Solana price fell, Cardano is down to 0.470 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.