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

Solana and Cardano: Cardano triggers bearish consolidation

by August 27, 2024
written by August 27, 2024

Solana and Cardano: Cardano triggers bearish consolidation

On Friday, after a long time, Solana’s price managed to move and stabilize above the $144.00 level
On Saturday, the price of Cardano rose to the 0.402 level, where we formed last week’s high

Solana chart analysis

On Friday, after a long time, Solana’s price managed to move and stabilize above the $144.00 level. After that, we saw the start of a strong bullish consolidation and a jump on Saturday to the $162.36 level. Here, we have formed a two-week high, and for now, there is resistance to further continuation on the bullish side. From Sunday to today, the price is moving in a sideways consolidation in the $156.00-$162.00 range.

Currently, Solana is putting pressure on the lower level of this range and could make a breakout below to a new weekly low. Potential lower targets are $154.00 and $152.00 levels. The EMA 50 moving average is in a bearish position, which increases the negative pressure on the price. For a bullish option, we need a positive consolidation and a jump in the price of Solana above the $160.00 level. Then we would have to hold our own up there. After that, we can expect further growth on the bullish side. Potential higher targets are $162.00 and $164.00 levels.

 

Cardano chart analysis

On Saturday, the price of Cardano rose to the 0.402 level, where we formed last week’s high. After that, the price quickly began to lose momentum and initiated a pullback on Sunday. We tried to stabilize around the 0.385 level, but Monday’s Cardano pressure was heavy, pushing it down. Last night, we broke the support of the EMA 200 moving average, which further strengthened the bearish momentum.

A new weekly low was formed at the 0.360 level, and everything indicates that we will continue the retreat. Potential lower targets are 0.355 and 0.3500 levels. For a bullish option, we need a return of the Cardano price above 0.370 and the EMa 200 moving average. With the moving average’s support, the chances of a continuation to the bullish side are increasing. Potential higher targets are 0.375 and 0.380 levels.

 

The post Solana and Cardano: Cardano triggers bearish consolidation appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
2024 Countdown: Harris has post-DNC momentum but Trump is burning up campaign trail with 10 weeks left
next post
NYCB Stock Slumps: Regulatory Woes and Uncertain Recovery

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

  • India offers 9% tariff cut to fast-track $129 billion US trade deal

    May 9, 2025
  • The plane that crashed in South Korea is one of the world’s most popular aircraft

    January 2, 2025
  • Can Congress defund federal courts with key Trump budget process?

    March 25, 2025
  • A second judge rules against Trump’s removal of transgender troops

    March 25, 2025
  • Alphabet beats earnings expectations, raises spending forecast

    July 24, 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 (6,413)
  • Investing (634)
  • Stock (939)

Latest Posts

  • Republican Mark Green nearly doubled his money trading a small oil company: Here’s how

    August 14, 2024
  • Democrat congresswoman draws boos over ‘shameful’ sexism remark in committee hearing with Treasury Secretary

    June 12, 2025
  • Ethereum fails to hold on to the bullish trend on Tuesday

    October 8, 2024

Recent Posts

  • Iran condemns Austria over report on advanced nuclear weapons program

    May 31, 2025
  • Nvidia CEO Jensen Huang says tariff impact won’t be meaningful in the near term

    March 19, 2025
  • Schumer book events called off over ‘security concerns’ week of release

    March 17, 2025

Editor’s Pick

  • Biden pardons late Black activist Marcus Garvey, 4 others

    January 19, 2025
  • Bitcoin remains under bearish pressure on Tuesday

    October 2, 2024
  • FBI investigation of Trump assassination attempt involves ‘full force’ of the department, Wray says

    September 18, 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