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

Solana and Cardano: Solana fails to stay on the bullish side

by August 13, 2024
written by August 13, 2024

Solana and Cardano: Solana fails to stay on the bullish side

The price of Solana is in retreat after it rose to $163.70 on Friday. 
On Sunday, the price of Cardano once again moved back below the EMA 200 moving average.

Solana chart analysis

The price of Solana is in retreat after it rose to $163.70 on Friday. Over the weekend, the price tried to hold above $152.00 but was unsuccessful in doing so. By falling below, we also went below the EMA 200 moving average, which strengthened the bearish momentum to the $141.50 level. On Monday, Solana managed to stabilize there and recover to $150.00. There, we met the EMA 200 again and again failed to move above its line.

Today’s movement takes place in the $143.00-$148.00 range. Soon, we could see a new impulse that indicates the future trend. A return above $152.00 opens the door to the bullish side. After that, we would have to stabilize there before starting further growth to the bullish side. Potential higher targets are the $154.00 and $156.00 levels.

 

Cardano chart analysis

On Sunday, the price of Cardano once again moved back below the EMA 200 moving average. Before that, we had an attempt at bullish consolidation on Saturday to the 0.357 level. The inability to continue on the bullish side triggered a bearish consolidation to 0.327. On Monday, we managed to stabilize. We saw a new recovery attempt, which was stopped at the 0.345 level. With the 200 EMA pressure from the upside, we did not have enough strength to move above.

Cardano started to pull back again and fell to the 0.333 level today. Pressure is growing, and we expect further pullback and the formation of a new daily low. Potential lower targets are the 0.330 and 0.325 levels. For a bullish option, we need a positive consolidation and a jump to the 0.345 level. Then, we need to stabilize there if we want EMA 200 moving average support. Potential higher targets are the 0.350 and 0.355 levels.

 

The post Solana and Cardano: Solana fails to stay on the bullish side appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Kamala Harris’ campaign criticizes Trump for serving ‘self-obsessed rich guys’ after interview with Elon Musk
next post
SafeMoon and Litecoin: Litecoin exceeds last week’s high

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 allies push for more White House control over Congress’ purse strings

    December 16, 2024
  • Amazon is stepping up to fill a gap in Hollywood’s movie slate

    May 1, 2025
  • ‘No such promise’: Johnson blasts Dem accusations he vowed to end ObamaCare as ‘dishonest’

    October 30, 2024
  • UN prepping for spending cuts as DOGE roots out waste in US, internal docs show

    March 7, 2025
  • Feds accused of destroying Epstein evidence put on notice by GOP firebrand

    March 14, 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 (6,015)
  • Investing (634)
  • Stock (924)

Latest Posts

  • Trump faces influence test at Mar-a-Lago with warring House GOP factions: ‘How do we move forward?’

    January 10, 2025
  • SCOOP: Blue state Republican could oppose Trump tax bill over Medicaid changes

    June 28, 2025
  • Biden blocks Japan’s Nippon Steel from $15 billion takeover of U.S. Steel

    January 6, 2025

Recent Posts

  • Climate lawfare is running into a powerful force liberals didn’t expect

    February 10, 2025
  • Stellar and Bitcoin Cash: Stellar has dropped to a new low

    August 15, 2024
  • Trump pressures 4 GOP senators ahead of anti-Canadian tariff vote, accusing them of ‘TDS’

    April 2, 2025

Editor’s Pick

  • How Trump and Speaker Johnson could force the Senate to adjourn, allow recess appointments

    November 19, 2024
  • Taliban frees American hostage George Glezmann following negotiations with US, Qatar

    March 20, 2025
  • Amazon sued by D.C. AG for allegedly excluding neighborhoods from Prime delivery

    December 5, 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