ADA, SOL and HYPE Face Consolidation Amid Momentum Exhaustion
Cardano (ADA), Solana (SOL) and Hyperliquid (HYPE) each recovered modestly after last week’s marketwide sell-off but are struggling to sustain gains. ADA rebounded from $0.55 to $0.56 before stalling below key resistance, with analysts highlighting the $0.54–$0.58 support zone as critical for any rebound toward $2.60. SOL holds above its $139 support, trading in a corrective Elliott Wave structure between $141 and $143, and eyeing the $148–$149 zone pending a clean breakout. Meanwhile, HYPE consolidates at $36–$38, with traders debating a move toward $45 if support holds or a dip to $32 on continued weakness. Spot volumes remain thin, and none of the tokens have confirmed sustained breakouts, signaling a cautious market entering a consolidation phase.
Neutral
The article outlines a market-wide consolidation where ADA, SOL and HYPE lack the volume and bullish catalysts needed for clear breakouts. Momentum exhaustion across key support and resistance levels suggests cautious trading rather than aggressive buying or selling. Historically, such phases can precede either a sustained rally when conditions improve or a deeper correction if support fails. Traders should watch for a decisive move above resistance or a breach of support to signal market direction.