Cardano and Solana Both Experienced High Buying Pressure for the Last Seven Days but They Are Now Facing Corrections

Meanwhile, savvy traders are turning towards Rollblock's viral presale which has already reached a new all-time high price in stage 8 of its presale.

Cardano (ADA), Solana (SOL), and Rollblock (RBLK) are three cryptocurrencies that have been performing well recently.

Cardano experienced a strong buying rally over the past seven days, with its price surging by a massive 52.26%. This impressive rally was largely driven by whales putting significant buying pressure on the token. However, despite analysts expecting the rally to continue for a longer duration, Cardano’s price chart has already entered a consolidation phase.

Cardano is currently trading at $0.5778 after an intra-day decline of 4.83%. The token’s volume has also decreased by 6.77% over the last 24 hours as the buying pressure cools down. With Cardano’s RSI entering oversold territory, analysts are expecting steeper declines in Cardano’s price over the upcoming weeks. If selling pressure increases, Cardano’s price could face the nearest support at $0.309 within the next few days.

Solana (SOL) is another cryptocurrency that has been experiencing strong buying activity. The token recently breached a critical resistance level at $200, and according to a report by Synracy Capital, Solana is getting closer to surpassing Ethereum in terms of every economic metric.

In October, Solana’s real economic value was 111% higher than Ethereum’s, indicating a trending uptick in Solana’s network activity. Solana is currently trading for $212.12 after a minor intra-day decrease of 3.32%. While Solana’s volume has still increased by 16.53% over the last 24 hours, indicating continued buying pressure, itsRSI levels are displaying sell signals.

However, since Solana’s MACD Level is still flashing buy signals, analysts are expecting Solana to target the $250 level within the next few weeks.

Among the newer cryptocurrencies making waves in the market, Rollblock (RBLK) has captured the attention of traders with its crypto native protocol. The platform has already raised an impressive $5.38 million in record time, and market experts are anticipating 880% gains for RBLK before the end of 2024.

Rollblock is also rolling out a unique revenue sharing model. By the end of each week, Rollblock uses up to 30% of its operational earnings to repurchase RBLK tokens on decentralized exchanges. Approximately 40% of these tokens are used to distribute staking rewards to current Rollblock investors as rewards while the remaining 60% are burned forever to maintain the supply hard cap of 1 billion tokens. Since RBLK has a scarce supply, analysts expect the token to follow a strictly deflationary price trend over time.

If these rewards weren’t enough, then Rollblock is also offering a 50% deposit bonus to new presale buyers. This limited time offer means that traders can get more value for their money by becoming exclusive presale holders. Once the presale concludes, Rollblock’s VIP-tier presale holders will also receive exclusive bonuses based on their RBLK holdings.

Since traders can earn huge returns by investing in Rollblock’s new project, market experts are predicting a huge surge in demand within the next few days. Rollblock’s native RBLK tokens are currently selling for only $0.035 each which makes now the best time to invest before the upcoming price surge.