Solana and Cardano Price Analysis: Solana Maintains Ground at $23.00
Alex Paulson
Crypto and Forex professional trader, analyst, contributor.
The price action for Solana has displayed notable dynamics in recent times. Early on, the price dipped to the $22.37 mark, aligning with a crucial support level. However, a bullish consolidation soon ensued, propelling the price to surge to $23.40. Presently, the resistance at this level has prompted a pullback to $23.00. This juncture presents the possibility of establishing new support, potentially initiating a more distinct bullish trend. Noteworthy target points include $23.60 and $23.80 levels.
To consider a bearish perspective, a corrective consolidation leading to a drop below the $23.00 support is required. This would position the market for a pullback towards the preceding low points. Potential lower targets encompass the $22.40 and $22.20 levels.
Cardano Price Analysis: New Low at $0.265 Followed by Rebound
In the realm of Cardano, its price journey has been intriguing. A fresh low at $0.265 was witnessed in the morning, followed by a subsequent recovery driving the price to $0.278. At this point, resistance is less pronounced, and Cardano is retracing to $0.275. If this consolidation persists, there is a possibility that the price could descend to breach the prior low. Noteworthy support levels in this scenario are $0.260 and $0.250.
A bullish perspective materializes with a constructive consolidation leading to a surge towards $0.280. Subsequently, maintaining a position above this point is pivotal to embark on a bullish trajectory driven by new momentum.
The $0.282 and $0.284 levels emerge as potential higher targets. Additionally, the EMA50 moving average at the $0.290 level could present supplementary resistance.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 87.2% | 17 | $66 101.68 | 7.64% | 7.66% | $1 302 124 753 657 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 82.8% | 21 | $3 023.14 | 5.44% | 1.20% | $363 129 415 925 |  |
|
| 3 |  USDT |
Tether predictions | 94% | 1 | $1.000372 | 0.09% | 0.08% | $110 993 598 457 |  |
|
| 4 |  BNB |
Binance Coin predictions | 87.6% | 17 | $585.55 | 4.08% | -0.58% | $86 419 295 116 |  |
|
| 5 |  SOL |
Solana predictions | 80.4% | 33 | $161.22 | 13.82% | 12.45% | $72 333 727 167 |  |
|
| 6 |  USDC |
USD Coin predictions | 95.6% | 1 | $0.999994 | 0% | 0.01% | $33 238 056 897 |  |
|
| 7 |  XRP |
XRP predictions | 91.2% | 13 | $0.517801 | 3.88% | -0.33% | $28 665 052 300 |  |
|
| 8 |  TON |
Toncoin predictions | 67.6% | 64 | $7.00 | 2.28% | 18.80% | $24 308 573 107 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 82.4% | 33 | $0.154716 | 6.05% | 6.67% | $22 326 554 333 |  |
|
| 10 |  ADA |
Cardano predictions | 86.4% | 18 | $0.453731 | 6.15% | -1.43% | $16 185 003 456 |  |
|
| 11 |  SHIB |
SHIBA INU predictions | 77.6% | 48 | $0.000025 | 9.76% | 11.09% | $14 831 006 469 |  |
|
| 12 |  AVAX |
Avalanche predictions | 82.4% | 33 | $34.65 | 10.35% | 1.20% | $13 239 705 058 |  |
|
| 13 |  WTRX |
Wrapped TRON predictions | 79.2% | 41 | $0.126409 | 0.98% | 2.82% | $11 055 922 523 |  |
|
| 14 |  TRX |
TRON predictions | 73.6% | 45 | $0.126396 | 0.69% | 2.48% | $11 054 824 889 |  |
|
| 15 |  WBTC |
Wrapped Bitcoin predictions | 85.6% | 17 | $66 124.45 | 7.62% | 7.79% | $10 282 126 055 |  |
