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 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.

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