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