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Cryptocurrencies Price Prediction: SafeMoon, Solana and Cardano – European Wrap 1 September

Cryptocurrencies Price Prediction: SafeMoon, Solana and Cardano – European Wrap 1 September
FXStreet TeamFXStreet TeamFXStreet

SafeMoon starts to look muted as it struggles to advance further

SafeMoon price (SAFEMOON) has been in consolidation mode since August 16, when price action bottomed out at $0.00000117. A green ascending trend line started to form. That this trend line is of importance got proven on August 29, 30 and 31 as price action was supported each time by that same trend line.

SAFEMOON/USD daily chart

Solana Price Prediction: SOL could retrace 18% before heading higher

Solana price shows a massive uptrend coming to a temporary pause after setting up new all-time highs. The downswing could exacerbate if an intermediate demand barrier fails to cushion the incoming selling pressure.

SOL/USDT 12-hour chart

Here is why Cardano price might dip to $2 before new all-time highs

Cardano price has been on an explosive run, but lately things have calmed down as it hovers below a crucial resistance level. While investors are waiting with bated breath for a new all-time high, the technicals and on-chain metrics indicate that a downswing seems likely for ADA.

ADA/USDT 1-week chart

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FXStreet Team

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