- Solana price moves sideways for the fifth consecutive day in the 19.30-19.80 range.
- Cardano price is recovering after yesterday’s pullback to the 0.241 level.
Solana Chart Analysis
Solana price moves sideways for the fifth consecutive day in the 19.30-19.80 range. We are currently at the 19.30 support level, while bearish pressure is slowly increasing the longer we stay at that level. This could lead to a break below, the formation of a new low and the confirmation of a bearish option. The lowest possible targets are the 19.00 and 18.80 levels.
For a bullish option, we need a positive consolidation and a price return above the 19.60 level. After that, we could test the opening at the 19.80 level. A break above would be very beneficial for us to continue on the bullish side. The highest potential targets are the 20.00 and 20.20 levels.
Cardano Chart Analysis
Cardano price is recovering after yesterday’s pullback to the 0.241 level. From there, we see the beginning of a bullish consolidation and a price recovery to the 0.247 level. We need a break above if we want to see a continuation to the bullish side. This would give us support at the EMA50 moving average. After that, the price would have a chance to start a further recovery. The highest potential targets are the 0.249 and 0.250 levels.
We need a negative consolidation and a return to the support zone at the 0.243 level for a bearish option. A break below would indicate that the price has no strength to recover and that we continue to retreat to lower levels. The lowest possible targets are the 0.240 and 0.239 levels.
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