The crypto market experienced huge sell-offs on fears that the breakdown of China-based real-estate giant Evergrande. The collapse of the company could not only impacted China but also hit hard on other markets too. No doubt the current market is pretty bearish, yet assets like Cardano (ADA), Solana (SOL) and Ripple (XRP) trying very hard to smash the immediate target. Despite the market crash, these altcoins showed a huge tendency to rebound quickly.
Cardano Price Analysis
Cardano price rebounded well at the strong support levels around $2.15. And despite the recent sell-offs, the ADA price restricted itself revisiting the same levels. And hence showcased a strong potential to rebound despite the market crisis. However, the uptrend still cannot be confirmed as the zones above $2.40 need to be sustained strongly. And hence it has to be seen, how Alonzo upgrade and Cardano’s upcoming summit on September 25th and 26th will help the ADA price trend. The Cardano price is expected to regain ATH and might run towards $10. The price may drop well below $1.970 if it fails to hold the support.
Recent News On Cardano
- Cardano launched the much-awaited Alonzo Hardfork Upgrade on September 12th, 2021.
- Carano Community is going to conduct the biggest blockchain event on 25th and 26th September. Where Cardano’s new partnerships with reputed organisations, the addition of new DeFi protocols (Officials say Hydra protocol to remain as the focal point of discussion) and many more things are awaited.
Solana Price Analysis
Solana (SOL) price after surging high to set a new ATH at $210.12, slipped to $139.1 on 17th September 2021, as the SOL network encountered a large increase in transaction load. Despite the market crash, the SOL price rebounded quickly to an immediate resistance level at $142.21. The asset appears pretty confident of its bull run in the upcoming rally, a portion of the crypto community believe the SOL price has the potential to surpass $300 too. And if bears take over the market, the SOL price could eventually drop well below $100.
Recent News on Solana
- Solana (SOL) price hit ATH $210.12 on 9th September 2021. Amid a rise in bullish sentiments, Solana mainnet beta encountered a massive surge in transaction load which peaked at 400,000 TPS. This resulted in a drop in SOL price.
- Solana’s wallet Phantom built for DeFi and NFTs achieved a milestone of reaching 400k weekly active users.
Ripple (XRP) Price Analysis
Ripple price, currently attempting very hard to smash immediate resistance levels at $1.08. The price rebounded well after the recent sell-offs which drained XRP price nearly by 11% of the price. Despite a slight pullback and amid raising FUDs over SEC’s lawsuit on XRP, the price trend responded well and has the strong potential to range towards $5 in future. If SEC wins the case then it would affect XRP price.
Overall, Cardano (ADA), Solana (SOL), Ripple (XRP) has shown immense potential though the market crashes heavily impacted the price of many prominent assets. These altcoins could reach a new high in the upcoming bull cycle. Holding and continuous integration of their strong fundamentals is the key to carry forward the momentum.