Solana and Cardano: Solana falls below the 21.40 level
- The price of Solana continues to fall lower and lower, forming a new low this morning at the 21.35 level.
- In the previous 24 hours, the Cardano price moved in the 0.245-0.249 range.
Solana Chart Analysis
The price of Solana continues to fall lower and lower, forming a new low this morning at the 21.35 level. The current consolidation tells us that we should see a continuation of the pullback to the bearish side with the formation of a new lower low. Potential lower targets are 21.20 and 21.00 levels. At the 21.00 level, we could expect to stop the fall and form a bottom.
We need a positive consolidation and a minimum return above the 21.80 level for a bullish option. After the gaobi, we are close to climbing and testing the 22.00 level. A breakthrough above would give us optimism that we have the strength for further recovery. Potential higher targets are 22.20 and 22.40 levels. Additional pressure in the zone around 22.20 levels in the EMA50 moving average.
Cardano Chart Analysis
In the previous 24 hours, the Cardano price moved in the 0.245-0.249 range. Now, we are currently testing the lower level and watching to see if the price will break below or stay above that level and get its support. With a price break below, we could initiate a larger pullback and the formation of a new lower low. Potential lower targets are 0.244 and 0.243 levels.
We need a positive consolidation and a jump to the 0.249 resistance level for a bullish option. A price break above could indicate further growth and a recovery in the price of Cardano. Potential higher targets are 0.250 and 0.251 levels. In the zone around 0.252, the price could encounter additional resistance and the EMA50 moving average.
