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: Solana fights to stay above 22.00

Solana and Cardano: Solana fights to stay above 22.00

The price of Solana continued its bullish consolidation this week as well.
The price of Cardano continues its two-day bullish consolidation with the formation of a high at the 0.2940 level.

Solana chart analysis

The price of Solana continued its bullish consolidation this week as well. We are currently very close to reaching the 22.46 level, the previous July high. If today’s consolidation continues, a break above could happen soon. This would mean forming a new higher high, with 22.75 and 23.00 levels as potential higher targets.

We need a negative consolidation and pullback to the 21.50 level for a bearish option. Thus, we would take the first step towards the bearish side. This could increase the bearish pressure on the price, and the potential lower targets are the 21.00 and 20.50 levels. Additional support at the 20.50 level is provided by the EMA50 moving average, where the pullback could end.

Cardano chart analysis

The price of Cardano continues its two-day bullish consolidation with the formation of a high at the 0.2940 level. The current consolidation tells us that a break above and the formation of a new higher high could happen. The price has support in the EMA50 moving average, which can be characterized positively for the continuation of the recovery. Potential higher targets are 0.2960 and 0.2980 levels.

We need a negative consolidation and price pullback below the 0.2860 level for a bearish option. Then we would fall below the EMA50 moving average and strengthen the bearish option. Potential lower targets are 0.2840 and 0.2820 support levels. The previous time in that zone, the price of Cardano managed to consolidate and start a new recovery.

 

The post Solana and Cardano: Solana fights to stay above 22.00 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

    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...

    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