• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Economy

Solana and Cardano: Cardano continues bullish option

by July 11, 2024
written by July 11, 2024

Solana and Cardano: Cardano continues bullish option

After yesterday’s jump in the price of Solana to $146.30, we were looking at a pullback to support at the $140.00 level. 
Cardano price rose to 0.395 this morning to a new weekly high. 

Solana chart analysis

After yesterday’s jump in the price of Solana to $146.30, we were looking at a pullback to support at the $140.00 level. Additional support in this zone is the EMA 200 moving average. This morning, from that level, we initiated a new positive consolidation up to $143.00. We expect to move above $144.00 and form a new daily high. Potential higher targets are $146.00 and $148.00 levels.

For a bearish option, we need a negative consolidation and a return to the crucial $140.00 level. There, we will retest support at the EMA 200 moving average. With new pressure on that level, an impulse below to a new daily low could easily happen. Potential lower targets are the $138.00 and $136.00 levels.

 

Cardano chart analysis

Cardano price rose to 0.395 this morning to a new weekly high. This week, we are moving in a stable bullish consolidation with the support of the EMA 50 moving average. Everything indicates that we will see a further continuation to the bullish side. A break above 0.400 would be an excellent indicator of the start of a further recovery. Potential higher targets are 0.410 and 0.420 levels.

Last week’s high is at the 0.423 level. For a bearish option, we need the initiation of a bearish consolidation up to the 0.390 level. There, we will first test the daily open price. A break below pushes us to the negative side and reinforces the bearish momentum. After that, Cardano could just retreat and look for new support. Potential lower targets are the 0.380 and 0.370 levels. Additional support for the price could be the EMA 200 moving average in the zone of 0.380 levels.

 

The post Solana and Cardano: Cardano continues bullish option appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Stock Market Outlook: US Stock Price Analyse
next post
ApeCoin and Akita Inu: ApeCoin is holding above 0.715

related articles

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Buy Bitcoin Under $100K Before The Next Bull...

April 22, 2025

BNB Price Surge Leads Crypto Gains as Bitcoin...

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

Gold Price Surge Hits $3,385 Amid Trade Tensions

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Senate approves Peter Hoekstra as next US ambassador to Canada

    April 9, 2025
  • Democrats in Congress mostly resist calling for Biden to drop out despite private concerns: reports

    July 10, 2024
  • ‘DOGE boys’: Dems fume over spending cut spree at rally outside Trump’s next potential target

    February 10, 2025
  • House Republicans claim ‘vindication’ after Hunter Biden guilty plea

    September 6, 2024
  • US to provide Ukraine with another $425M worth of supplies to help defend itself against Russia

    October 16, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,424)
  • Investing (593)
  • Stock (733)

Latest Posts

  • UPS Q2 earnings prove it overpays its drivers, investors flee

    July 23, 2024
  • Trump admin declares the Atlantic’s Signal article a ‘hoax’ after it drops ‘war plans’ rhetoric

    March 26, 2025
  • Stellar under pressure since Saturday drops to a new low

    August 27, 2024

Recent Posts

  • Musk spars with White House trade advisor Peter Navarro: ‘Dumber than a sack of bricks’

    April 8, 2025
  • House Dems suggest Trump is trying to bring back slavery in racially charged livestream: ‘Back to the fields’

    March 6, 2025
  • ApeCoin and Akita Inu: Akita Inu records a new weekly low

    September 26, 2024

Editor’s Pick

  • Gold Price Surge Hits $3,385 Amid Trade Tensions

    April 21, 2025
  • Upstart Holdings jumps over 45% after Q2 earnings beat estimates, Citi upgrade: Should you buy?

    August 7, 2024
  • Pro-Palestinian group ‘Abandon Biden’ changes to ‘Abandon Harris’ ahead of election

    August 24, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock