Solana and Cardano: Solana is holding above the 24.20

<div><img width="1200" height="675" src="https://www.financebrokerage.com/wp-content/uploads/2022/09/Solana-3.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Solana" decoding="async" loading="lazy" /></div><h1><b>Solana and Cardano: Solana is holding above the 24.20</b></h1>
<ul>
<li aria-level="1">Today’s movement of the Solana price is in the 24.00-24.50 range.</li>
<li aria-level="1">The price of Cardano has been holding above the 0.297 level for two days with the <a href="https://www.financebrokerage.com/gold-and-silver-gold-is-back-at-1930-for-new-support/">support</a> of the EMA50 moving average.</li>
</ul>
<h2><b>Solana chart analysis</b></h2>
<p>Today’s movement of the Solana price is in the 24.00-24.50 range. Yesterday, we tried to break above 25.00 but stopped at that level. From that place, we start a pullback to support at the 24.00 level. If we manage to stay above it, the price could initiate a bullish consolidation and retest 25.00, yesterday’s resistance level. Potential higher targets are 25.50 and 26.00 levels.</p>
<p>We need a negative consolidation and a break below the 24.00 support level for a bearish option. This would cause the price to start a further retreat and visit lower support levels. Potential lower targets are 23.50 and 23.00 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-218199 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/Pw2IjNPu-1024×641.jpg" alt="Solana chart analysis" width="1024" height="641" /></p>
<h2><b>Cardano chart analysis</b></h2>
<p>The price of Cardano has been holding above the 0.297 level for two days with the support of the EMA50 moving average. We could now see another bullish consolidation and a return above the 0.300 level. Then, it would be necessary to try to stay up there so that we could start the recovery with a new impulse. Potential higher targets are 0.304 and 0.306 levels.</p>
<p>We need a negative consolidation and pullback to the 0.296 level for a bearish option. A break below would mean an increase in bearish pressure and a continuation of the Cardana price decline. Potential lower targets are 0.294 and 0.292 levels. We may also test the 0.290 level.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-218200 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/vkHOAi0I-1024×641.jpg" alt="Cardano chart analysis" width="1024" height="641" /></p>
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