CandleFocus SOL and ADA Price Prediction for September 16
2024-09-16
Author: Content Editor
As the week begins, sellers have more power in the crypto market. Cardano (ADA) has seen a significant drop of 5.28%, and its rate continues to look bearish. If ADA closes near the support of $0.33, a deeper correction to the $0.30-$0.31 range is expected by the end of the week. Currently, ADA is trading at $0.3317. Solana (SOL) has also experienced a decline of 3.44%. However, from a technical perspective, SOL's rate appears to be more favorable than ADA. If there is a false breakout of the low from yesterday's bar and the candle closes without a long wick, there may be a local rise leading to a test of the $140 zone in the near future. SOL is currently trading at $131.61.
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