Solana and Cardano: Cardano continues to drop to 0.245

<div><img width="1000" height="563" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2018/12/FinanceBrokerage-Bitcoin-News-Cardano-slumps-lower-0.029270-level.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="FinanceBrokerage – Bitcoin News: Cardano on Sunday slumped lower $0.029270 level, down 4.28%." decoding="async" loading="lazy" /></div><h1><b>Solana and Cardano: Cardano continues to drop to 0.245</b></h1>
<ul>
<li aria-level="1">The price of Solana continues to struggle with support at the 22.00 level.</li>
<li aria-level="1">The price of Cardano fell to a new lower low this morning at the 0.245 level.</li>
</ul>
<h2><b>Solana chart analysis</b></h2>
<p>The price of Solana continues to struggle with support at the 22.00 level. Yesterday, we saw a pullback to the 21.70 level, and there, we got new support that brought us back above the 22.00 level. Today’s consolidation takes place in the 22.00-22.40 range. Looking at the chart, we are on our way to visit the 22.40 resistance level. We need a break above to start a further recovery.</p>
<p>An additional resistance could be the EMA50 <a href="https://www.financebrokerage.com/the-hull-moving-average-hma-is-it-better-than-ema/">moving average</a>, and we would have to cross that resistance too,  to gain its support. Potential higher targets are 22.60 and 22.80 levels. We need a negative consolidation drop below the 22.00 level for a bearish option. After that, we would be able to test the 21.60-21.80 support zone. Potential lower targets are 21.40 and 21.20 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-232620 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/bxIH4c8K-1024×524.jpg" alt="Solana chart analysis" width="1024" height="524" /></p>
<h2><b>Cardano chart analysis</b></h2>
<p>The price of Cardano fell to a new lower low this morning at the 0.245 level. Until then, we are in a sideways consolidation in the 0.245-0.247 range. The pressure is on the upper level, and we could expect to see a break above and the beginning of a more concrete recovery. Potential higher targets are 0.248 and 0.250 levels. The EMa50 moving average is in the zone around 0.254 levels.</p>
<p>We need a negative consolidation and a break below the 0.245 support level for a bearish option. Thus, we would see the formation of a new lower low and thereby confirm the bearish scenario. Potential lower targets are 0.244 and 0.242 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-232621 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/y4CO5xZS-1024×620.jpg" alt="Cardano chart analysis" width="1024" height="620" /></p>
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