Solana and Cardano: Solano finds support at the 17.80 level
- Today’s support for the Solana price is at the 17.80 level.
- The price of Cardana is holding at the 0.245 level, forming today’s low.
Solana chart analysis
Today’s support for the Solana price is at the 17.80 level. We managed to consolidate at that level and start a bullish impulse up to 18.20. Now, we need to continue until 18.40 and try to stay up there. With the new impulse, we would have the opportunity to start further recovery and visit higher levels. Potential higher targets are 18.60 and 18.80 levels. Additional pressure could make the EMA50 moving average in the zone around 18.60.
We need a negative consolidation and a return to the 17.80 support level for the bearish option. A break below would increase pressure on Solana’s price and force it to continue on the bearish side. Potential lower targets are 17.40 and 17.20 levels.
Cardano chart analysis
The price of Cardana is holding at the 0.245 level, forming today’s low. After that, we see a slight recovery to the 0.248 level and expect to see a continuation towards the 0.250 level. Additional pressure in that zone creates the EMA50 moving average, and we need a break above it to start a recovery and get rid of that pressure. Potential higher targets are 0.255 and 0.260 levels.
We need a negative consolidation and price pullback below the 0.240 level for a bearish option. After that, we would return to the previous support zone and test the 0.237 level. A fall below it would form a new low and confirm a bearish option. Potential lower targets are 0.230 and 0.225 levels.