Solana and Cardano: Solana rises to resistance at 21.00
- Yesterday’s growth of Solana was stopped at the 21.20 level.
- The price of Cardana continues with bullish consolidation for the seventh day in a row.
Solana chart analysis
Yesterday’s growth of Solana was stopped at the 21.20 level. After that, the price first consolidated around the 21.00 level, and then we saw a breakout below and a drop to the 20.80 level. We will likely see continued negative consolidation and pullback to lower support levels. Potential lower targets are 20.60 and 20.40 levels.
We need a positive consolidation and a return above $21.00 and above the EMA50 moving average for a bullish option. Above, we would get support in the EMA50 moving average and have a better position for the next impulse and continuation to the bullish side. Potential higher targets are 21.20 and 21.40 levels.
Cardano chart analysis
The price of Cardana continues with bullish consolidation for the seventh day in a row. This week’s high was formed yesterday at the 0.3805 level. After that, we had a minor pullback to the 0.3750 level, where we got support. The price then climbed to the 0.3800 level with a new bullish consolidation, and we are now in a position to test the previous high.
The price could break above and continue the recovery. Potential higher targets are 0.3820 and 0.3840 levels. If we see a pullback, the price could look for support at the 0.3700 level. Additional price support at that point is in the EMA50 moving average.