Watch out for Cardano, Solana, and Ether Bulls as Altcoins Reclaim Dominance

Altcoin bulls are not slowing down as they collectively attempt to make an upward correction. While some are on the verge of making a U-turn from the red zone, a handful of altcoins are already in the green zone.

According to a recent observation from Santiment, a leading on-chain analytics platform, two altcoins have already succeeded in making a bullish turnaround.

It was also observed that four other altcoins were flashing a bullish signal.

Cardano (ADA) and Solana (SOL) are the two altcoins securing massive gains. ADA bulls successfully pushed the asset above the $0.5 price level. During the time of this report, ADA is trading for $0.52. While hourly losses are piling in, trading volume has surged by 44% over the last 24 hours.

On the other hand, Solana (SOL) is impressively closing in on the $110 price mark. Trading volume and market cap are up by 38% and 7%, respectively, over the last 24 hours.

Recall that SOL hit an all-time high of $260.06 in November 2021. SOL now trades at a press time price of $101.45. Over the last 30 days, SOL has secured gains of more than 73%.

It is worth noting that SOL’s year-to-date value has surpassed that of Bitcoin and every other asset within the top 20 category. Should the asset close above the $150 price mark, the quarter could see SOL retest its previous ATH.