Connect with us

Hi, what are you looking for?

The Freedom RightThe Freedom Right

Economy

Solana and Cardano: Cardano goes up to 0.280 yesterday

Solana and Cardano: Cardano goes up to 0.280 yesterday

Yesterday, we saw a new jump in the price of Solana up to the 22.00 level.
The price of Cardana jumped to the 0.280 level yesterday and formed a new two-week high there.

Solana chart analysis

Yesterday, we saw a new jump in the price of Solana up to the 22.00 level. There, we encounter resistance, and the price retreats to the 21.50 level. For now, we have support at that level and are trying to stay at that level. A break below would mean a pullback of Solana to the 21.00 level. Additional support in that zone is in the EMA50 moving average.

A break below would add to the bearish pressure and send the price even lower. Potential lower targets are 20.50 and 20.00 levels. For a bullish option, we need a positive consolidation from this position and a jump to the 22.00 level again. Then we need a breakout above and try to hold up there. Potential higher targets are 22.50 and 23.00 levels.

Cardano chart analysis

The price of Cardana jumped to the 0.280 level yesterday and formed a new two-week high there. After that, the price makes a pullback and goes down to 0.265 leva support. We are now moving in that zone, and we could expect to see another bullish consolidation. We need to go back above the 0.270 level and form a new bottom there. From there, we could start further recovery. Potential higher targets are 0.280 and 0.285 levels.

We need a negative consolidation and a break below the 0.265 support level for a bearish option. After that, we could visit the previous low at the 0.260 level. A further drop below would mean the formation of a new low and thereby confirm the bearish continuation. Potential lower targets are the 0.255 and 0.250 levels.

The post Solana and Cardano: Cardano goes up to 0.280 yesterday 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

    Investing

    Vermont Sen. Bernie Sanders, 81, defended President Biden, 80, against voter critiques that he lacks the energy and vigor to continue leading the United...

    Editor's Pick

    By the IoT Analytics team. A new report from IoT Analytics highlights eight notable trends helping to advance and promote digital twins. Four of...

    Stock

    A second delivery driver has died in Texas amid record-high temperatures, just as the regulation of workplace heat safety enters a new legal limbo...

    Investing

    Political advisers to both President Biden and Vice President Harris were reportedly annoyed with Democrat California Gov. Gavin Newsom over a planned debate with...

    Disclaimer: thefreedomright.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 © 2020-2024 The Freedom Right. All Rights Reserved