Solana and Cardano: Solana is approaching the 25.00 level
- Today, we see the continuation of the bullish trend of Solana’s price up to the 24.97 level.
- The price of Cardano has returned to the zone around the 0.300 level.
Solana chart analysis
Today, we see the continuation of the bullish trend of Solana’s price up to the 24.97 level. For now, we have resistance at that level, and the price is pulling back slightly to the 24.80 level. We may see a little more pullback until we find new support and start a jump above the 25.00 level. We will then need to hold above there before continuing further to the bullish side. Potential higher targets are 25.20 and 25.40 levels.
We need a negative consolidation and a pullback to the 24.50 level for a bearish option. Thus, we would fall below the previous support, which would negatively impact further movement. Potential lower targets are 24.20 and 24.00 levels.
Cardano chart analysis
The price of Cardano has returned to the zone around the 0.300 level. For now, we have resistance at that level and manage to stay around the 0,300 level. The price managed to break through the 0.300 level yesterday, but a bearish consolidation followed and a retreat to the 0.296 level. Based on today’s picture, we could expect to see continued bullish side and further recovery. Potential higher targets are 0.305 and 0.310 levels.
We need a negative consolidation and price pullback to the 0.290 level for a bearish option. After that, we could see the price pull back from the previous support zone. Potential lower targets are 0.285 and 0.280 levels.
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