Connect with us

Hi, what are you looking for?

Deluxe Investment Group – Investing and Stock NewsDeluxe Investment Group – Investing and Stock News

Economy

Solana and Cardano: Solano finds support at the 17.80 level

Solana and Cardano: Solano finds support at the 17.80 level

Today’s support for the Solana price is at the 17.80 level.
The price of Cardana is holding at the 0.245 level, forming today’s low.

Solana chart analysis

Today’s support for the Solana price is at the 17.80 level. We managed to consolidate at that level and start a bullish impulse up to 18.20. Now, we need to continue until 18.40 and try to stay up there. With the new impulse, we would have the opportunity to start further recovery and visit higher levels. Potential higher targets are 18.60 and 18.80 levels. Additional pressure could make the EMA50 moving average in the zone around 18.60.

We need a negative consolidation and a return to the 17.80 support level for the bearish option. A break below would increase pressure on Solana’s price and force it to continue on the bearish side. Potential lower targets are 17.40 and 17.20 levels.

Cardano chart analysis

The price of Cardana is holding at the 0.245 level, forming today’s low. After that, we see a slight recovery to the 0.248 level and expect to see a continuation towards the 0.250 level. Additional pressure in that zone creates the EMA50 moving average, and we need a break above it to start a recovery and get rid of that pressure. Potential higher targets are 0.255 and 0.260 levels.

We need a negative consolidation and price pullback below the 0.240 level for a bearish option. After that, we would return to the previous support zone and test the 0.237 level. A fall below it would form a new low and confirm a bearish option. Potential lower targets are 0.230 and 0.225 levels.

 

The post Solana and Cardano: Solano finds support at the 17.80 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

    Latest News

    Florida Gov. Ron DeSantis (R) needs a massive infusion of cash in the next two months of the Republican presidential primary race to help...

    Editor's Pick

    ERP or Enterprise Resource Planning solutions help businesses of all sizes manage their daily business operations. First used in the 1990s, ERP systems have...

    Economy

    Amp’s 223.67% Leap: Analyzing the Sudden Spike The cryptocurrency community has recently been set abuzz by the phenomenal rise of Amp (AMP). Just in...

    Latest News

    The United States could be on track for a Joe Biden-Donald Trump rematch in 2024, but it’s the president’s son Hunter Biden who earned...

    Disclaimer: Deluxeinvestmentgroup.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 deluxeinvestmentgroup.com