Connect with us

Hi, what are you looking for?

Oracle of  Omaha SaysOracle of  Omaha Says

Investing

Solana price fell, Cardano is down to 0.470 level

Solana price fell, Cardano is down to 0.470 level

The price of Solana fell to the $144.75 level this morning, forming a new weekly low there. 
Cardano price has been in retreat since yesterday from the 0.510 level. 

Solana chart analysis

The price of Solana fell to the $144.75 level this morning, forming a new weekly low there. We are still in that support zone, with a slight recovery to the $147.00 level. We need to move above the $150.00 level to release this pressure and move to the bullish side. We also get support in the EMA200 and it will be much easier for us to start a new bullish impulse.

Potential higher targets are $152.00 and $154.00 levels. We need a negative consolidation and a drop below the $145.00 level for a bearish option. We are retesting the weekly low and getting closer to falling to a new one. Potential lower targets are $144.00 and $142.00 levels.

Cardano chart analysis

Cardano price has been in retreat since yesterday from the 0.510 level. We first fell below the EMA200 and 0.495 levels. After that, with a couple of strong bearish impulses, the price slides down to the 0.470 level. This morning, we did not manage to stay above that level and start a recovery.

Instead, we saw a drop to a new low at 0.467. We are still staying low in the weekly low zone, expecting to slide to a new Cardano low soon.

Potential lower targets are 0.465 and 0.460 levels. We need a positive consolidation and a move above the 0.480 level for a bullish option.

With that step, we break through the previous bearish formation and turn to the bullish side. Potential higher targets are 0.490 and 0.495 levels. Up at 0.495, we will again have an opportunity to test the EMA200 moving average and try to break it.

The post Solana price fell, Cardano is down to 0.470 level appeared first on FinanceBrokerage.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.
    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!

    You May Also Like

    Latest News

    A former Republican legislative candidate who traveled to Washington for former President Donald Trump’s ‘Stop the Steal’ rally was arrested Friday and charged with...

    Latest News

    Abbe Lowell, Hunter Biden’s attorney, filed an ethics complaint Friday against Georgia Rep. Marjorie Taylor Green after she displayed censured nude photos of the president’s...

    Stock

    Even as U.S. inflation broadly cools, frozen vegetable prices are hot. The average shelf price for frozen veggies rose by 18% in the past year...

    Latest News

    President Biden has overruled the Pentagon and chosen Adm. Lisa Franchetti to lead the Navy, making her the first woman, if she’s confirmed, to...

    Disclaimer: Oracleofomahasays.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 © 2024 Oracleofomahasays.com