ADA, TRUMP, SOL, and PNUT Price Analysis Shows Varied Market Action, Setting Up Interesting Scenarios for Weekend Traders

Crypto markets are dynamic, and Cardano (ADA), Trump (TRUMP), Solana (SOL), and Peanut the Squirrel (PNUT) are showing varied price action

Crypto markets are dynamic, and Cardano (ADA), Trump (TRUMP), Solana (SOL), and Peanut the Squirrel (PNUT) are showing varied price action, setting up interesting scenarios for weekend traders. 

Some of these are hinting at an upward movement, others have hit resistance, which could lead to price drops. Here’s the details.

ADA Price Approaching Key Resistance Around $0.82

Cardano (ADA) is trading at $0.7981, having edged up by 0.18% over the last day. The price has bounced between $0.7964 and just above $0.82. 

ADA has been on a pattern of higher peaks and higher lows, indicating short-term upward momentum. However, recent price rejections suggest that resistance could be forming.

The $0.796–$0.798 area of support has prevented further price decreases, along with another minor support level at $0.79. If ADA falls below these points, expect a deeper slide. 

On the flip side, resistance between $0.82 and $0.825 remains a hurdle. Getting above $0.82 might propel the price towards $0.85. But, if it can’t stay above support, a move back to $0.79 is possible.

Official Trump Token ($TRUMP) Still Looking Bullish

Official Trump (TRUMP) surged by 19.85% in a single day, now priced at $20.65. The price moved from a low of $17.23 to over $24, pointing to strong upward momentum. Even with a slight dip, TRUMP is holding above $20, confirming its current trend.

Right now, support is between $20 and $20.50, backed up by another layer between $18.50 and $19.00. If there’s a bigger drop, $17.23 might be tested – the lowest price seen recently. 

Resistance is around $22.50–$23.00, with even stronger resistance at $24. If $TRUMP stays above $20 and breaks $23, a target of $25 could be in play. However, dropping below $20 could lead to pullbacks toward $19 or lower.

Solana (SOL) Checks $195 as Possible Support

Solana (SOL) saw a slight decline of 0.07%, currently trading at $195.98. The price varied between $194 and over $204. Initially, the token showed strong upward momentum, but a retreat brought it close to key support levels.

In the immediate short-term, support is at $195, with more between $192 and $194. A larger correction could test $190, a significant psychological support area. 

Resistance is between $200 and $202, and a major barrier is at $204–$206. If SOL reclaims $200, an attempt to surpass $204 and aim for $210 is possible. Otherwise, a drop below $195 may push the price down towards $192 or even lower.

Peanut the Squirrel (PNUT) Tries to Find Its Footing

PNUT gained 13.2% yesterday, reaching $0.1705. The price moved between $0.1506 and over $0.20, showing strong upward momentum first, followed by a pullback.

For now, support at $0.165–$0.170 is key to holding steady. Going below this range could send the price to $0.155–$0.160. The lowest support on record is $0.1506. 

Resistance at $0.180–$0.185 and $0.195–$0.200 remains important. Climbing above $0.200 could mean further price gains, while failing to hold support could trigger more price decreases.

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