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

Solana and Cardano: Cardano under bearish pressure this week

by July 31, 2024
written by July 31, 2024

Solana and Cardano: Cardano under bearish pressure this week

Yesterday, the price of Solana retreated to $175.35. 
The price of Cardano has been under pressure since the beginning of this week, and it has failed to rise above the previous high. 

Solana chart analysis

Yesterday, the price of Solana retreated to $175.35. After Monday’s jump to $193.98, the price lost momentum and started a decline that was halted last night. We then managed to start a new bullish consolidation from there, and today, we climbed to the $184.50 level. Solana is again above the EMA 200 moving average, which reinforces the bullish option.

It’s important to note that we have potential higher targets at the $186.00 and $188.00 levels, which should instill confidence. However, we need to be mindful of bearish consolidation, a price drop below the EMA 200 moving average, and $178.00 for a bearish option. We are nearing the test of the daily low before continuing the pullback to a new lower low. Potential lower targets are $176.00 and $174.00 levels.

 

Cardano chart analysis

The price of Cardano has been under pressure since the beginning of this week, and it has failed to rise above the previous high. A three-day bearish consolidation brought the price down to 0.394 levels last night. After that, we saw a limited attempt to recover to the 0.405 level. We failed to move above the weekly open price, and Litecoin was forced to start a new pullback. It is now at the 0.400 level and on its way to visit the previous low.

Potential lower targets are 0.395 and 0.390 levels. For a bullish option, the price of Litecoin must initiate a bullish consolidation. By returning above the weekly open price, we get the support of the EMA 50 moving average to continue on the bullish side. Potential higher targets are 0.410 and 0.415 levels.

 

The post Solana and Cardano: Cardano under bearish pressure this week appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Ethereum continues to hold above weekly support at $3250
next post
SafeMoon and LItecoin: SafeMoon tests new weekly support

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

  • Trump says he’s ‘not happy’ with Putin after massive Ukraine strike

    May 26, 2025
  • Democratic lawmaker demands Musk, OPM stop sending mass emails to staffers: ‘Chaotic’

    February 28, 2025
  • Willow Bay, Bob Iger to take controlling stake in NWSL’s Angel City FC at a $250 million valuation

    July 17, 2024
  • Trump and Biden offer Christmas greetings as US approaches transfer of power

    December 25, 2024
  • Global Trade War: U.S. Tariffs and China’s Retaliation

    February 5, 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 (5,784)
  • Investing (634)
  • Stock (893)

Latest Posts

  • Trump, Harris focus on the future of America in closing ads of 2024 presidential campaigns

    November 5, 2024
  • Tennessee man charged with threatening to assassinate Biden, Harris and Obama in online posts

    August 24, 2024
  • Dogecoin and Shiba Inu: Dogecoin under pressure at EMA 200 

    August 13, 2024

Recent Posts

  • UK’s Starmer meets Trump at White House amid divide between US, Europe over Ukraine peace deal

    February 27, 2025
  • SafeMoon and Litecoin: New Weekly Support and Targets

    September 24, 2024
  • Vulnerable Democrats hammered with scathing ad handcuffing them to Mamdani, Jeffries

    August 13, 2025

Editor’s Pick

  • Gold and Silver: Gold encounters resistance at $2375 level

    July 10, 2024
  • Pentagon ‘fundamentally rejects’ ICC decision to issue arrest warrant for Netanyahu

    November 22, 2024
  • Early voting means ‘election season’ may begin very soon

    September 6, 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