SOL and ADA price analysis for October 26, 2021.

Analysis and charts.

Bitcoin has risen 1.5% in the last 24 hours to $ 62,882, while Ethereum is trading 2.4% higher at $ 4,233. Binance Coin held above $ 480 on Monday, reaching $ 486, with dynamics to rise above $ 500.

The price of Solana fell from the new high of $ 218, with support at $ 200.

Cardano is on the verge of starting a rally with its immediate support demonstrated by the 100-day SMA.

SOL

Solana is still the "leader" among altcoins rising in parallel with Bitcoin. Last week, SOL rose above $ 200, closing the gap with a high of $ 215 and rising to a new high of $ 218. At the time of writing, SOL has secured higher support and is trading at $ 207.

SOL, meanwhile, appears to be facing increasing pressure that is likely to recede in support of $ 200. The Convergence / Divergence Transition Index (MACD) already has a sell signal, which, if confirmed, could lead to another decline in the demand area.

As the RSI declines, the odds increase, favoring the correction.

ADA

Cardano has reached $ 70 billion in market capitalization and $ 1.5 billion in 24-hour trading volume. At the time of writing, ADA is at $ 2.17.

The ADA has remained stable for almost six weeks due to its potential upside position at $ 2.5. On the other hand, the bulls have ensured that support at around $ 2 will be defended at all costs.

The odds are increasing to favor the uptrend, starting with the immediate support provided to the ADA by the 100-day SMA. 

On the other hand, Cardano must close the day above the 50-day SMA to validate the uptrend, at least above $ 2.5.

 This article is for informational purposes only and does not replace specialized consulting services with professional experts.