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

Solana and Cardano: Solana recovers to the $178.00 level

by July 24, 2024
written by July 24, 2024

Solana and Cardano: Solana recovers to the $178.00 level

Yesterday’s retreat of the Solana price was stopped at the $170.20 level. 
The price of Cardano fell to a new weekly low yesterday at the 0.403 level. 

Solana chart analysis

Yesterday’s retreat of the Solana price was stopped at the $170.20 level. After that, we consolidate in the $170.00-$174.00 range. This triggered a bullish impulse to the $177.00 level in the previous hour. With that, we moved above the EMA 50 moving average and got its support. Hopefully, we will have enough room to stabilize before we continue with our recovery. That would be great; potential higher targets are the $178.00 and $179.00 levels.

Otherwise, a bearish option requires Solana to pullback below $175.00 and the EMA 50 moving average. This gives us a picture that will form a lower high and confirm the bearish trend. At $173.00, we will test the daily open price, and if it does not hold, we will see a pullback to this week’s support zone. Potential lower targets are the $171.00 and $170.00 levels.

 

Cardano chart analysis

The price of Cardano fell to a new weekly low yesterday at the 0.403 level. After that, we saw consolidation and momentum up to the 0.420 level. Unfortunately, this is where we encounter resistance in the EMA 50 moving average and turn to the bearish side again. The price is now at 0.415 and facing the bearish side. Potential lower targets are 0.410 and 0.405 levels.

For a bullish option, the Cardano price would have to retrace above the EMA 50 and 0.420 levels. With new support, the price could continue its recovery. Potential higher targets are the 0.425 and 0.430 levels. Additional resistance in the 0.425 zone is at the EMA 200 moving average. Fortunately, with the support of the 200 EMA, the price would consolidate the bullish trend and could continue to grow to the bullish side.

 

The post Solana and Cardano: Solana recovers to the $178.00 level appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
EURUSD and GBPUSD: The Euro continues to fall under pressure
next post
June home sales slump as median sales price rises to $426,900

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

  • SCOOP: Mike Johnson meeting House Judiciary Committee as GOP mulls response to activist judges blocking Trump

    March 25, 2025
  • Judge allows lawsuit over Burger King’s Whopper ads to move forward

    May 7, 2025
  • Dem, GOP insiders both see major opportunity after Biden’s first solo presser in months

    July 13, 2024
  • Trump briefed on ‘real and specific threats’ from Iran to assassinate him, campaign says

    September 25, 2024
  • Biden approves $500M Ukraine security package 11 days before Trump takes office

    January 9, 2025

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

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

    July 19, 2024
  • 3

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

    December 4, 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 (5,924)
  • Investing (634)
  • Stock (921)

Latest Posts

  • Conservative ‘playbook’ to beat Democrats in court outlined in senator’s new book

    August 19, 2025
  • Who is the conservative ‘superstar’ lawyer and potential SCOTUS pick that will help in Eric Adams case?

    February 26, 2025
  • Trump administration cutting 90% of USAID foreign aid contracts, documents show

    February 27, 2025

Recent Posts

  • Mark Cuban tries to ‘clarify’ after comment on ‘The View’ widely seen as insult toward pro-Trump women

    November 1, 2024
  • Oil and natural gas: Gas drops to $2.25 this morning

    July 15, 2024
  • The great airlift: how Apple ferried 1.5M iPhones from India to the US to beat Trump tariffs

    April 10, 2025

Editor’s Pick

  • White House, family offer conflicting accounts if Biden’s health influenced decision to drop out

    July 22, 2024
  • House GOP doubts grow as Johnson digs in on funding fight: ‘Playing with a government shutdown’

    September 10, 2024
  • Treasury delays deadline for small businesses to file new form to avoid noncompliance fines

    December 27, 2024
  • 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