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

Solana and Cardano: Cardano in lateral consolidation

by July 23, 2024
written by July 23, 2024

Solana and Cardano: Cardano in lateral consolidation

The price of Solana rose to the $185.00 level on Sunday evening. 
The price of Cardano fell to a new weekly low this morning at the 0.418 level.

Solana chart analysis

The price of Solana rose to the $185.00 level on Sunday evening. After forming this high, the price started to lose its previous bullish momentum. This led to the initiation of a bearish consolidation and a drop this morning to the $174.00 level. We managed to get support at that level and recover slightly to the $177.00 level. In this zone, we encounter the EMA 50 moving average.

By moving above it, the price of Solana would have the opportunity to initiate a stronger bullish consolidation. Potential higher targets are $180.00 and $182.00 levels. If we fail to do so, we expect to turn to the bearish side and form a new weekly low. Potential lower targets are $172.00 and $170.00 levels. Additional price support could be found in the 200 EMA in the $167.00 zone.

 

Cardano chart analysis

The price of Cardano fell to a new weekly low this morning at the 0.418 level. We are in a bearish trend for the second day, which led to a drop below the EMA 200 moving average and the 0.430 level. After the formation of this morning’s low, the price started a recovery to the 0.425 level. We will test the EMA 200 once again before we continue the trend.

Failure to move above will trigger another bearish consolidation, and we expect a new weekly low to form. Potential lower targets are the 0.415 and 0.410 levels. For a bullish option, we need an impulse above the EMA 200 and the 0.430 level. This brings us back to the positive side, and we can hope for a better bullish consolidation. Potential higher targets are the 0.435 and 0.440 levels.

 

The post Solana and Cardano: Cardano in lateral consolidation appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Top five moments from Secret Service director’s hours-long grilling after Trump assassination attempt
next post
Stellar and Bitcoin Cash falter at the start of the week

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

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

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

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

  • Pete Buttigieg blasts Trump after president excoriates him during press briefing

    January 31, 2025
  • Democrats in Congress mostly resist calling for Biden to drop out despite private concerns: reports

    July 10, 2024
  • Oil and natural gas: Oil under pressure at 77.00 level

    July 29, 2024
  • Colorado terror attack adds to alarming rise in US domestic terrorism

    June 2, 2025
  • Lloyd Austin says he would recommend Israel strike military targets

    October 23, 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

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

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,223)
  • Investing (634)
  • Stock (829)

Latest Posts

  • UnitedHealth CEO suddenly steps down for ‘personal reasons’

    May 13, 2025
  • Russian leader claims multiple countries prepped to provide Iran nuclear weapons following US strikes

    June 22, 2025
  • The great airlift: how Apple ferried 1.5M iPhones from India to the US to beat Trump tariffs

    April 11, 2025

Recent Posts

  • DAVID MARCUS: Big-brained Ramaswamy, Musk pick fight they can’t win

    December 28, 2024
  • Iran recruiting children to attack Israeli targets across Europe amid setbacks: report

    December 24, 2024
  • ‘Abandon Harris’ group endorses Jill Stein over ‘pro-genocide candidate’ Kamala Harris

    October 9, 2024

Editor’s Pick

  • With 27 days until voting starts, ‘election season’ kicks off sooner than you think

    August 10, 2024
  • 5 mistakes that doomed Kamala Harris’ campaign against Trump

    November 8, 2024
  • Elon Musk slated to speak at Trump pre-inauguration rally: report

    January 17, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

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