Solana and Cardano: Solana is holding above the 23.00 level

<div><img width="1200" height="798" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2022/07/Cardano.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Cardano" decoding="async" loading="lazy" /></div><h1><b>Solana and Cardano: Solana is holding above the 23.00 level</b></h1>
<ul>
<li aria-level="1">Today, we see a pullback in the Solana price to 22.80.</li>
<li aria-level="1">The price of Cardano fell to the 0.253 level this morning, forming a new low there.</li>
</ul>
<h2><b>Solana chart analysis</b></h2>
<p>Today, we see a pullback in the Solana price to 22.80. Yesterday, we tried to break above the 24.80 level and reach the 25.00 level, but we did not succeed in that intention. Conversely, a <a href="https://www.financebrokerage.com/apecoin-and-akita-inu-apecoin-continues-to-pullback/">pullback</a> to this morning’s low followed. The price remains still under pressure because we only moved up to the 23.10 level. We need a positive consolidation in order to launch a bullish option. Potential higher targets are 23.50 and 24.00 levels.</p>
<p>We need a negative consolidation and a new drop below the 22.80 support level for a bearish option. A break below leads to the formation of a new low and confirmation of a bearish option. Potential lower targets are 22.50 and 22.00 levels. Additional support in the zone around 22.00 was the EMA50 moving average.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-231066 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/nzxg08oC-1024×620.jpg" alt="Solana chart analysis" width="1024" height="620" /></p>
<h2><b>Cardano chart analysis</b></h2>
<p>The price of Cardano fell to the 0.253 level this morning, forming a new low there. After that, we saw a slight recovery, which stopped at 0.258. We are supported by the EMA50 moving average, but the price remains under bearish pressure. This could lead to a breakout below and a continuation of the pullback to lower levels. Potential lower targets are 0.252 and 0.250 levels.</p>
<p>We need a positive consolidation and a break above the 0.258 resistance level for a bullish option. Then, we would have to hold up there in order to form a new bottom from which we would start a bullish recovery. Potential higher targets are 0.260 and 0.262 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-231067 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/i2ZO8U90-1024×620.jpg" alt="Cardano chart analysis" width="1024" height="620" /></p>
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