CARDANO, XRP AND SOLANA HOLDERS! HOLY SH*T THE BREAKOUT IS HERE!
My Financial Friend
Current Market Overview
- Cardano (ADA) is up 27% today, with a 3-day increase of 29% to $1.08
- XRP is moving up to the upper part of a triangle, with a potential breakout above $2.50
- Solana (SOL) has surpassed $100 billion in market cap, with a TVL of $9.2 billion
- Bitcoin is sideways for the day, with some longs and shorts being liquidated
Cardano Analysis
- ADA has broken out above a downtrend line, reaching its highest point since mid-December
- Key resistance levels to watch: $1.16, $1.18, and $1.32
- Potential bullish signal if $1.10 can be flipped into support
Solana Analysis
- SOL has broken out above a downtrend line, with a potential target of $226
- Prior resistance at $178 has been flipped into support
- SOL/BTC has hit a double bottom and flipped prior resistance into support
Market Outlook
- The market may get "frothy" as Trump's inauguration approaches
- A strategic Bitcoin Reserve may be coming, with indications from Eric Trump and Michael Saylor
- FTX payments are expected to start soon, potentially bringing in $16 billion in cash to the market