Connect with us

Hi, what are you looking for?


Solana and Cardano: Cardano climbed to 0.410 level today

Solana and Cardano: Cardano climbed to 0.410 level today

Last week, the price of Solana was forced down to the $122.18 level. 
Cardano’s price is successfully recovering from the fall to 0.356 level. 

Solana chart analysis

Last week, the price of Solana was forced down to the $122.18 level. After a short consolidation, a recovery from that level was initiated, and on Thursday, a new high was formed at the $151.15 level. After that, the price got tired of the rise and started a pullback. A new low was formed at the $137.50 level during the weekend. From there, the price moves with a bullish consolidation to the $145.00 level. Yesterday and today, the movement takes place in the $145.00-$149.00 range.

The current pressure is on the lower line, and we have the support of the EMA50 moving average. If it does not last, the next support is the EMA200 in the zone of $142.00 levels. Potential lower targets are $140.00 and $138.00 levels. We need an impulse above the $150.00 level for a bullish option. With this, we form a new weekly high and confirm that there is an increase in bullish momentum. Potential higher targets are $152.00 and $154.00 levels.


Cardano chart analysis

Cardano’s price is successfully recovering from the fall to 0.356 level. Last week, we saw a bullish consolidation and retracement above the EMA200 moving average. We continue on the bullish side this week and form a two-week high at the 0.409 level. Steady, bullish consolidation could push the price of Cardana to a new weekly high.

Potential higher targets are 0.415 and 0.420 levels. We need a negative consolidation and a price drop below the 0.400 level for a bearish option. With that step, we move away from the previous bullish path and move to the bearish side. Potential lower targets are 0.395 and 0.390 levels. Additional support is the EMA200 moving average in the weekly open price zone of 0.392.


The post Solana and Cardano: Cardano climbed to 0.410 level today 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Your email address will not be published.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

    Latest iteration of the Communications Service Provider (CSP) IoT Peer Benchmarking report from the world’s leading IoT analyst firm identifies the key trends shaping...

    Latest News

    Few congressional Democrats could muster a defense of President Joe Biden’s halting debate performance Thursday, opting instead to criticize former President Donald Trump for...


    A bitcoin exchange that collapsed 10 years ago after being hacked is set to return billions of dollars’ worth of the token to users — and...

    Editor's Pick

    In this interview, Ken Everett, CEO of Digital Matter, discusses the company’s strategic use of a channel reseller model to scale operations globally and...

    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