Solana and Cardano: Cardano slipped to 0.2925 today

<div><img width="1200" height="798" src="https://www.financebrokerage.com/wp-content/uploads/2022/11/Cardano-2.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Cardano" decoding="async" loading="lazy" /></div><h1><b>Solana and Cardano: Cardano slipped to 0.2925 today</b></h1>
<ul>
<li aria-level="1">The price of Solana retreated this morning to the 22.50 level.</li>
<li aria-level="1">The price of Cardana today fell to a new low at the 0.2925 level.</li>
</ul>
<h2><b>Solana chart analysis</b></h2>
<p>The price of Solana retreated this morning to the 22.50 level. A new lower low was formed compared to the previous week. Now, we see an attempt to consolidate at the 22.70 level. We need a positive consolidation and a return above the 23.00 level in order to initiate a bullish option. Then, we would have to try to hold above the 23.00 level and form a new higher low at that point.</p>
<p>With a new impulse, we could continue with the recovery. Potential higher targets are 23.50 and 24.00 levels. Additional resistance around 24.00 is in the EMA50 moving average. We need a negative consolidation and <a href="https://www.financebrokerage.com/usdchf-and-usdjpy-usdchf-is-in-a-big-pullback-to-0-89000/">pullback</a> below the 22.50 level for a bearish option. After that, the price could easily fall to the 22.00 level and form a new lower low there.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-216735 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/nJmynRAC-1024×621.jpg" alt="Solana chart analysis" width="1024" height="621" /></p>
<h2><b>Cardano chart analysis</b></h2>
<p>The price of Cardana today fell to a new low at the 0.2925 level. We have received immediate support at that level and see a recovery above the 0.2950 level. We now need a continuation of this positive consolidation in order to move further to the bullish side. Potential higher targets are 0.2980 and 0.3000 levels.</p>
<p>We need a negative consolidation and a new price increase to the 0.2925 level for a bearish option. A break below would mean the formation of a new low and the continuation of Cardano’s decline. Potential lower targets are 0.2900 and 0.2880 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-216736 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/AGGlW824-1024×621.jpg" alt="Cardano chart analysis" width="1024" height="621" /></p>
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