Solana and Cardano: Solana stabilizes above the 24.00 level

<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 stabilizes above the 24.00 level</b></h1>
<ul>
<li aria-level="1">During the weekend, the price of Solana was in a strong bullish consolidation.</li>
<li aria-level="1">Cardano’s price yesterday formed a new monthly high at the 0.270 level.</li>
</ul>
<h2><b>Solana chart analysis</b></h2>
<p>During the weekend, the price of Solana was in a strong bullish consolidation. The beginning of the weekend started at the 20.00 level, and we ended on Monday morning at the 24.80 level. After that, the price makes a pullback and retreats to the $23.00 level. It gets support at that level and then starts a new positive <a href="https://www.financebrokerage.com/eur-gbp-bearish-consolidation/">consolidation</a> and climbs again above the 24.00 level. Again, we encounter the 24.50-24.80 resistance zone.</p>
<p>We need a break above if we want to see a continuation to the bullish side. Potential higher targets are $25.00 and $25.50 levels. We need a negative consolidation and a new pullback to 23.00 previous support for a bearish option. A break below would form a new low and confirm the bearish scenario. Potential lower targets are 22.50 and 2.00 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-230733 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/W9gkAhYB-1024×620.jpg" alt="Solana chart analysis" width="1024" height="620" /></p>
<h2><b>Cardano chart analysis</b></h2>
<p>Cardano’s price yesterday formed a new monthly high at the 0.270 level. Growth stops at that level, and after that, we see a pullback to support at the 0.260 level. The price manages to get support at the level and starts a new bullish consolidation up to the 0.235 level. We need a continuation of this positive consolidation to revisit the previous high. Potential higher targets are 0.270 and 0.272 levels.</p>
<p>We need a negative consolidation and pullback to the 0.260 level for a bearish option. A break below would indicate a further pullback and a visit to lower support levels. Potential lower targets are 0.256 and 0.254 levels. Additional support in the zone around the 0.255 level is in the EMA50 moving average.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-230734 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/6UKOLC4M-1024×620.jpg" alt="Cardano chart analysis" width="1024" height="620" /></p>
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