Solana and Cardano: Solana returns below the $135.00 level

• On Saturday, the price of Solana retreated to the $133.00 level.
• Cardano dropped to 0.445 level on Saturday.

Solana chart analysis

On Saturday, the price of Solana retreated to the $133.00 level. With that, we fell to a new weekly low. After that, we saw a consolidation first around the $136.00 level, then with a couple of bullish impulses, the recovery was started, and on Sunday morning, we climbed to the $144.50 level. We stopped there, and Solana did not have the strength to start further recovery. From there, we see the initiation of a new bearish consolidation and a price drop on Monday to the $133.50 support level.

We get new support there, and this morning, we climbed up to the $140.00 level. We encounter new resistance in that zone and a real pullback to the $135.00 level. The price is once again under bearish pressure, and we expect a new test of yesterday’s support. Potential lower targets are $133.00 and $132.00 levels.

Cardano chart analysis

Cardano dropped to 0.445 level on Saturday. There, a new weekly low was formed, at which we stopped. After that we see the initiation of bullish consolidation up to the $0.478 level. We formed a new high there, but we didn’t have the strength to continue. Additional pressure at 0.480 makes the EMA200 moving average, and Cardano starts to pull back from there.

On Monday morning, we first fall below the 0.460 level, then to a new daily low at the 0.447 level. There, we get new support and initiate a bullish consolidation up to the 0.465 level.

We remain under bearish pressure because we did not manage to hold on there but retreated again to the 0.450 level. Cardano is now in a support zone, and a new impulse could send it below. Potential lower targets are 0.445 and 0.440 levels.