Solana and Cardano: Solana is holding above the 24.20

Today’s movement of the Solana price is in the 24.00-24.50 range. The price of Cardano has been holding above the 0.297 level for two days with the support of the EMA50 moving average.

Solana chart analysis

Today’s movement of the Solana price is in the 24.00-24.50 range. Yesterday, we tried to break above 25.00 but stopped at that level. From that place, we start a pullback to support at the 24.00 level. If we manage to stay above it, the price could initiate a bullish consolidation and retest 25.00, yesterday’s resistance level. Potential higher targets are 25.50 and 26.00 levels.

We need a negative consolidation and a break below the 24.00 support level for a bearish option. This would cause the price to start a further retreat and visit lower support levels. Potential lower targets are 23.50 and 23.00 levels.

Cardano chart analysis

The price of Cardano has been holding above the 0.297 level for two days with the support of the EMA50 moving average. We could now see another bullish consolidation and a return above the 0.300 level. Then, it would be necessary to try to stay up there so that we could start the recovery with a new impulse. Potential higher targets are 0.304 and 0.306 levels.

We need a negative consolidation and pullback to the 0.296 level for a bearish option. A break below would mean an increase in bearish pressure and a continuation of the Cardana price decline. Potential lower targets are 0.294 and 0.292 levels. We may also test the 0.290 level.

 

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