Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
BHP Faces AU$1.3 Billion Wage Adjustment for Queensland...
​Royal Gold to Create Streaming and Royalty Giant...
Chris Berry: The West Must Invest in Refinement...
Torex Gold Moves Beyond Single-Asset Status With Reyna...
Ekin Ober on Why AI Could Be Mining’s...
Maritime Resources: A Low-risk Path to Gold Production...
Stallion Uranium Provides Update on Technology Data Acquisition...
Trump Tariffs to Raise US Medical Device Costs,...
EVs Now Emit 73 percent Less Than Gasoline...
OpenAI to release web browser in challenge to...
  • Business
  • Economy
  • Investing
  • Politics

Smart Trade Insights

Economy

Solana and Cardano: New lows and targets for Thursday

by admin October 11, 2024
October 11, 2024
Solana and Cardano: New lows and targets for Thursday

Solana and Cardano: New lows and targets for Thursday

  • This morning, Solana dropped to a new weekly low of $137.55
  • Last night, Cardano’s price fell to a new weekly low at the 0.334 level

Solana chart analysis

This morning, Solana dropped to a new weekly low of $137.55. After that, the price finds support at that level and recovers to the $140.00 level. We need stronger momentum to continue this small, bullish consolidation. At $142.00, we will try to move above the EMA 50 moving average and get its support. If Solana succeeds in this, the bullish momentum for the continuation of further recovery will increase.

Potential higher targets are $144.00 and $146.00 levels. We will have an additional obstacle in the EMA 200 moving average around the $144.00 level. For a bearish option, Solana needs to initiate a new bearish consolidation below $138.00, which is this morning’s support level. With that step, we move to a new weekly low and strengthen the bearish momentum. Potential lower targets are $136.00 and $134.00 levels.

 

Cardano chart analysis

Last night, Cardano’s price fell to a new weekly low at the 0.334 level. After forming a new low price, it managed to stabilize itself and start a recovery. The daily high was formed at the 0.342 level. We have a slight bullish consolidation and can expect to continue on the bullish side. If the price rises to 0.345, it will receive support from the EMA 50 moving average.

Optimism for further bullish recovery grows with the new support. Potential higher targets are 0.350 and 0.355 levels. We expect additional major resistance in the 0.355 zone in the EMA 200 moving average. For a bearish option, we need a negative consolidation and a pullback of the Cardano price below the 0.335 level. This will bring us down to a new weekly low and confirm the continuation to the bearish side. Potential lower targets are 0.330 and 0.325 levels.

 

The post Solana and Cardano: New lows and targets for Thursday appeared first on FinanceBrokerage.

previous post
Boeing withdraws contract offer after talks with union end without a deal
next post
SafeMoon and Litecoin: New Support Levels and Targets

You may also like

Could Bitcoin Reach $200000? Market & Expert Insights

February 20, 2025

S&P 500 and Nasdaq: Targets and Prices for...

October 15, 2024

Oil Prices Rebound After Trump’s Criticism of Powell

April 23, 2025

Gold and Silver: Gold continues to pull back...

September 5, 2024

S&P 500 and Nasdaq: Nasdaq rises to new...

August 12, 2024

USDCHF and USDJPY: USDJPY in retreat from this...

August 17, 2024

Trump’s Tariffs: Canada, Mexico Pause, China Levies Continue

February 5, 2025

The dollar index could continue to recover this...

September 3, 2024

Leverage in Trading: Understanding Its Impact and Risks

August 17, 2024

Bitcoin and Ethereum Trends: Channel Analysis & Entry...

November 7, 2024

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • BHP Faces AU$1.3 Billion Wage Adjustment for Queensland Coal Miners

      July 11, 2025
    • ​Royal Gold to Create Streaming and Royalty Giant in US$3.7 Billion Deal

      July 11, 2025
    • Chris Berry: The West Must Invest in Refinement Now or Fall Further Behind

      July 11, 2025
    • Torex Gold Moves Beyond Single-Asset Status With Reyna Silver Takeover

      July 11, 2025
    • Ekin Ober on Why AI Could Be Mining’s Most Valuable Tool Yet

      July 11, 2025
    Promotion Image

    banner ads

    Categories

    • Business (764)
    • Economy (829)
    • Investing (2,387)
    • Politics (737)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: smarttradeinsights.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 © 2025 smarttradeinsights.com | All Rights Reserved