- Solana price continues its recovery, rising above the $100.00 level yesterday.
- Over the weekend, Cardano price successfully crossed the EMA200 moving average barrier.
Solana chart analysis
Solana price continues its recovery, rising above the $100.00 level yesterday. Today, we look for a new high to continue forming at $104.43. Solana could soon move above the $105.00 level. The EMA200 has been supporting us since last Friday. Possible higher targets are $106.00 and $108.00 levels.
For the bearish scenario, although it is not on the horizon, we need Solana price to fall below the $100.00 level. This will be the first sign that Solana is faltering and that there is an increase in downward momentum. Below, we will watch prices decline and look for support at lower levels. Possible lower targets are $98.00 and $96.00 levels. The EMA200 is in the area around the $94.00 level.
Cardano chart analysis
Over the weekend, Cardano price successfully crossed the EMA200 moving average barrier. We saw a rise to the 0.500 level and had enough room to consolidate to get support at the 200 SMA. This proved to be true yesterday, as in the afternoon we saw a strong bullish consolidation and a jump in Cardano price to the 0.536 level.
This week's low was formed there, and the price fell slightly to the 0.530 level. Possible higher targets are 0.540 and 0.545 levels. We need the price to fall below the 0.525 level to get a bearish option. This way, the downward momentum will increase, and Cardano will have to pull back. Possible downside targets are 0.520 and 0.510 levels.
