Solana Dominates Adoption, Yet ADA's 5% Surge Takes Center Stage
Solana's Dominance: Solana (SOL) continues to lead in decentralized exchange activity for the 16th consecutive week, with Forward Industries Inc. announcing it holds over 6.9 million SOL, the largest corporate treasury for Solana.
Solana's Price Struggles: Despite a 3% price rebound, SOL faces heavy resistance around the $137–$141 range, with a broader trend showing structural weakness and potential for further declines if it drops below $133.
Cardano's Recent Performance: Cardano (ADA) saw a 5% increase, bouncing off the $0.40 support level, but remains in a structurally weak position below key moving averages, indicating that the recovery may not be sustainable.
Resistance Levels for Cardano: ADA's price struggles against significant resistance between $0.47 and $0.54, and without closing above $0.51 weekly, the trend is likely to favor sellers, with potential declines towards $0.34 or $0.28 if support fails.
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