• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Solana and Cardano: Cardano at new monthly high
Economy

Solana and Cardano: Cardano at new monthly high

by September 13, 2024
by September 13, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Solana and Cardano: Cardano at new monthly high

On Tuesday, we saw a jump in the price of Solana to a $138.00 level and a new weekly high
The price of Cardano has been in a strong bullish surge since yesterday from the 0.330 level

Solana  chart analysis

On Tuesday, we saw a jump in the price of Solana to a $138.00 level and a new weekly high. After that, the price loses its previous momentum and begins to retreat. On Wednesday, it broke below the EMA 200 moving average and fell to support at $128.00. The price found new support at that level and returned above the weekly open price and the $130.00 level. From there, a bullish consolidation was initiated, and the rise was to $136.00 this morning. Here, we encounter new resistance and pull back to the $134.00 level.

Solana now needs to hold above the moving averages to trigger a continuation of the bullish scenario. Potential higher targets are the $138.00 and $140.00 levels. For a bearish option, we need a negative consolidation and a breakout below the daily open price. Thus, we move to the negative side and confirm the growth of bearish momentum. Potential lower targets are the $130.00 and $128.00 levels.

 

Cardano chart analysis

The price of Cardano has been in a strong bullish surge since yesterday from the 0.330 level. Today, we see a jump to 0.361, a new September high. All indicators show that we can expect a continuation on the bullish side and the formation of a new daily high. More potential targets are the 0.365 and 0.370 levels.

For a bearish option, we need a negative consolidation of the Cardano price below the daily open level of 0.353. With that step, we will form a new daily low and confirm the transition to the bearish side. After that, the price will have to go down and look for a new support level. Potential lower targets are 0.345 and 0.340 levels. At 0.345, the first support is the EMA 50 moving average, while the 200 EMA is in the 0.340 zone.

 

The post Solana and Cardano: Cardano at new monthly high appeared first on FinanceBrokerage.

You Might Also Like
  • Biden predicted in the ’90s that he would be ‘dead and gone’ by the year 2020
  • White House calls squatting a ‘local issue’ that governments must address
  • 2024 Watch: Trump, DeSantis, Pence, and more – the brewing GOP nomination battle for evangelical voters
  • ‘Squad’ member caught at fundraiser hosted by Islamic leader who praised Hamas attack on Israel
Share
0
FacebookTwitterPinterestWhatsapp

previous post
NY appeals court denies Trump request to pause Bragg case, after judge moves sentencing until after election
next post
Ripple and Tron: Ripple faces new resistance on Thursday

You may also like

Bitcoin remains under bearish pressure on Tuesday

October 2, 2024

House Dems ‘very open’ to saving Johnson speakership from GOP...

April 18, 2024

Bitcoin Price Dip Below $80K Amid Trade Tariff Fears

April 9, 2025

New Jersey Democrats slam Biden administration approval of congestion pricing...

May 7, 2023

Kohl’s Shares Plunge 11%

November 26, 2024

National Security Adviser Jake Sullivan confirms Israel killed top Hamas...

March 19, 2024

Bold prediction: What the Senate GOP campaign chair says about...

September 8, 2024

Stopgap spending bill to avoid government shutdown expected to pass...

January 16, 2024

Nebraska lawmakers set to debate plan to tack on 12-week...

May 16, 2023

GOP Rep. introduces bill cutting off money to countries who...

March 26, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025
    • OpenAI to release web browser in challenge to Google Chrome

      July 10, 2025
    • Sports executive charged with bid-rigging in Texas arena project

      July 10, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,631 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,919 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,607 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,577 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,451 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,171)
    • Investing (538)
    • Stock (2,662)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters...

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,171)
    • Investing (538)
    • Stock (2,662)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    White House says ‘Operation Prosperity Guardian’...

    December 20, 2023

    AOC accuses pro-Israel PAC of being...

    November 2, 2023

    Freedom Caucus chair says Speaker Johnson...

    November 15, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here