Solana and Cardano: Cardano is rising to a new high 

<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><b>Solana and Cardano: Cardano is rising to a new high </b></h1>
<ul>
<li aria-level="1">This morning, we see how the price of Solana gets support at the 70.00 level and starts a bullish continuation.</li>
<li aria-level="1">Cardano&#8217;s price has climbed to a new high at the 0.680 level.</li>
</ul>
<h2><b>Solana chart analysis</b></h2>
<p>This morning, we see how the price of Solana gets support at the 70.00 level and starts a <a href="https://www.financebrokerage.com/oil-and-natural-gas-potential-for-bullish-continuation/">bullish continuation</a>. We are currently at 72.50 and now taking a short break here before continuing higher. We expect to see a bounce above the 73.00 level soon and are stationed there. It is important that a new bottom is formed there. After that, we can start conquering higher levels. Potential higher targets are 74.00 and 75.00 levels.</p>
<p>We need a negative consolidation and pullback below the 70.00 support level for a bullish option. Pressure in that zone would lead to further price pullback and testing of the EMA50 moving average in the zone around the 69.00 level. A further drop below would only increase the pressure, and the potential lower targets are the 68.00 and 67.00 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-247292 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/12/yG9Ssdg7-1024×620.jpg" alt="Solana chart analysis" width="1024" height="620" /></p>
<h2><b>Cardano chart analysis</b></h2>
<p>Cardano&#8217;s price has climbed to a new high at the 0.680 level. This year&#8217;s new high was formed, and now we see a pullback to support at the 0.640 level. If we fail to maintain above that level, a pullback and the formation of a new daily low will follow. Potential lower targets are 0.620 and 0.600 levels. The EMA50 is even lower, around the 0.560 level.</p>
<p>We would have to go back and test the 0.680 level for a bullish option. A break above would mean that the price of Cardano has the strength and determination to start further growth to a new high. Potential higher targets are 0.700 and 0.720 levels. This would create a new price high this year and strengthen the bullish option.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-247293 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/12/L1VQS37t-1024×620.jpg" alt="Cardano chart analysis" width="1024" height="620" /></p>
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