Interactive Brokers Expands Crypto Lineup With Solana (SOL), Cardano (ADA), Ripple (XRP), and Dogecoin (DOGE)

Interactive Brokers significantly expanded its cryptocurrency trading lineup and added Solana (SOL), Cardano (ADA), Ripple (XRP), and Dogecoin (DOGE).

Interactive Brokers has significantly expanded its cryptocurrency trading lineup with the addition of Solana (SOL), Cardano (ADA), Ripple (XRP), and Dogecoin (DOGE) to its platform.

These new additions join the existing offerings of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH), bringing the total digital asset count available on the platform to eight. The newly added tokens will be accessible via Zero Hash LLC accounts, with SOL also being included through Paxos Trust Company.

The expansion aims to provide clients with greater flexibility for portfolio diversification, according to Steve Sanders, an IBKR marketing executive.

“Adding these new tokens gives our clients even more flexibility to diversify their portfolios and take advantage of opportunities across digital assets,” Sanders explained.

This inclusion also aligns with the firm’s commitment to offering a broad and efficient trading experience for its clients. It is important to note that the prices of SOL, XRP, ADA, and DOGE could turn bullish following this announcement.

A technical look at the newly added altcoins and Dogecoin might be useful for traders planning their entries:

Solana price analysis

Solena might be able to continue the bullish trend if the candle manages to close above the middle Bollinger Bands (BB). A move like this could see the cryptocurrency aiming for the $2.50 or $2.70 resistance levels.

However, if the price fails to hold the $2.30 support, it could put more pressure on the coin to continue decreasing in value. The Relative Strength Index (RSI) suggests that the market is in neutral territory at the moment.

A strong bullish push could see SOL rebound towards the $145 and $150 resistance marks. But if the coin loses its current support level, it could fall further and reach the $135 level.

Cardano price analysis

The addition of ADA to the platform could be interesting for traders, especially with the recent price movements. As the graph shows, the coin is approaching the 0.75 fib level, which could be a crucial point for the next price trend.

If the candle manages to move past this resistance, it might open the way for further gains, potentially targeting the 0.80 and 0.85 fib levels.

However, if the price breaks below the 0.72 support, it might lead to corrections, aiming for the 0.70 fib level.

Ripple price analysis

The technical analysis of XRP price suggests that the coin is currently in a period of consolidation, with the potential for a breakout in the near term.

After testing the lower Bollinger Bands (BB) support, the coin has managed to recover and move above the middle BB. This move might be crucial for the next price trend, as it could indicate that the selling pressure has decreased.

Moreover, the Relative Strength Index (RSI) is now in neutral territory, which also supports the possibility of a breakout. If the candle manages to close above the $2.30 resistance, it might open the way for further gains, potentially targeting the $2.50 and $2.70 levels.

Dogecoin price analysis

The analysis of Dogecoin's price suggests that the coin might be forming a bullish pennant, which could lead to a strong rally in the near term.

The coin is currently trading above the 50-day Simple Moving Average (SMA), which might provide support for any potential pullback.

Furthermore, the RSI is in neutral territory, which indicates that there is no clear directional pressure on the price at the moment. This might create an opportunity for traders to enter any Union Bank common stock trades.