 100 EMA. Maintaining above $65,000 is crucial for a potential rebound, with resistance at $67,000. Market volatility and investor sentiment play a role in BTC’s performance.

Solana has been on a steady decline for the past 20 days, with the SOLETH chart indicating potential growth ahead. A comparison with Ethereum on this chart helps gauge market volatility and strength. Solana’s strong performance against ETH could signal a positive outlook for altcoins.

Cardano bounced from $0.35 support level, eyeing a fight with the 26 EMA for momentum. The RSI shows oversold conditions, attracting buyers. However, Cardano’s long-term performance has been weak due to competition and slow development progress, causing doubts among investors about its future success.

Read more at Investing.com: Here’s How, Cardano (ADA) Bounces Around $0.3, But for How Long? By U.Today