Connect with us

Hi, what are you looking for?

Smart Success Strategy – Investing and Stock NewsSmart Success Strategy – Investing and Stock News

Economy

Solana and Cardano: Solana retests 19.20 support level

Solana and Cardano: Solana retests 19.20 support level

The price of Solana retreated to the 19.20 level yesterday and thus found itself in the support zone again.
Cardano’s price continues to move sideways today.

Solana chart analysis

The price of Solana retreated to the 19.20 level yesterday and thus found itself in the support zone again. From there, we formed a new bullish consolidation and climbed up to the 19.80 level, where we encountered a new resistance. From that level, the price makes a new bearish consolidation and retreats to the 19.50 level. There is a good chance that we will see a further decline and continued retreat of the Solana price. Potential lower targets are 19.20 and 19.00 levels.

We need a positive consolidation and return above the 19.80 level for a bullish option. After that, the next resistance is at the 20.00 level because there, we also encounter the EMA50 moving average. A price break above would mean that we will see further recovery. Potential higher targets are 20.20 and 20.40 levels.

Cardano chart analysis

Cardano’s price continues to move sideways today. On the upside, we remain under pressure at the 0.260 level and the EMA50 moving average. We need a break above both levels to trigger a potential recovery. And possible higher targets are 0.262 and 0.264 levels.

We need a negative consolidation and a price drop to the 0.252 support level for a bearish option. A break below would give us the opportunity to test the support at the 0.250 level again. Failure to hold above will make another breakout lower, which would lead to the formation of a new lower low. Potential lower targets are 0.248 and 0.246 levels.

 

The post Solana and Cardano: Solana retests 19.20 support 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

    Editor's Pick

    The energy revolution is here to stay, and electric vehicles (EVs) have become part of the mainstream narrative. Despite geopolitical tensions and uncertainty, the...

    Editor's Pick

    Overview Mexico’s Sinaloa state hosts a number of prolific silver and gold mines, including McEwen Mining’s (TSX:MUX) El Gallo Complex, Americas Gold and Silver’s...

    Editor's Pick

    Uranium is an important energy sector commodity, and its rising value has attracted investor interest. 2023 has seen uranium prices solidly above the important...

    Investing

    A new survey shows that the presidential race between former President Donald Trump and President Biden is thin, but Biden faces a deficit in...

    Disclaimer: smartsuccessstrategy.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 smartsuccessstrategy.com