Revenue Agenda
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Revenue Agenda
No Result
View All Result
Home Economy

Solana and Cardano: Solana loses momentum again

admin by admin
September 4, 2024
in Economy
0
Solana and Cardano: Solana loses momentum again
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Solana and Cardano: Solana loses momentum again

  • On Monday, the price of Solana retreated to a higher weekly low at the 127.00 level
  • Over the weekend, the Cardano price continued to pull back, and on Monday morning, we saw a new low formed at 0.325

Solana chart analysis

On Monday, the price of Solana retreated to a higher weekly low at the 127.00 level. After that, the price stabilized and initiated a bullish consolidation above $134.00 and the EMA 50 moving average. Continuing this consolidation, this morning, we climbed to the $137.50 level, a new weekly high. However, we did not have enough bullish momentum, and a pullback to the $133.50 level was initiated.

Here, we will try to find support in the EMA 50 moving average to keep us on the bullish side. After that, we should see another bullish consolidation of Solana’s price and a rise above $136.00. Potential higher targets are the $138.00 and $140.00 levels. The EMA 200 moving average is waiting for us in the $140.00 zone and could be a big obstacle to continuing on the bullish side.

 

Cardano chart analysis

Over the weekend, the Cardano price continued to pull back, and on Monday morning, we saw a new low formed at 0.325. After that, the bearish momentum weakened, and the price slowly started to recover. This morning, we had the formation of a daily high at the 0.340 level, after which we again turned to the bearish side. Additional pressure created a retracement below the EMA 50 moving average.

Cardano was forced to make a new pullback and return to the 0.329 level. Now, we are back in the support zone and close to yesterday’s low. A new impulse below would create a new low and thus strengthen the bearish momentum. Potential lower targets are the 0.320 and 0.315 levels. We need a return above the EMA 50 and the 0.340 level for a bullish option. Then, we must hold ourselves there to continue our further growth. Potential higher targets are the 0.345 and 0.350 levels.

 

The post Solana and Cardano: Solana loses momentum again appeared first on FinanceBrokerage.


Previous Post

Ripple and Tron: Tron descends to a new weekly low

Next Post

ApeCoin and Akita Inu: ApeCoin tries to retain new support

Next Post
ApeCoin and Akita Inu: ApeCoin tries to retain new support

ApeCoin and Akita Inu: ApeCoin tries to retain new support

  • Trending
  • Comments
  • Latest
Top 10 Potash Countries by Production (Updated 2024)

Top 10 Potash Countries by Production (Updated 2024)

August 21, 2024
Top 10 Phosphate Countries by Production (Updated 2024)

Top 10 Phosphate Countries by Production (Updated 2024)

August 1, 2024
Top 10 Uranium-producing Countries (Updated 2024)

Top 10 Uranium-producing Countries (Updated 2024)

November 6, 2024
7 Biggest Lithium-mining Companies in 2024

7 Biggest Lithium-mining Companies in 2024

September 18, 2024
Thick zones of HM mineralisation observed across Douala HM Project

Thick zones of HM mineralisation observed across Douala HM Project

0
New Hampshire Gov. Sununu signs $15.2B ‘miracle’ budget into law

New Hampshire Gov. Sununu signs $15.2B ‘miracle’ budget into law

0

Pennsylvania House clears tax credits for new teachers, nurses, police officers

0
Evers signs bipartisan sales tax bill aimed at sparing Milwaukee from bankruptcy

Evers signs bipartisan sales tax bill aimed at sparing Milwaukee from bankruptcy

0
Thick zones of HM mineralisation observed across Douala HM Project

Thick zones of HM mineralisation observed across Douala HM Project

June 23, 2025
Canada Makes Tech Leadership Moves: Axl Launches, Carney Shares Priorities at G7 Summit

Canada Makes Tech Leadership Moves: Axl Launches, Carney Shares Priorities at G7 Summit

June 23, 2025
Blue Lagoon Secures $2 Million Line of Credit from Nicola Mining Enhancing Financial Flexibility Ahead of Production

Blue Lagoon Secures $2 Million Line of Credit from Nicola Mining Enhancing Financial Flexibility Ahead of Production

June 23, 2025
LaFleur Minerals Advancing Restart of Beacon Gold Mill and Bulk Sample for Swanson Gold Project

LaFleur Minerals Advancing Restart of Beacon Gold Mill and Bulk Sample for Swanson Gold Project

June 23, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

Error: Contact form not found.

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!

Recent News

Thick zones of HM mineralisation observed across Douala HM Project

Thick zones of HM mineralisation observed across Douala HM Project

June 23, 2025
Canada Makes Tech Leadership Moves: Axl Launches, Carney Shares Priorities at G7 Summit

Canada Makes Tech Leadership Moves: Axl Launches, Carney Shares Priorities at G7 Summit

June 23, 2025
Blue Lagoon Secures $2 Million Line of Credit from Nicola Mining Enhancing Financial Flexibility Ahead of Production

Blue Lagoon Secures $2 Million Line of Credit from Nicola Mining Enhancing Financial Flexibility Ahead of Production

June 23, 2025
LaFleur Minerals Advancing Restart of Beacon Gold Mill and Bulk Sample for Swanson Gold Project

LaFleur Minerals Advancing Restart of Beacon Gold Mill and Bulk Sample for Swanson Gold Project

June 23, 2025
  • About us
  • Privacy Policy
  • Terms & Conditions
  • About us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 revenueagenda.com | All Rights Reserved

No Result
View All Result
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy

Copyright © 2025 revenueagenda.com | All Rights Reserved