Solana and Cardano Price Analysis: Bulls Seek Higher Levels
Alex Paulson
Crypto and Forex professional trader, analyst, contributor.
This morning, Solana exhibited a robust bullish surge, reaching the $19.30 mark. However, this level was short-lived as the price retraced to find support at $18.60. Currently, the asset is consolidating within this range, and the pullback appears to have halted. The EMA50 moving average, situated around $18.70, exerts additional pressure on the price.
For a renewed bullish trend, a strong upward push to the $19.00 level is needed, which could initiate a fresh bullish consolidation phase. Potential higher targets following this move include the $19.20 and $19.40 levels.
Conversely, a bearish scenario necessitates a negative consolidation below today's support at $18.60. In this case, a continuation of Solana's price retreat is likely, with potential lower targets at $18.40 and $18.20.
Cardano Price Analysis
Cardano's price experienced a morning resurgence, testing the previous resistance level at $0.252. Although this level still poses resistance, Cardano retraced to the $0.247 support level. To regain bullish momentum, a new upward impulse pushing beyond the $0.250 level is required. This move would position the price above the EMA50 moving average, potentially providing support for further bullish action. Potential higher targets following a successful breakout include $0.254 and $0.256.
On the other hand, a bearish scenario would involve a negative consolidation and price retracement below the $0.246 support level. Subsequently, attention would turn to the previous support in the vicinity of $0.244. A breach below this level could signal a more significant price decline for Cardano, with potential lower targets at $0.242 and $0.240.
In both cases, close monitoring of key support and resistance levels is essential for traders navigating Solana and Cardano's price movements.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 85.6% | 21 | $61 054.53 | -1.95% | 4.27% | $1 202 522 311 819 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 86.8% | 24 | $2 976.59 | -0.53% | -0.55% | $357 503 653 867 |  |
|
| 3 |  USDT |
Tether predictions | 91.6% | 1 | $0.999620 | -0.04% | 0% | $110 913 773 859 |  |
|
| 4 |  BNB |
Binance Coin predictions | 85.2% | 17 | $599.22 | 3.07% | 8.26% | $88 436 494 252 |  |
|
| 5 |  SOL |
Solana predictions | 77.6% | 37 | $142.63 | -1.82% | 2.99% | $63 920 120 309 |  |
|
| 6 |  USDC |
USD Coin predictions | 91.6% | 1 | $0.999985 | 0.01% | -0.01% | $33 083 822 090 |  |
|
| 7 |  XRP |
XRP predictions | 82% | 27 | $0.511663 | -2.01% | -0.62% | $28 325 221 917 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 77.6% | 39 | $0.145931 | -0.78% | 10.71% | $21 045 931 059 |  |
|
| 9 |  TON |
Toncoin predictions | 71.6% | 49 | $5.99 | 5.32% | 22.69% | $20 811 644 469 |  |
|
| 10 |  ADA |
Cardano predictions | 79.2% | 35 | $0.455263 | 2.89% | 1.81% | $16 235 447 554 |  |
|
| 11 |  SHIB |
SHIBA INU predictions | 73.2% | 55 | $0.000023 | -0.62% | -1.46% | $13 274 233 489 |  |
|
| 12 |  AVAX |
Avalanche predictions | 78.4% | 45 | $34.07 | -1.10% | 1.14% | $12 966 113 799 |  |
|
| 13 |  TRX |
TRON predictions | 86% | 23 | $0.125639 | 2.45% | 2.53% | $10 993 377 856 |  |
|
| 14 |  WTRX |
Wrapped TRON predictions | 84.8% | 23 | $0.124297 | 2.33% | 1.83% | $10 876 080 138 |  |
|
| 15 |  STETH |
Lido stETH predictions | 92.4% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
