Connect with us

Hi, what are you looking for?

Economy

Solana and Cardano: Solana is holding above the 19.20 level

Solana

Solana and Cardano: Solana is holding above the 19.20 level

  • The price of Solana is in a sideways movement for the fifth day in a row in the 19.30-19.80 range.
  • Cardano’s price is recovering after yesterday’s pullback to the 0.241 level.

Solana chart analysis

The price of Solana is in a sideways movement for the fifth day in a row in the 19.30-19.80 range. We are currently at the 19.30 support level, while the bearish pressure is slowly increasing the longer we stay around that level. This could lead to a breakout below, the formation of a new low, and confirmation of a bearish option. Potential lower targets are 19.00 and 18.80 levels.

For a bullish option, we need a positive consolidation and a return of the price above the 19.60 level. After that, we would be able to test the open at the 19.80 level. A break above would be very beneficial for us to continue on the bullish side. Potential higher targets are 20.00 and 20.20 levels.

Solana chart analysis

Cardano chart analysis

Cardano’s price is recovering after yesterday’s pullback to the 0.241 level. From that place, we see the beginning of bullish consolidation and price recovery to the 0.247 level. We need a break above if we want to see a continuation to the bullish side. This would give us support in the EMA50 moving average. After that, the price would have the opportunity to start a further recovery. Potential higher targets are 0.249 and 0.250 levels.

We need a negative consolidation and a return to the support zone at the 0.243 level for a bearish option. A break below would indicate that the price does not have the strength to recover and that we continue to retreat to lower levels. Potential lower targets are 0.240 and 0.239 levels.

Cardano chart analysis

The post Solana and Cardano: Solana is holding above the 19.20 level 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