Cardano is back above the 0.500 level

• Solana price continues to recover, breaking above the $100.00 level yesterday.
• Over the weekend, Cardano price successfully crossed the EMA200 moving average barrier.

Solana Chart Analysis

Solana price continues to recover, breaking above the $100.00 level yesterday. Today we expect a continuation with the formation of a new high at the level of $104.43. Solana could soon surpass $105.00. The EMA200 moving average has been supporting us since last Friday. The highest potential targets are the $106.00 and $108.00 levels.

For a bearish scenario, although it is not in sight, we need a pullback of Solana price below the $100.00 level. That would be the first sign that Solana is faltering and there is increasing bearish momentum. We would then watch the price drop and look for support at lower levels. The possible lower targets are the $98.00 and $96.00 levels. The EMA200 moving average is in the area around the $94.00 level.

Cardano Chart Analysis

Over the weekend, Cardano price successfully crossed the EMA200 moving average barrier. We saw a rise to the 0.500 level and had enough consolidation room to get support at the EMA200. That turned out to be true yesterday as in the afternoon we saw strong bullish consolidation and a jump in Cardano price to the 0.536 level.

This week's low was formed there and the price retreated slightly to the 0.530 level. The highest possible targets are the 0.540 and 0.545 levels. We need a price retracement below the 0.525 level for a bearish option. In this way, the bearish momentum would increase and Cardano would have to retreat. The lowest possible targets are the 0.520 and 0.510 levels.