Solana is rising to 77.77 and Cardano is close to 80.00

Solana chart analysis

During the weekend, we saw the price of Solana at the 77.77 level. That’s how we formed this year’s new high. This was followed by a pullback that lowered the price to the 66.00 support level yesterday. We get support at this level and recover to the 72.00 level. Now, we need the continuation of this consolidation in order to start further recovery. Potential higher targets are 74.00 and 76.00 levels.

We need a negative consolidation and pullback below the 70.00 level for a bearish option. After that, we would approach the EMA50 moving average. A break below the EMA50 would further increase the pressure on the price, which would have a negative impact on further movement. Potential lower targets are 68.00 and 66.00 levels.

Cardano chart analysis

Over the weekend, the price of Cardana climbed to a new high at the 0.647 level. After which we see a bearish consolidation to 0.520 yesterday. We are getting support in that zone and starting a recovery that returns us to the 0.600 level today. We stop at that level but remain high with support at the 0.590 level. We need a fresh break above the 1,600 level to continue the bullish trend.

Potential higher targets are 0.620 and 0.640 levels. We need a negative consolidation and a pullback to the 0.560 level for the bearish option. We are approaching the previous consolidation there, and if we break below, we will have a great chance to continue on the bearish side. Potential lower targets are 0.540 and 0.520 levels. Additional support in the zone around 0.520 is the EMA50 moving average.

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