Today, we will analyze Solana and Cardano, which are experiencing a trend that is partly similar, but partly slightly different.
To be honest, however, it is not so much the news regarding the two crypto projects and the two cryptocurrencies that influence their market performance, but the general news.
Positive news for Solana and Cardano, but prices continue to fall
At this moment the price of SOL is down 15% compared to seven days ago, and 21% compared to thirty days ago.
These are not particularly significant losses, but they are still meaningful percentages.
The main problem comes from outside, namely from the general trend of the crypto market, so much so that specifically on Solana at this moment there doesn’t seem to be any bad news circulating, except those related to prices.
In fact, to be honest, there are also several news items that, if not exactly good, are at least positive, due to an ever-increasing adoption, especially in the global financial markets.
Therefore, on one hand, there is a substantial absence of negative news about Solana, but on the other hand, there is an ongoing persistent price decline, which has been lasting for days.
The current level, however, still hovers around $200, which is practically the average level for 2025 after the boom due to the Trump-trade at the end of 2024.
It should be noted, however, that a rebound began in May, surpassing $150, which lasted until almost $250 in September, while subsequently the rise halted. Currently, it is effectively within a sideways phase with sustained volatility centered around $200.
The Trend of Cardano
A somewhat similar discussion can be made for ADA, although with different proportions.
The price of Cardano in the crypto markets has dropped by 21% in the last seven days, and by 26% in the last thirty.
Regarding the news, the situation of Cardano is very similar to that of Solana, with an almost complete absence of significant negative news, and instead the presence of several news items that, if not exactly good, are at least positive, always related to greater adoption.
In the case of Cardano, the current price level, below $0.70, is only slightly above the 2025 bottom, reached in June at $0.54.
The problem is that in recent days it has recorded a significant drop, given that last week it was above $0.80. This is indeed the figure around which it had effectively moved sideways starting from the second half of July.
It should be noted that Cardano tends to move sideways more than other cryptos, although during altseason it often experiences rapid and significant awakenings with high volatility.
