According to U.Today, Cardano's price has dropped to $0.5686 following a recent correction and breakdown from the 50 Exponential Moving Average (EMA). This significant drop has pushed the price below the 21-day EMA, which was at $0.6576, indicating a loss of momentum. However, there is potential for Cardano to find support at the $0.52 mark, where the 200-day EMA could provide strong support. For growth, Cardano needs to climb back above the $0.58 level, with the next target being the 50-day EMA at $0.6352. The future of Cardano now depends on whether it can stay above the $0.52 support level.
Solana, which once aimed for the $200 mark, has seen its aspirations dashed as the market turns bearish. Currently, the price sits at $171.49, a significant drop from its previous target. Solana has struggled to maintain its upward momentum, facing consistent resistance and failing to sustain a rally toward the $200 level. The drop below the $180 support level indicates a loss of buyer enthusiasm. For growth, Solana needs to find support at the 50-day EMA at $159.40. If this level fails to hold, a slide to the 100-day EMA at $132.62 could be on the horizon, confirming fears of a significant reversal in Solana's fortunes.
Dogecoin, once a favorite of many, has also experienced a significant drop. The current price shows Dogecoin at $0.17, down 20% from $0.22. This downturn has pushed Dogecoin below the 50-day EMA of $0.1489, suggesting a fading bullish sentiment. For growth, Dogecoin needs to recover past the $0.1489 mark and hold steady above this 50-day EMA. The next level to watch is the 21-day EMA at around $0.18, which could indicate a regaining of strength and potential price increase.