Solana and Cardano: Solana remains high above 24.00

<div><img width="1000" height="623" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2021/08/shutterstock_1984763987.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Solana Hits All-time High" decoding="async" loading="lazy" /></div><h1><b>Solana and Cardano: Solana remains high above 24.00</b></h1>
<ul>
<li aria-level="1">The price of Solana continued the previous bullish consolidation, moving in the 23.80-24.40 range.</li>
<li aria-level="1">Cardano’s price dropped below the 0.250 level and below the EMA50 moving average yesterday.</li>
</ul>
<h2><b>Solana chart analysis</b></h2>
<p>The price of Solana continued the previous bullish consolidation, moving in the 23.80-24.40 range. We still remain high and close to the previous <a href="https://www.financebrokerage.com/oil-and-natural-gas-oil-remains-below-resistance-at-72-00/">resistance</a> at the 24.60 level. This week’s high was at 24.80; if we continue with the current consolidation, we could expect a test of that level. The next important level is at 25.00.</p>
<p>We need a negative consolidation and a price drop below the 23.80 level for a bearish option. A break below could influence us to test yesterday’s low at the 23.60 level. And if further pressure continues, a new breakthrough and the formation of a new lower low could occur. Potential lower targets are 23.40 and 23.20 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-234159 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/XauVHmxj-1024×608.jpg" alt="Solana chart analysis" width="1024" height="608" /></p>
<h2><b>Cardano chart analysis</b></h2>
<p>Cardano’s price dropped below the 0.250 level and below the EMA50 moving average yesterday. This led to the formation of this week’s low at the 0.245 level; for now, we have managed to hold above it. Cardano remains under pressure below the EMA50, which could influence us to see a continuation of the pullback and the formation of a new five-day low. Potential lower targets are 0.244 and 0.242 levels.</p>
<p>We need a positive consolidation and a return above the 0.250 level and the EMA50 moving average for a bullish option. Then, we would have to stay up there in order to continue the recovery from that level. Potential higher targets are 0.252 and 0.254 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-234160 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/zrIEbM94-1024×608.jpg" alt="Cardano chart analysis" width="1024" height="608" /></p>
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