- Solana price yesterday retreated to the 102.00 level.
- Cardano price yesterday gave a bearish momentum to the level of 0.563.
Solana Chart Analysis
Solana price yesterday retreated to the 102.00 level. We kind of tested the EMA50 moving average there, which gave us support. We quickly rose to the 108.00 level and from there we started a positive rally to the 114.00 level where we are now. With the current bullish consolidation, we could continue the recovery and return to yesterday's levels. The highest potential targets are the 120.00 and 124.00 levels.
We need a negative consolidation and a further decline to the previous support at the 102.00 level for a bearish option. We could retest the support at the EMA50 moving average. A breakout below tells us that the price has no strength for further recovery and makes a fall the only option. Possible lower targets are the 100.00 and 96.00 levels.
Cardano Chart Analysis
Cardano price yesterday gave a bearish momentum to the level of 0.563. The hold there was very brief and we quickly returned to the 0.590 level. After that, we also get support there and start recovering towards 0.615 level. That is today's high that we will stop at for now and try to consolidate there. With the new support, we would begin a further recovery and the highest potential targets are the 0.625 and 0.630 levels.
We need a negative consolidation and a pullback to the 0.600 level for a bearish option. This would cause us to fall below the EMA50 moving average, which would increase pressure on Cardano price. We would be facing downwards again and the price could easily drop. The lowest possible targets are the 0.590 and 0.580 levels.
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