- Solana price breaks through the level 45.00 and forms a new high at the level 46.85.
- Cardano price is in a two-day uptrend and we are very close to testing the previous high at the 0.376 level.
Solana Chart Analysis
Solana price breaks through the level 45.00 and forms a new high at the level 46.85. We are very close to testing last week’s high price at 46.97. Soon we can expect a new break above and the formation of a new price high. The highest potential targets are the 47.50 and 48.00 levels.
Currently, the price is in strong bullish momentum and we expect to see continued growth, perhaps until the 50.00 level.
We need a negative consolidation and a pullback to the 45.00 support level for a bearish option. A fall below this price would cause Solana to enter the bearish zone and begin the continuation of the pullback.
The lowest possible targets are the 44.00 and 43.00 levels. The EMA50 moving average is even lower at the 41.00 level.
Cardano Chart Analysis
Cardano price is in a two-day uptrend and we are very close to testing the previous high at the 0.376 level. We are currently at 0.374 and could soon reach the previous price high. A break above is possible and we can expect it during the day. The highest potential targets are the 0.380 and 0.385 levels.
For a bearish option, we need a negative consolidation and a pullback to the previous support at the 0.365 level. A drop below this level would lead us to test the daily price low at the 0.360 level.
The increased bearish pressure that would arise in the meantime would influence us to see a new break below and the formation of the next low. The lowest possible targets are the 0.355 and 0.350 levels. The EMA50 moving average awaits us in the area around the support level of 0.340.
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