The post Is The Altcoin Season In? SOL, ADA and SUI Validates Uptrend appeared on BitcoinEthereumNews.com.

Some altcoins in the cryptocurrency market are raking in massive gains amid soaring price trends. Among the early profit-takers for 2025 include Solana (SOL), Cardano (ADA), and Sui Network (SUI). These assets have set the market buzzing as some locked in over 20% profit in price action. Solana Nears All-Time High Solana’s bullish performance saw the coin experience a massive rebound from below the $200 level. In a surprising move, SOL leaped from around $178 in less than two weeks to pick the current rally. The coin surge now implies SOL is less than 20% away from its all-time high (ATH) of $263. Solana achieved this price mark in November 2024. SOL price was up marginally by 1.41% as of writing to $214.01. However, its uptrend is now threatened by massive volatility. – Advertisement – Its trading volume has also dropped from $3.73 billion in earlier trade to $3.04 billion. Despite these hiccups, the coin remains bullish, and investors anticipate a further surge. Solana’s recent upsurge proved enough to climb up in ranking. Binance Coin (BNB), previously occupying the 5th position in the cryptocurrency ranking by market capitalization, has yielded to Solana. BNB, with a market cap of $102.15 billion, lost the position to SOL’s $103.34 billion due to the latter’s price uptick. With speculations around possible regulatory approval for a spot Solana ETF this year, analysts believe the uptrend might stay. Interestingly, as many as five asset managers have filed for an ETF with the Securities and Exchange Commission (SEC). They include VanEck, Bitwise, 21Shares, Grayscale, and Canary Capital. Cardano Breaks $1 Resistance Another altcoin that registered an uptrend in price is Cardano (ADA). The coin retested the $1 price level and breached the resistance on the back of sustained investor interest. Market watchers noted that if ADA maintains…

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Filed under: News - @ January 6, 2025 1:11 am