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 | 84.8% | 21 | $61 136.19 | -1.95% | 4.62% | $1 204 134 549 954 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 85.6% | 24 | $2 969.45 | -1.90% | 0.13% | $356 646 964 154 |  |
|
| 3 |  USDT |
Tether predictions | 92% | 1 | $0.999457 | -0.02% | -0.04% | $110 895 748 159 |  |
|
| 4 |  BNB |
Binance Coin predictions | 89.6% | 17 | $593.20 | 1.46% | 6.32% | $87 548 780 747 |  |
|
| 5 |  SOL |
Solana predictions | 76.4% | 37 | $142.64 | -3.26% | 4.76% | $63 923 908 424 |  |
|
| 6 |  USDC |
USD Coin predictions | 92.8% | 1 | $0.999891 | 0.01% | -0.02% | $33 094 674 539 |  |
|
| 7 |  XRP |
XRP predictions | 81.2% | 27 | $0.511748 | -2.48% | -0.48% | $28 329 948 099 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 76.4% | 39 | $0.147188 | -1.71% | 13.37% | $21 227 496 004 |  |
|
| 9 |  TON |
Toncoin predictions | 74% | 49 | $6.00 | 2.76% | 25.13% | $20 837 435 580 |  |
|
| 10 |  ADA |
Cardano predictions | 79.2% | 36 | $0.450536 | 1.45% | -0.46% | $16 066 847 199 |  |
|
| 11 |  SHIB |
SHIBA INU predictions | 72% | 54 | $0.000023 | -1.53% | 0.25% | $13 278 250 953 |  |
|
| 12 |  AVAX |
Avalanche predictions | 79.6% | 43 | $33.92 | -2.32% | 1.77% | $12 912 036 152 |  |
|
| 13 |  TRX |
TRON predictions | 86.8% | 23 | $0.126139 | 2.87% | 2.61% | $11 037 037 925 |  |
|
| 14 |  WTRX |
Wrapped TRON predictions | 87.2% | 23 | $0.125836 | 2.60% | 2.53% | $11 010 491 702 |  |
|
| 15 |  STETH |
Lido stETH predictions | 93.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
