- The Solana price fell this morning to the level of 18.85, thus confirming yesterday’s low.
- Cardano price continues to move sideways in the range of 0.243-0.247.
Solana Chart Analysis
The Solana price fell this morning to the level of 18.85, thus confirming yesterday’s low. Subsequently we see that the price consolidates at that level and begins an upward momentum that rises to the level of 19.15. This momentum could signal the beginning of a bullish recovery and further Solana price growth. The highest potential targets are levels 19.20 and 19.30. We will have an additional bullish option at the EMA50 moving average in the area around the level 19.40.
For a bearish option, we need a negative consolidation and a new pullback to level the support at 18.85. A fall below this level would lead to the formation of a new low and thus confirm the continuation towards the bearish side. The lowest possible targets are levels 18.80 and 18.70.
Cardano Chart Analysis
Cardano price continues to move sideways in the range of 0.243-0.247. For now, we managed to stay above the support zone and could expect to retest the upper 0.247 level of this channel. A break above could indicate that the price is preparing for further recovery and rising to higher levels. An additional stop in this zone is the EMA50 moving average. The highest potential targets are the 0.250 and 0.252 levels.
We need a negative consolidation and a price pullback to the 0.242 level for a bearish option. A drop below this price could trigger a deeper pullback and the formation of a new lower low. The lowest possible targets are the 0.240 and 0.238 levels.
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