- Solana price continues to fall further and further, forming a new low this morning at the 21.35 level.
- In the previous 24 hours, Cardano price moved in the range of 0.245-0.249.
Solana Chart Analysis
Solana price continues to fall further and further, forming a new low this morning at the 21.35 level. The current consolidation tells us that we should see a continuation of the pullback to the bearish side with the formation of a new lower low. Possible lower targets are the 21:20 and 21:00 levels. At the 21:00 level, we could hope to stop the decline and form a bottom.
We need positive consolidation and a minimum return above the 21.80 level for a bullish call. After the gaobi, we are close to going up and testing the 22:00 level. A move above that level would give us optimism that we have the strength for a further recovery. The highest possible targets are levels 22.20 and 22.40. Additional pressure in the area around 22.20 levels at the EMA50 moving average.
Cardano Chart Analysis
In the previous 24 hours, Cardano price moved in the range of 0.245-0.249. Now, we are currently testing the lower level and observing whether the price will go down or stay above that level and get its support. With a price drop below, we could initiate a larger retracement and the formation of a new lower low. The lowest possible targets are the 0.244 and 0.243 levels.
We need a positive consolidation and a jump to the 0.249 resistance level for a bullish option. A price break above could indicate further growth and recovery of Cardano price. The highest potential targets are the 0.250 and 0.251 levels. In the area around 0.252, the price could encounter additional resistance and the EMA50 moving average.
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