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Cardano and Solana slide, new pre-sale project raises nearly $11 million

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Disclosure: This article does not represent investment advice. The content and materials presented on this page are intended for educational purposes only.

After a strong weekly close, Cardano (ADA) and Solana (SOL) are down 3.35% and 2.68%, respectively. However, other coins remain on an uptrend. Notably, the Bitcoin Minetrix presale is approaching $11 million.

ADA and SOL correct but the uptrend remains

The recent slowdowns in ADA and SOL may not be of much concern, experts say.

ADA is currently down 3.35% in the last 24 hours and 6.14% this month, but is up 7.5% this week.

The move pushed Cardano towards a crucial intermediate resistance level, which initially formed at the start of the bear market but has recently come back into play.

Cardano and Solana slide, new pre-sale project raises nearly $11 million - 1

As the chart shows, ADA exploited support and resistance once before losing momentum and falling.

But with the crypto bull market on the horizon, this could indicate that prices are likely to correct sharply higher.

TradingView analyst FieryTrading believes a move up the range is imminent.

The analyst notes that ADA has broken out of a descending triangle, a telltale sign of an upward reversal. Due to this development, the coin will likely reach $0.67.

Cardano and Solana slide, new pre-sale project raises nearly $11 million - 2

Solana is down 2.68% over the past day. However, it is up 8.8% and 7.37% over the past week and month.

SOL recently broke through its intermediate resistance level.

The current pullback aims to retest the resistance level, turning it into support before a continuation of the uptrend.

Cardano and Solana slip, new pre-sale project raises nearly $11 million - 3

Analyst Ali Martinez predicts more gains for SOL, propelling it to between $150 and $165.

So, with the bullish macroeconomic outlook for Cardano and Solana, analysts are confident that the recent pullback could offer entries for bullish traders.

However, an alternative strategy is to invest in a basket of emerging coins with lower market capitalizations. These projects are more volatile and could see more gains.

One of them is Bitcoin Minetrix whose presale is closing in on $11 million.

Bitcoin Minetrix presale nears $11 million

Bitcoin Minetrix offers a simple cloud mining solution built on Ethereum for complete accessibility and market-leading security.

It works thanks to users buying and staking BTCMTX.

In return, they will receive Bitcoin mining credits and additional BTCMTX. They can then burn these credits to get mining power in the BTC cloud.

Cardano and Solana slide, new pre-sale project raises nearly $11 million - 4

There are no hardware requirements or upfront costs, making it suitable for all levels of crypto users.

In this sense, Bitcoin Minetrix democratizes Bitcoin mining, bringing it closer to the initial ideology of the creator of Bitcoin, Satoshi Nakamoto.

Another advantage is its robust security measures. The decentralized and transparent nature of BTCMTX eliminates the risk of scams, a problem that has prevented mass adoption of cloud mining in the past.

Users enjoy full control over their assets, simply placing them in the Bitcoin Minetrix smart contract and choosing the duration.

BTCMTX is available for $0.0134 at this stage of the presale.

Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users should conduct their own research before taking any action related to the company.

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