Connect with us

Hi, what are you looking for?

Economy

Solana and Cardano: Solana is testing the EMA200 at $145.00

Solana and Cardano: Solana is testing the EMA200 at $145.00

The price of Solana failed to reach the $160.0 level yesterday. 
The price of Cardano fell to a new weekly low this morning at the 0.437 level. 

Solana chart analysis

The price of Solana failed to reach the $160.0 level yesterday. It stopped at $159.18, followed by bearish consolidation and a drop to $145.00. We will try to get support from the EMA200 moving average here, and if we fail, a continuation to the bearish side will follow. Potential lower targets are the $140.00 and $135.00 levels.

For a bullish option, we need EMA200 support and to hold above the $145.00 level. If we succeed in this, we can hope to see the initiation of positive consolidation and the release of bearish pressure. With the return above $150.00, we also get support from the EMA50 moving average, which further supports the bullish option. Potential higher targets are $152.50 and $155.00 levels.

Cardano chart analysis

The price of Cardano fell to a new weekly low this morning at the 0.437 level. Since then, we haven’t moved much and are hovering around the 0.440 level. Bearish pressure is still current, and we can expect a drop to a new daily low. Potential lower targets are 0.435 and 0.430 levels. Last week’s low price of Cardana was at the 0.418 level.

For a bullish option, we need a positive consolidation and stabilization above the 0.445 level to begin with. After that, we will form a bottom there, and from there we can expect a continuation to the bullish side. Potential higher targets are 0.450 and 0.455 levels. Additional higher price resistance of Cardano could be found in the EMA200 and the 0.455 zone. If we climb above 0.460, we return to the positive side by moving above the weekly open price.

The post Solana and Cardano: Solana is testing the EMA200 at $145.00 appeared first on FinanceBrokerage.

Enter Your Information Below To Receive Free Trading Ideas, 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

    Gmatrixs ICO: Empowering Blockchain Game Development with New Solutions   The game industry has long recognized the importance of a robust game Publishing Platform,...

    Editor's Pick

    The Internet of Things (IoT) is becoming increasingly ubiquitous. Yet, with more devices connected, the opportunities for businesses to innovate and improve their operations...

    Economy

    Morpheus ICO: Streamlining Global Logistics with MRP Token Morpheus.Network, a pioneering blockchain-based platform, has set its sights on revolutionizing the logistics industry. The company...

    Latest News

    North Carolina Republicans say they are closing in on a state budget deal, with top House and Senate leaders acknowledging on Monday an income...

    Disclaimer: Greycardinalbussiness.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 Greycardinalbussiness.com