- Yesterday afternoon, Solana's price fell to the $142.00 level.
- Yesterday, Cardano price fell until it reached the support at 0.704.
Solana chart analysis
Yesterday afternoon, Solana's price fell to the $142.00 level. There, we encountered the EMA200 and stayed above it. With a fresh push, we were back above the $146.00 level, and from there, we started with a bullish consolidation above the $150.00 level. Today, we look for this consolidation to continue and rise to the $153.00 level.
Right now, we have resistance at this level and are heading back to the $151.00 support level. Here, we expect to get new support and move forward and recover. Before that we need to break the $153.00 level. If we succeed in this, we will have room for further growth. Possible higher targets are $154.00 and $155.00 levels. We need to pull back to this morning's support at $149.00 for a bearish option. By moving below, we drop to a new daily low and thus confirm Solana price weakness. Possible lower targets are $148.00 and $147.00 levels.
Cardano chart analysis
Yesterday, Cardano price fell until it reached the support at 0.704. There, we formed a new weekly low, after which we returned above the 0.735 level and the EMA200. We got stronger support at this level and started with an upward consolidation that took us above the 0.750 level. The price continued to rise to the 0.774 level and formed a new daily high there.
Right now, we have resistance at this level and we are pulling back to the 0.755 level. We are under some downward pressure and can expect a drop to a new support level. Possible lower targets are 0.750 and 0.7450 levels. For the bullish option, we need a continuation of the positive consolidation and a return above the 0.770 level. Thus, we get the opportunity to rise to a new daily level and confirm the continuation of the uptrend. Possible higher targets are 0.775 and 0.780 levels.
