- Solana price is currently very close to reaching the 60.00 level.
- Cardano price continues its decline since Saturday, forming a new low yesterday at the level of 0.341.
Solana Chart Analysis
Solana price is currently very close to reaching the 60.00 level. On Monday we saw a pullback to the 51.30 level, where we stopped and moved into a bullish consolidation from there. We had the first resistance at the 58.00 level and this morning we saw a break above it and a jump to the current level. We need a break above the 60.00 level so that we can continue to grow on the bullish side.
The highest potential targets are the 62.00 and 64.00 levels. We need a negative consolidation and a drop below the 56.00 support level for a bearish option. Thus we would have the possibility of forming a new low today, which would confirm the increase in bearish pressure on the price of Solana. The lowest possible targets are the 54.00 and 52.00 levels. Additional support for the price in the area around 52.00 was the EMA50 moving average.
Cardano Chart Analysis
Cardano price continues its decline since Saturday, forming a new low yesterday at the level of 0.341. We managed to get support at that level and start a bullish consolidation to the 0.360 level. After that, the price consolidated there and with new momentum, we started to continue the recovery above the EMA50 and 0.365 levels. Now, we need to hold on there to initiate a further recovery in Cardano price from there.
The highest potential targets are the 0.370 and 0.375 levels. We need a negative consolidation and a drop to the 0.350 support level for a bearish option. A break below puts more pressure on the price, after which we expect to see a drop to lower support levels. The lowest possible targets are the 0.345 and 0.340 levels.
ADDITIONAL VIDEO: Weekly summary of market news
!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=();t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)(0);s.parentNode.insertBefore(t,s)}(window,document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);fbq(‘init’,’504526293689977′);fbq(‘track’,’PageView’)
