- The price of Solana continues its upward trend, rising yesterday to levels of 125.97.
- Today we see a pullback in Cardano price from the 0.635 level to the 0.600 level.
Solana Chart Analysis
The price of Solana continues its upward trend, rising yesterday to levels of 125.97. In the Solana chart we do not see the volatility of other cryptocurrencies. After forming yesterday's high, the price returned to the 110.00 level, looking for that support. It did and recovered slightly to the 115.00 level. Now we need new momentum to start a bullish consolidation. The highest potential targets are the 120.00 and 124.00 levels.
For a bearish option, we need a break below the 108.00 level. With that, we would retrace below this week's low and confirm the bearish presence on the chart. The lowest possible targets are the 104.00 and 100.00 levels. The moving average EMA50 is in the area around the 100.00 level.
Cardano Chart Analysis
Today we see a pullback in Cardano price from the 0.635 level to the 0.600 level. The price is breaking below the EMA50 moving average, but now we are back above it and trying to break below the EMA50. If we achieve this, we will see positive consolidation and the Cardano price rising to higher levels. The highest potential targets are the 0.620 and 0.630 levels.
For a bearish option, we need a return below the EMA50 and a retest of the 0.600 level. A break below would take us to yesterday's low at 0.590. The inability to stay above leads to a retracement downwards and the formation of a new low. The lowest possible targets are the 0.580 and 0.570 levels. The minimum price of Cardano last week was at the level of 0.544.
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