Connect with us

Hi, what are you looking for?

Economy

Solana and Cardano: Solana is holding above the 20.40 level

Solana and Cardano: Solana is holding above the 20.40 level

The price of Solana remained stable above the 20.40 level. The price of Cardano continues to fall today until the 0.3610 level.

Solana chart analysis

The price of Solana remained stable above the 20.40 level. Additional support was provided by the EMA50 moving average. This could have a positive effect on the price movement. Potential higher targets are 21.00 and 21.20 levels. Depending on the momentum, we may also visit the previous resistance zone around the 21.40 level.

We need a negative consolidation and pullback below the 20.40 level for a bearish option. After that, we would see a further decline and a visit to lower support levels. Potential lower targets are 20.20 and 20.00 levels.

Cardano chart analysis

The price of Cardano continues to fall today until the 0.3610 level. Yesterday we encountered resistance at the 0.3780 level; the price stopped there and began to retreat. Price pressure is still very much present, which could result in further decline. Potential lower targets are 0.3580 and 0.3560, last week’s support levels.

We need a positive consolidation and a return to the 0.3650 level for a bullish option. A break above this level and staying up there could bring a reversal and increase the price of Cardano. Potential higher targets are 0.3700 and 0.3750 levels.

The post Solana and Cardano: Solana is holding above the 20.40 level appeared first on FinanceBrokerage.

You May Also Like

Latest News

President Biden is asking Congress to approve nearly $100 billion in emergency funding to aid recovery efforts for the recent deadly storms that ravaged...

Stock

One hallmark of secular bull markets is rotation. When leading stocks, sectors, and industry groups falter, there needs to be others that grab the...

Latest News

Vice President Kamala Harris spent a whopping $1.5 billion during her 15-week campaign that ended in defeat to President-elect Donald Trump, including burning through...

Latest News

Activists on Saturday demanded that the state of California pay millions of dollars to each Black resident in reparations as a way to make...



Disclaimer: Frequencytraders.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 Frequencytraders.com