Solana Retreats as Cardano Shows Resilience This Week

<div><img width="1000" height="623" src="https://www.financebrokerage.com/wp-content/uploads/2021/08/shutterstock_1984763987.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Solana Retreats as Cardano Shows Resilience This Week" decoding="async" loading="lazy" /></div><h1><strong><span data-preserver-spaces="true">Solana Retreats as Cardano Shows Resilience This Week</span></strong></h1>
<ul>
<li><span data-preserver-spaces="true">Today, we are looking at the pullback of Solana’s price from 69.00 to 64.00.</span></li>
<li><span data-preserver-spaces="true">Yesterday, the price of Cardano spent the day retreating from 0.600 to 0.560 levels.</span></li>
</ul>
<h2><strong><span data-preserver-spaces="true">Solana chart analysis</span></strong></h2>
<p><span data-preserver-spaces="true">Today, we are looking at the pullback of Solana’s price from 69.00 to 64.00. At the 69.00 level, the price formed a new lower high compared to the previous day and began to retreat to a new lower low at the 64.00 level. Both levels indicate that Solana is losing strength and that it is possible to continue pulling back to the bearish side. A move below the EMA50 moving average also exerts additional pressure on the price. Potential lower targets are 63.00 and 62.00 levels.</span></p>
<p><span data-preserver-spaces="true">We would have to return to the 69.00 level for a bullish option. Next, we need a breakout above and hold above. With a new impulse, we would start a positive consolidation and start a recovery on the <a href="https://www.financebrokerage.com/bullish-breaker/">bullish</a> side. Potential higher targets 70.00 and 71.00 levels.</span></p>
<h2><strong><span data-preserver-spaces="true"><img decoding="async" loading="lazy" class="alignnone size-large wp-image-246989" src="https://www.financebrokerage.com/wp-content/uploads/2023/12/Solana-chart-analysis-1024×620.jpg" alt="Solana chart analysis" width="1024" height="620" /></span></strong></h2>
<h2><strong><span data-preserver-spaces="true">Cardano chart analysis</span></strong></h2>
<p><span data-preserver-spaces="true">Yesterday, the price of Cardano spent the day retreating from 0.600 to 0.560 levels. After that, we see a slight recovery to 0.580, where we encounter a new resistance and start a pullback, which today forms a low at the 0.540 level. It is positive that the fall was stopped there, and the price of Cardano formed a higher low, thus hinting at a potential recovery. It is still early for such a thing because we need to move above the 0.600 level again, if we plan to see more concrete growth at higher levels. Potential higher targets are 0.620 and 0.640 levels.</span></p>
<p><span data-preserver-spaces="true">We would have to return to the 0.540 level for a bearish option and test support there again. A break below would take us down to the 0.520 level, where we would have a new test of the EMA50 moving average. If we don’t manage to stay above, the price will slip below and form a new low for this week. Potential lower targets are 0.500 and 0.480 levels.</span></p>
<p><img decoding="async" loading="lazy" class="alignnone size-large wp-image-246991" src="https://www.financebrokerage.com/wp-content/uploads/2023/12/Cardano-chart-analysis-1024×620.jpg" alt="Cardano chart analysis" width="1024" height="620" /></p>
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