Solana and Cardano: Cardano is rising above the 0.3100
The price of Solana once again found itself above the 25.00 level. The price of Cardana rose to the 0.3120 level today.Solana chart analysis
The price of Solana once again found itself above the 25.00 level. Today’s resistance is at the 25.50 level, and we need a break above to continue on the bullish side. Potential higher targets are 26.00 and 26.50 levels. In such a scenario, the price of Solana would have a good predisposition to start a longer-term bullish trend.
We need a negative consolidation and price pullback to the 24.50 level for a bearish option. Thus, we would drop below the EMA50 moving average, which could further increase the bearish pressure on the Solana price. The next support level is at 24.00, and we need a break below to continue to the bearish side. Potential lower targets are 23.50 and 23.00 levels.
Cardano chart analysis
The price of Cardana rose to the 0.3120 level today. For now, we have resistance at that level and are going down to the 0.3100 level. Additional price support is provided by the EMA50 moving average, and we need to hold above it in order to initiate a new bullish consolidation. Potential higher targets are 0.3140 and 0.3150 levels.
We need a negative consolidation and pullback below the 0.3100 level for a bearish option. After that, we would fall below the EMA50 moving average, which would increase the bearish pressure. In the future, we could expect a further pullback in the price of Cardana. Potential lower targets are 0.3050 and 0.300 levels.
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