The crypto market is currently struggling to break out of its current consolidation. However, top altcoins like Cardano face resistance at higher levels, with $0.75 being a key level to watch. The Solana price also has a major barrier at $176.
Surpassing these levels could spark the next leg up for these top crypto coins. While these giants battle for recovery, a new DeFi coin called Unilabs (UNIL) with $30 million in AUM is making waves, skyrocketing by 31%. This Solana slayer’s growth is capturing investor attention, positioning it as a top crypto to buy for those looking to ride the next wave of market success.
Cardano (ADA) Price Eyes Strong Comeback as Recovery Gains Momentum
Blockchainballer, a crypto analyst, believes the Cardano price is staging a powerful comeback after enduring a steep sell-off and a tough rejection near the $0.85 mark. According to him, Cardano price action shows signs of a strong V-shaped recovery pattern, rebounding sharply from recent lows around $0.66.
The latest rally appears to be gaining traction, as Cardano price breaks cleanly out of a local downtrend, signaling renewed bullish momentum. With bullish strength accelerating, Blockchainballer has set a near-term target zone between $0.84 and $0.88.
He emphasized that if bulls maintain control, the Cardano price could reclaim its recent highs and possibly move beyond $1.00. In the meantime, the Cardano price has surged past the $0.75 resistance as buying pressure rises ahead of its Midnight airdrop.
The analyst expects the price of ADA may rise to $0.84 soon. Based on technical analysis, bulls are in control; the ADI is green, signalling strong bullish momentum.
Solana (SOL) Needs To Break $176 Resistance To Trigger Upside
According to a crypto analyst, Tom Tucker, the Solana price is trading at around $167. He feels the current retreat is a normal cooling off after a run of good gains and not a bearish reversal. He believes the recent pullback is a healthy cooldown following a period of strong gains.
According to Tucker, the Solana price closes above the $176 resistance. If this happens, the Solana price could surge past the $200 level.
In the meantime, the Treasury firm of Solana, Development Corp., has increased its total SOL balance to 1.29M after a recent purchase. This massive purchase indicates massive institutional trust and may send the Solana price soaring.
The Solana price is trading close to the $170 mark after crossing $165 on Monday. The RSI reads 42, which means that bullish momentum is low. More buying pressure is needed to push the Solana price above $170 in the next few days.
Unilabs (UNIL): AI-Powered Investing for the Next Generation of DeFi Users
Unilabs (UNIL) is an emerging decentralized platform that would transform the way ordinary users access, analyze, and invest in digital assets. It is connected to the DeFi market, whose TVL skyrocketed to a three-year high of $153 billion in July after a long bearish period.
Also, Unilabs empowers users with Wall Street-grade tools reserved for institutions. These tools allow investors to cite promising projects and make better decisions. Compared to MakerDAO, which primarily offers decentralized lending through DAI collateralization, Unilabs offers a broader investment experience.
While Maker locks users into borrowing/staking mechanisms, Unilabs allows dynamic exposure across markets, with AI constantly optimizing entries and exits. Another factor that sets Unilabs apart is its use of AI to manage four specialized fund strategies: BTC, DeFi, AI, and RWA. Also, its Early Access Scoring System (EASS) helps users to rank new projects based on potential for growth, allowing them to make better choices.
Crypto Royal, a YouTuber with 153k subscribers, said that Unilabs is a decent chance to make passive income, emphasizing the utility of the UNIL token. This DeFi crypto fuels this ecosystem, giving holders access to 122% staking APY and rewards through its 30% fee redistribution system.
Unilabs recently entered the 6th stage of its cryptocurrency ICO, where the value of UNIL rose to $0.0097. Having realized $11.1 million, analysts believe that UNIL may soar to $0.10 if the current adoption rate is maintained.
Unilabs’ Crypto ICO Performance Positions It Ahead of Cardano and Solana
While Cardano and Solana work to break their resistance levels, Unilabs’ 31% surge shows the power of new DeFi tokens in the current market. With its solid AUM backing, the Solana slayer could be the next big player in the crypto space, offering investors a promising alternative to recover their losses.
Find out more about the Unilabs (UNIL) Presale Today:
Website: https://unilabs.finance/
Telegram: https://t.me/unilabsofficial
This article is not intended as financial advice. Educational purposes only.
