Connect with us

Hi, what are you looking for?

Alive Business PlanAlive Business Plan

Economy

Solana and Cardano: Solana stabilizes above the 24.00 level

Solana and Cardano: Solana stabilizes above the 24.00 level

During the weekend, the price of Solana was in a strong bullish consolidation.
Cardano’s price yesterday formed a new monthly high at the 0.270 level.

Solana chart analysis

During the weekend, the price of Solana was in a strong bullish consolidation. The beginning of the weekend started at the 20.00 level, and we ended on Monday morning at the 24.80 level. After that, the price makes a pullback and retreats to the $23.00 level. It gets support at that level and then starts a new positive consolidation and climbs again above the 24.00 level. Again, we encounter the 24.50-24.80 resistance zone.

We need a break above if we want to see a continuation to the bullish side. Potential higher targets are $25.00 and $25.50 levels. We need a negative consolidation and a new pullback to 23.00 previous support for a bearish option. A break below would form a new low and confirm the bearish scenario. Potential lower targets are 22.50 and 2.00 levels.

Cardano chart analysis

Cardano’s price yesterday formed a new monthly high at the 0.270 level. Growth stops at that level, and after that, we see a pullback to support at the 0.260 level. The price manages to get support at the level and starts a new bullish consolidation up to the 0.235 level. We need a continuation of this positive consolidation to revisit the previous high. Potential higher targets are 0.270 and 0.272 levels.

We need a negative consolidation and pullback to the 0.260 level for a bearish option. A break below would indicate a further pullback and a visit to lower support levels. Potential lower targets are 0.256 and 0.254 levels. Additional support in the zone around the 0.255 level is in the EMA50 moving average.

The post Solana and Cardano: Solana stabilizes above the 24.00 level appeared first on FinanceBrokerage.

Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    You May Also Like

    Editor's Pick

    Overview The world of business technology has evolved. Driven by the shift towards distributed work and cloud application delivery, enterprise infrastructure is undergoing a...

    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

    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...

    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...



    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