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: Cardano continues to drop to 0.245

Solana and Cardano: Cardano continues to drop to 0.245

The price of Solana continues to struggle with support at the 22.00 level.
The price of Cardano fell to a new lower low this morning at the 0.245 level.

Solana chart analysis

The price of Solana continues to struggle with support at the 22.00 level. Yesterday, we saw a pullback to the 21.70 level, and there, we got new support that brought us back above the 22.00 level. Today’s consolidation takes place in the 22.00-22.40 range. Looking at the chart, we are on our way to visit the 22.40 resistance level. We need a break above to start a further recovery.

An additional resistance could be the EMA50 moving average, and we would have to cross that resistance too,  to gain its support. Potential higher targets are 22.60 and 22.80 levels. We need a negative consolidation drop below the 22.00 level for a bearish option. After that, we would be able to test the 21.60-21.80 support zone. Potential lower targets are 21.40 and 21.20 levels.

Cardano chart analysis

The price of Cardano fell to a new lower low this morning at the 0.245 level. Until then, we are in a sideways consolidation in the 0.245-0.247 range. The pressure is on the upper level, and we could expect to see a break above and the beginning of a more concrete recovery. Potential higher targets are 0.248 and 0.250 levels. The EMa50 moving average is in the zone around 0.254 levels.

We need a negative consolidation and a break below the 0.245 support level for a bearish option. Thus, we would see the formation of a new lower low and thereby confirm the bearish scenario. Potential lower targets are 0.244 and 0.242 levels.

The post Solana and Cardano: Cardano continues to drop to 0.245 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

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

    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...

    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...

    Latest News

    A week ago, a Jan. 6 defendant was arrested near Barack Obama’s in D.C. with what the government says was a machete, two guns...

    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 © 2023 deluxeinvestmentgroup.com