Connect with us

Hi, what are you looking for?

Alive Business PlanAlive Business Plan

Economy

Solana and Cardano: Solana makes a push to the $19.30 level

Solana and Cardano: Solana makes a push to the $19.30 level

This morning, we saw a strong bullish impulse of the Solana price at the $19.30 level.
Cardano’s price was again at 0.252 in the morning, testing the previous resistance level.

Solana chart analysis

This morning, we saw a strong bullish impulse of the Solana price at the $19.30 level. We stayed there for a short time and then dropped at the support at the $18.60 level. For now, we are consolidating in that zone, and the pullback has stopped. Additional pressure on the price is also created by the EMA50 moving average around the $18.70 level.

We need a bullish impulse that would move us to the $19.00 level and thus initiate a new bullish consolidation. Potential higher targets are the $19.20 and $19.40 levels. We need a negative consolidation below today’s support at the $18.60 level for the bearish option. After that, we could expect to see a continuation of the Solana price retreat. Potential lower targets are $18.40 and $18.20 levels.

Cardano chart analysis

Cardano’s price was again at 0.252 in the morning, testing the previous resistance level. We still have resistance at that level, and Cardano is making a pullback to the 0.247 support level. Now, we need a new bullish impulse and a move above the 0.250 level. Thus, we would move above the EMA50 moving average and get its support for continuing to the bullish side. Potential higher targets are 0.254 and 0.256 levels.

We need a negative consolidation and price pullback below the 0.246 support level for a bearish option. After that, we look at the previous support in the zone around the 0.244 level. A break below would signal a bigger drop in the price of Cardano. Potential lower targets are 0.242 and 0.240 levels.

The post Solana and Cardano: Solana makes a push to the $19.30 level appeared first on FinanceBrokerage.

Enter Your Information Below To Receive Latest News, And Articles.



    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Economy

    Bitcoin Rebounds to $69,000 Quick Look Bitcoin rebounds to $69,000, influenced by optimistic FR statements and anticipation of the halving event. FR officials’ comments...

    Latest News

    Donald Trump’s defense attorneys Wednesday asked the federal judge handling the government’s classified documents case to allow the former president and his legal team...

    Economy

    0xDistro ICO (DISTRO) is Live. What does it offer? In the world of decentralized finance, 0xDistro emerges as a promising project. It presented itself...

    Economy

    Великобритания вышла из рецессии с ростом на 0,6 %, опередив прогнозы Краткий обзор: Экономика Великобритании выросла на 0,6 % в первом квартале, превысив прогнозы...



    Disclaimer: alivebusinessplan.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 alivebusinessplan.com