Cryptocurrencies Face Uncertainty as Bitcoin Stalls and Cardano Tests Uptrend
After last week's short rally, many cryptocurrencies are retracing their steps. Bitcoin (BTC) has settled into its familiar range between $82,500 and $85,000. Cardano (ADA), on the other hand, is testing whether its recent uptrend can hold.
The mixed indicator readings for these assets do not yet show a convincing recovery. A break from their current ranges would offer a clearer clue than another move within them. Buyers need to clear nearby resistance before September 29 ends for a potential rise.
Solana (SOL) is trying to recover from an early dip, but it still needs to get above $120 to strengthen its case for another rise. A break below $116.4 would point the other way and could bring $113 into view.