Cardano and Solana Flashing Boom Signals, according to Jason Pizzino, crypto analyst

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A popular crypto trader believes that Cardano (ADA) and Solana (SOL) have the potential to generate huge gains during the next stage of the bull race.

Crypto market analyst Jason Pizzino shares with his 202,000 YouTube subscribers that Cardano and Solana are signaling bullish signals as the digital asset market heats up.

Pizzino points out that ADA leads the bull market alongside Solana and Ethereum. The token has seen significant volume over the past three weeks as it climbed back to the $ 2.95 price level and may currently consolidate above its previous high of $ 2.50.

The trader notes that the increase in weekly trading volume combined with a break above the previous all-time high holds promise for a further rise.

In the meantime, the volume for me [is a] good signal for the boom. We are potentially consolidating above historic highs. This is exactly what we want to see.

As for Ethereum’s competitor, Solana, he sees a story similar to that of ADA. Now that the smart contract platform has broken its previous high of $ 61 and is currently trading at $ 112, Pizzino wants to see a period of reflection above its previous high to establish a new level of support before restarting.

Solana [is] similar. As we have exploded, we have to rest at some point. And we have this good volume coming in, hitting new heights, that’s also good signs So we have the big volume [spike]. Will it take a bit of a break? Probably. You can only get up for a few weeks before taking a break.

Pizzino also stresses the importance of staying grounded when trading, as sky-high prices can often cloud investor judgment.

It’s going to be extremely loud out there in the crypto space, and it will just be chaos. People say, it can’t go down. The supercycles are there. Bitcoin will never see $ 100,000 again

Personally, I don’t think of it that way. That’s why I want to keep my feet on the ground, especially through the craziness of the crypto market, because four of those magic words that always ruin investors are:

This time it’s (that’s a word) different.

And if we’ve learned from history, it’s usually never so different.

I

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Featured Image: Shutterstock / Tithi Luadthong

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