Biggest Movers: SOL up 20%, ADA Hits Highest Point Since November
Solana rose by as much as 20% Saturday, as crypto markets came alive to start the weekend. The token hit a 12-week high in today’s session, breaking out of a key price ceiling in the process. Cardano also rose to its strongest point since November, with the global cryptocurrency market cap up 6.86% as of writing.
Solana (SOL)
Solana (SOL), was one of Saturday’s notable gainers, as the token rose by as much as 20% in today’s session.
SOL/USD hit a high of $26.41 to start the weekend, which follows on from Friday’s low at $21.27.
As a result of this move, solana broke out of a key resistance level of $25.00, hitting its strongest point since November 8 in the process.
Looking at the chart, the 14-day relative strength index (RSI) also broke out of a ceiling of its own at the 73.00 mark.
As of writing, the index is tracking at 73.84, with the next visible resistance at the 81.00 zone.
If bulls were to collide with this wall, then it is likely that solana could move above the $30.00 point. Read More…
