Cryptocurrency Update: Cardano, Solana and Dogecoin Experience Price Drops

According to U.Today, Cardano's price dropped to $0.5686 following the recent correction and breakout from the 50 Exponential Moving Average (EMA). This significant decline pushed the price below the 21-day EMA at $0.6576, indicating a loss of momentum. However, Cardano has the potential to find support at $0.52, where the 200-day EMA could provide strong support. For growth, Cardano needs to rise above the $0.58 level; The next target is the 50-day EMA at $0.6352. Cardano's future now depends on whether it can stay above the $0.52 support level.

Solana, who once targeted $200, saw his goals fall through as the market began to decline. Currently, the price stands at $171.49, a significant decline from its previous target. Solana struggled to sustain its bullish momentum, facing consistent resistance and failing to sustain the rise towards the $200 level. A decline below the $180 support level suggests that buyer enthusiasm is waning. For growth, Solana needs to find support at the 50-day EMA at $159.40. If this level cannot be maintained, a decline towards the 100-day EMA at $132.62 could be on the horizon, confirming fears of a significant reversal in Solana's fortunes.

Dogecoin also experienced a significant decline. The current price puts Dogecoin at $0.17, down 20% from $0.22. This decline pushed Dogecoin below the 50-day EMA at $0.1489, indicating that the uptrend is fading. For growth, Dogecoin must surpass the $0.1489 level and remain stable above this 50-day EMA. The next level to watch is the 21-day EMA near $0.18; this could indicate a regain of strength and potential price increase.#Binance #Write2Earrn $ADA $DOGE #si_dar