Connect with us

Hi, what are you looking for?

Economy

Solana and Cardano: Cardano finds support at the 0.250

Cardano NFT Projects Upcoming

Solana and Cardano: Cardano finds support at the 0.250

  • Yesterday we saw a pullback in the Solana price to the 19.29 level.
  • Cardano’s price is recovering after this morning’s pullback to the 0.250 level.

Solana chart analysis

Yesterday we saw a pullback in the Solana price to the 19.29 level. After that, the price consolidated and returned above the 20.00 level. Below, we see consolidation and recovery to the 20.80 level. Now we expect to see a break above to start a further recovery. Potential higher targets are 21.50 and 22.00 levels. We could have additional resistance in the EMA50 moving average around the 22.00 zone.

We need a negative consolidation and price decline to the 20.00 support level for a bearish option. A break below would mean we can expect to see a continuation to the bearish side. Potential lower targets are 19.50 and 19.00 levels.

Solana chart analysis

Cardano chart analysis

Cardano’s price is recovering after this morning’s pullback to the 0.250 level. Today’s price high is 0.260, and for now, we are moving slightly below it. We need a break above if we want to continue the recovery. Potential higher targets are 0.265 and 0.270 levels. Additional support for Cardano is the EMA50 moving average in the zone, around 0.270.

We need a negative consolidation and pullback below the 0.255 level for a bearish option. After that, we can expect the price to visit the previous low at the 0.250 level again. A break below would reinforce the bearish flow and force the price to continue its retreat. Potential lower targets are the 0.245 and 0.240 levels.

The post Solana and Cardano: Cardano finds support at the 0.250 appeared first on FinanceBrokerage.

You May Also Like

Financial News

McCarthy’s Speakership Hangs in the Balance as House Greenlights Stopgap Funding Bill: A Defining Moment Looms In a stunning turn of events, the future...

Financial News

Conservatives Call for GOP Candidates to Step Aside After Second Debate: A Call to Streamline the Republican Race In a surprising turn of events,...

Financial News

Poll Unveils GOP Primary Voters’ Resounding Verdict on Best Republican Debate Performance In the midst of a heated Republican primary race, the GOP primary...

Financial News

Jeffries’ Strategic Maneuver: Outsmarting McCarthy to Avert Shutdown Crisis