Cardano (ADA), Solana (SOL), ApeCoin

• Cryptocurrencies had a great week as the market cap soared to $1.25 trillion.

• Ripple prevailed when a judge ruled that XRP was not a financial security.

• Bitcoin and other altcoins bounced back this week.

Cryptocurrencies had a very good week after the weak US inflation data and after the SEC vs Ripple case outcome. Ripple price surged by more than 70% while the market cap of all cryptocurrencies jumped to over $1.25 trillion. Here is the weekend prediction for key coins like Cardano, Solana, and ApeCoin.

Cardano price prediction

Cardano ADA price made a strong bullish breakout after the SEC vs Ripple news, which we wrote about here. It jumped to a high of $0.375, the highest level since June 4th. This rally happened because the SEC had singled out Cardano as a financial security. As such, there is a likelihood that Cardano and its developers would prevail if the SEC brought charges.

The Ripple case is a monumental development in establishing that a token is separate and distinct from an investment contract it may or may not be part of. Now, let’s make it law. 👇 pic.twitter.com/FZtO1BzfWX

— Tom Emmer (@GOPMajorityWhip) July 13, 2023

Turning to the daily chart, we see that the Cardano price was in a consolidation phase before the Ripple news. It was consolidating at an important support level of $0.30, which was the lowest point on March 12th. 

Now, Cardano has moved slightly above the 50-day moving average. It is also trading at the 200-day moving average. Therefore, while the bullish comeback has eased, there is a likelihood that it will continue rising as buyers target the next key resistance level at $0.42, which is about 20% above the current level.

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Solana price prediction

Solana has been one of the top-performing cryptocurrencies this week. The coin jumped to a high of $32.20, the highest level since November last year. It has risen in the past three straight days.

SOL price has jumped above the important resistance level at $25.83, the highest level on April 17th. The coin has also risen above the 50-day and…