Connect with us

Hi, what are you looking for?

Economy

Solana Bulls Get Ready For Targets of $116.00 and $117.00

Solana Bulls Get Ready For Targets of $116.00 and $117.00

Yesterday, we watched the Solana price drop to $103.43.
Cardano’s price climbed up to the 0.566 level during the weekend.

Solana chart analysis

Yesterday, we watched the Solana price drop to $103.43. The price got that support and started a bullish consolidation that took us up to the $112.00 level by the end of the day. Today, we continue to grow and climb to the $115.17 level, forming a new February high. There are good chances that we will see a further increase in the price of Solana to higher levels. Potential higher targets are $116.00 and $117.00 levels.

We need a negative consolidation and a price drop below the 113.00 level for a bearish option. Should the price pull back below, Solana would be pressured to make a deeper pullback in search of new support. Potential lower targets are $112.00 and $111.00 levels. The EMA200 moving average is in the zone around the $105.00 level.

Cardano chart analysis

Cardano’s price climbed up to the 0.566 level during the weekend. This created a new two-week price high. After that, on Sunday, the price was retreating until Monday at the 0.530 level of support. We successfully consolidated there and initiated a bullish consolidation from that zone. That brought us back to testing the 0.566 level. We encounter new resistance at the same level and retreat to support at the 0.550 level.

Cardano successfully forms a higher low there and initiates a bullish consolidation, taking us up to the 0.560 level. We are now close to exerting new pressure on the 0.566 resistance level, and with a stronger impulse, we could jump above. Potential higher targets are 0.570 and 0.580 levels.

The post Solana Bulls Get Ready For Targets of $116.00 and $117.00 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Your email address will not be published.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

    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...

    Stock

    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...

    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...

    Stock

    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: Financetimereport.com, 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 Financetimereport.com