Solana and Cardano: Cardano up to 0.3250 level this morning
Solana’s price maintains above the 25.00 level and the EMA50 moving average. Today’s high price of Cardana is 0.3250 level.Solana chart analysis
Solana’s price maintains above the 25.00 level and the EMA50 moving average. Today’s resistance is at the 96.50 level, and we need to move above it if we want to see the continued growth of the Solana price. Potential higher targets are 27.00 and 28.00 levels.
We need a negative consolidation and a drop to the 25.00 support level for a bearish option. A break below would be considered the start of a decline to lower support levels. Potential lower targets are 24.00 and 23.00 levels. For now, we are sticking to staying on the bullish side with the support of the EMA50 moving average.
Cardano chart analysis
Today’s high price of Cardana is 0.3250 level. This morning, we managed to break above the EMA50 moving average and move from the 0.3000 level. Now, we see a new pullback and a test of the EMA50 and the 0.3100 level. We need positive consolidation and a break above the 0.3200 level. Then we need to try to stay up there and with the next impulse to start the continuation of the recovery. Potential higher targets are 0.3300 and 0.3400 levels.
We need a negative consolidation and pullback below the EMA50 and 0.3100 levels for a bearish option. After that, we expect to see a drop to the 0.3000 support level. A break below leads to the formation of a new lower low and confirms the bearish trend. Potential lower targets are 0.2900 and 0.2800 levels.
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