Cardano, Polkadot, ETH and SOL: These Levels Available Next Week!

From Monday to Friday, the crypto market cap increased by $17.4 billion to $905.6 billion. The increase follows two consecutive weeks of losses. But its market cap fell to just under $900 billion on a weekday. Three sessions in positive territory from five sessions supported the uptrend. Market volatility in the FX and equity markets provided crypto market support before pulling back on Friday. So what’s next? Here are the levels that analyst Bob Mason is waiting for for Cardano (ADA), Polkadot (DOT), Ethereum (ETH) and Solana (SOL)…

$0.668 is significant for Cardano (ADA)

During the week (Monday to Friday), ADA was down 2.47 percent to $0.435. cryptocoin.com As we have also reported, Cardano recently performed the Vasil hard fork. However, this hard fork did not prevent the ADA from falling 4.19 percent during September. ADA has dropped below $0.50 and markets are looking for a sharp increase in projects on the Cardano network. Earlier in the week, ADA dropped to Wednesday’s low of $0.425. But before that, on Tuesday, it hit $0.463.

According to the analyst, ADA must surpass the August high of $0.595 to surpass the June high of $0.6688 and target the May high of $0.906. “A return to $0.55 will be key,” Mason says. However, a drop from the August low to $0.425 could point to $0.384. ADA is currently below the 50-day EMA of $0.444. A move in the 50-day EMA will ease the selling pressure, according to the analyst. It will also keep the bulls running at the 100-day EMA ($0.453).

Polkadot (DOT) closed the month with 10.2 percent decline

Polkadot (DOT) fell 3.66 percent over the week to $6.32. Starting the week on the upside, DOT rallied from $6.16 to Tuesday’s high of $6.81. However, the bearish second half of the week left the DOT below $6.40. Thus, Polkadot lost 10.23 percent for September.

Looking at the trends, a move to the August high of $9.68 could support a run at $10.00 and the June high of $10.73. The DOT could clear higher from the $10.73 high at $16.44 to the May high. DOT will need to break the September high of $8.05 to support a shift in sentiment. However, the DOT has to avoid last week’s $6.16 to avoid a pullback to the 2022 low of $5.97.

Next altcoin after Polkadot (DOT): Ethereum (ETH)

Ethereum (ETH) also fell from Monday to Friday. It fell 0.60 percent to $1,329. Following the broader market, ETH hit Tuesday’s high of $1,401 before dropping to $1,254 on Wednesday. However, having cleared the September low of $1,220, ETH has revisited $1,374. While the week’s loss was modest, ETH fell 14.48 percent in September.

ETH continued to struggle after Merge. SEC Chairman Gary Gensler’s comments on Proof-of-Stake projects were echoed. Looking at the trends, a return to $1,800 would support a break from $2,031 and a return to $2,500. At $2,500, the bulls will target the May high of $2,968 and $3,000. However, a drop from September’s low to $1,220 would lead to $880.

Last altcoin on the list: Prospects for Solana (SOL)

Solana (SOL) fell 1.86 percent to $33.24 for the week. Following the broader crypto market, SOL rose to $35.43 on Tuesday before dropping to $31.64 on Wednesday. However, SOL, which surpassed August’s low of $29.91, closed the Friday session at $33.24. Despite the Monday-Friday loss, SOL rose 5.61 percent in September. Investor sentiment towards Solana-based NFTs improved significantly, providing SOL price support.

Looking at the trends, a move towards the August high of $48.42 could give the bulls a chance to run to the May high of $95.19. SOL will need ample support to get to $75. However, a drop from August’s low to $29.91 marks June and the current year’s low of $25.78.

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