Solana price hit new 2022 lows over the weekend, hitting the $75 value area for the first time since late August 2021. However, SOL’s current downswing is likely about to reverse.
Cardano (ADA) price is missing any action from bulls, but as price action is delivered at the mercy of the bears, bulls are fretting about a plan to spark a turnaround. With the US dollar’s strength, bulls will sit on their hands and wait for the right buying opportunity, which lies around $0.50, where a distribution zone is waiting for massive buying. Once the distribution phase is completed, expect a bullish breakout, with an accelerated upswing towards $1.00.
Amidst the broad crypto market bloodbath, analysts have identified key metrics that indicate further drop in Bitcoin price. BTC price has consistently dropped after hitting an all-time high six months ago, hinting at the possibility of crypto winter.