Connect with us

Hi, what are you looking for?

Economy

Solana and Cardano: Cardano is holding above 0.2800

Solana and Cardano: Cardano is holding above 0.2800

The price of Solana continues to recover, and we climb above the 15.00 level. The price of Cardana is in a bullish trend for the fourth day in a row from 0.2200 to 0.2800 level.

Solana chart analysis

The price of Solana continues to recover, and we climb above the 15.00 level. It would be good if we moved above the 16.00 level; that way we would significantly move out of the unpleasant bearish zone. The price would have more freedom to continue the recovery, and the potential higher targets are the 16.50 and 17.00 levels.

We have additional resistance at the 17.00 level in the EMA50 moving average, and we must also jump over it if we want a longer-term bullish trend. We need a negative consolidation and pullback to the 14.50 level for a bearish option. Down there, we would already be on the way to visit the previous low. Potential lower targets are 14.00 and 13.50 levels.

Cardano chart analysis

The price of Cardana is in a bullish trend for the fourth day in a row from 0.2200 to 0.2800 level. We are now looking at the 0.2900 level as the next target. Above it is the 0.3000 level, where we encounter the EMA50 moving average, which could slow down or even stop further recovery.

We need a negative consolidation and a drop below the 0.2700 level for a bearish option. Thus, we would fall out of the rising channel, which could be interpreted as a bearish signal. The next major support zone is at the 0.2600 level, and we need a break below for a stronger bullish scenario. Potential lower targets are the 0.2500 and 0.2400 levels.

The post Solana and Cardano: Cardano is holding above 0.2800 appeared first on FinanceBrokerage.

Enter Your Information Below To Receive Free Trading Ideas, 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

    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