The post Crypto Whales Have Sold Off Huge Amounts Of Solana And Cardano Holdings To Buy Cutoshi appeared on BitcoinEthereumNews.com.

The crypto market has seen some wild swings this month due to fear, uncertainty, and doubt caused by geopolitical tensions. In these unpredictable times, it is wise to look for new opportunities to re-enter the market. This is precisely what some Solana (SOL) and Cardano (ADA) crypto whales are doing as they sell their holdings and track the progress of a new and rising project, Cutoshi (CUTO), in hopes of outperforming the current market. Solana (SOL): Frequent Swings Trapping Traders In Weak Positions Solana (SOL) made a significant 4.6% recovery yesterday after facing bearish pressure for the week. After an intraday surge of 2.6%, the current market price for Solana (SOL) is $146.36. Over the past 24 hours, Solana (SOL) has decreased, indicated by a decline of over 12%  in daily trading volume. Solana (SOL) trades above the 50-day Simple Moving Average (SMA) and below its 100-day SMA. The MACD (Moving Average Convergence and Divergence) indicator has just turned positive, indicating bullish momentum. However, the RSI (Relative Strength Index) currently has a value of 53, showing a neutral stance between bears and bulls. A resistance level at the $152.34 price mark threatens Solana’s (SOL) short-term bullish movement. If Solana’s (SOL) price moves past this, $159.64 could be another significant resistance level. A support level for Solana (SOL) lies at $135.90, with stronger support at $127.08. Cardano (ADA): Traders Losing Hope For Recovery Cardano (ADA) is down 88% from its All-time High (ATH) of $3.1 made in September 2021. After giving some hope for recovery this year, Cardano (ADA) has seen a significant downtrend since March and is 56% below its 52-week high. Cardano (ADA) currently trades at $0.3546 with a market cap of over $12 billion. Cardano’s (ADA) daily volume dropped over 16%, but the price increased by 2.3% in…

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Filed under: News - @ October 17, 2024 7:26 am