Connect with us

Hi, what are you looking for?


Exploring Solana and Cardano: 0.535 Price Rise This Morning

Exploring Solana and Cardano: 0.535 Price Rise This Morning

The price of Solana rose this morning to the $102.52 level.
The price of Cardano fell to a new low yesterday at the 0.474 level.

Solana chart analysis

The price of Solana rose this morning to the $102.52 level. Yesterday, we saw how the price received support at $95.00, and after that, a bullish consolidation was initiated. First, we climbed above the EMA200 and the $97.00 level.

Then Solana formed a new bottom there, followed by a bullish impulse and jumped to this morning’s high. After that, the price retreated to the $100.50 level, where it received new support.

From that level, we see a new bullish impulse that brings us back to the zone above the $102.00 level. A break above could easily happen soon, and potential higher targets are the $103.00 and $104.00 levels. For a bearish option, we need a drop in the price of Solana to test the $100.00 level.

Pressure at that level would introduce uncertainty into further recovery, and we would see a new drop below with the formation of a new low. Potential lower targets are $99.00 and $98.00 levels.

Cardano chart analysis

The price of Cardano fell to a new low yesterday at the 0.474 level. After stopping at that level, we see a bullish consolidation, a jump above 0.500 level, and above the EMA200 moving average. We get new support there, and the price rises with a new impulse up to the 0.535 level.

This week’s high was formed at that price level. After that, we start pulling back to the 0.520 level in the hope that we will find support there and stop the pullback.

A break below would increase the bearish momentum, forcing the price to look for support at lower levels. Potential lower targets are 0.515 and 0.510 levels. If we manage to hold above 0.520, the price could start testing this morning’s high at 0.535. Potential higher targets are 0.540 and 0.545 levels.


The post Exploring Solana and Cardano: 0.535 Price Rise This Morning appeared first on FinanceBrokerage.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Enter Your Information Below To Receive Latest News, And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    CSL, Critical IoT Connectivity experts, announce the launch of CSL Satellite. CSL Satellite provides Critical Connectivity to remote or challenging environments, where mobile or...

    Editor's Pick

    Enhancing and Broadening Managed Connectivity Solutions Across the Americas. OptConnect, a longtime leader in managed wireless services, today announced it has acquired Latin America-based...


    Honda said on Tuesday it was recalling 750,000 vehicles in the United States over a defect involving air bags which could deploy unintentionally during...


    Cruise, the driverless car company owned by General Motors is back in the spotlight after another close call with a pedestrian. The California DMV...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024