SOL and ADA Price Analysis for January 30

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Bulls could not continue the weekend’s rise, and all of the top 10 coins are in the red zone.

Top coins by CoinMarketCap


The rate of Cardano (ADA) has dropped by 2.17% over the last 24 hours.

ADA/USD chart by TradingView

On the daily chart, the rate of Cardano (ADA) has bounced off the resistance at $0.3980. At the moment, the price is trading near the support level at $0.3780. However, if the daily closure happens near it, the drop may lead to the test of the $0.36 area shortly.

ADA is trading at $0.3811 at press time.


Solana (SOL) is less of a loser than Cardano (ADA), going down by 1%.

SOL/USD chart by TradingView

On the daily time frame, the price of Solana (SOL) has come back to the support at $23.65. The selling volume has increased, which means that bears may have locally seized the initiative.

In this case, the breakout of the mentioned mark may be a prerequisite for a fall to the $22 zone. Such a scenario is relevant until mid-February.

SOL is trading at $24.30 at press time.

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