The cryptocurrency market is making a major comeback, and Bitcoin is leading the pack. With market capitalization and price value returning to previous highs, sentiments are largely bullish. Interestingly, altcoins are following in Bitcoin’s footsteps. Although the majority has yet to make a full recovery, Solana, XRP, and Cardano are three altcoins that are highly promising at this time.
Solana (SOL) bulls are up and active; $150 is on view
Solana (SOL) is one of the most promising altcoins. SOL bulls kickstarted the month positively, with market capitalization reclaiming previous levels as altcoins collectively make an upward correction.
At report time, buying pressure has increased as daily and hourly gains continue to build up. SOL has also surged by 15% over the past two weeks and has emerged as one of the best-performing coins as a result. With prices hovering around the $105 price mark, $150 is in view for market participants.
Technical signals hint at a continuous bullish uptrend for Ripple’s XRP
As the cryptocurrency market gains momentum, Ripple’s XRP, like a handful of its peers, is making a much-needed price recovery. The altcoin traded around the $0.5585 and $0.5836 price levels briefly before the bulls secured nearly 10% in price value. XRP, like a handful of its peers, is making a much-needed price recovery.
XRP traders can leverage the current movement patterns before XRP moves to the next major target at $0.68, as resistance at $0.54 has successfully turned into support.
Market metrics signal a bullish position for the asset as the 3-day RSI reaches a new high and breaks above the Moving average. Prices are poised to go higher from here. XRP trades at a press time price of $0.55.
Experts maintain that Cardano (ADA) is poised to hit $1 in the long-term
Cardano (ADA) is currently in a long-term bullish cycle. The bulls successfully pushed ADA to a six-day price high of $0.6. After the notable increase in price value, the asset made a slight correction but has managed to sustain its daily and hourly gains.
Market players are still making a bold price call for $1, particularly if ADA successfully mimics its 2020 market performance. Despite this bullish call, on-chain metrics signal a major obstacle for the asset. Notably, active addresses are declining. If this pattern continues, prices are bound to stall. At report time, ADA was trading at $0.58.