{"id":16714,"date":"2023-01-21T14:43:11","date_gmt":"2023-01-21T14:43:11","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/sol-up-20-ada-hits-highest-point-since-november-market-updates-bitcoin-news\/"},"modified":"2023-01-21T14:43:11","modified_gmt":"2023-01-21T14:43:11","slug":"sol-up-20-ada-hits-highest-point-since-november-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/sol-up-20-ada-hits-highest-point-since-november-market-updates-bitcoin-news\/","title":{"rendered":"SOL up 20%, ADA Hits Highest Point Since November \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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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\u2019s 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.<\/strong><\/p>\n

Solana (SOL)<\/h2>\n

Solana (SOL), was one of Saturday\u2019s notable gainers, as the token rose by as much as 20% in today\u2019s session.<\/p>\n

SOL\/USD hit a high of $26.41 to start the weekend, which follows on from Friday\u2019s low at $21.27.<\/p>\n

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.<\/p>\n

\"Biggest
SOL\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

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.<\/p>\n

As of writing, the index is tracking at 73.84, with the next visible resistance at the 81.00 zone.<\/p>\n

If bulls were to collide with this wall, then it is likely that solana could move above the $30.00 point.<\/p>\n

Cardano (ADA<\/a>)<\/h2>\n

Another big mover on the weekend was cardano (ADA<\/a>), which also moved to its strongest point since November.<\/p>\n

Following a low of $0.3364 on Saturday, ADA<\/a>\/USD raced to an intraday peak of $0.3726 earlier today.<\/p>\n

This surge saw cardano jump to its strongest point in the past 12 weeks, breaking out of a resistance of $0.3650 in the process.<\/p>\n

\"Biggest
ADA<\/a>\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

As can be seen on the chart, the move took price strength to a ceiling of 73.00, however, it has so far failed to overcome this hurdle.<\/p>\n

Due to this, earlier gains have somewhat eased, as traders moved to secure gains, leading to ADA<\/a> currently trading at $0.366.<\/p>\n

Should this obstacle be eventually overcome, the next target for ADA<\/a> bulls will likely be $0.40.<\/p>\n

Register your email here to get weekly price analysis updates sent to your inbox:<\/em><\/p>\n

What is behind this weekend\u2019s rally in cryptocurrency prices? Let us know your thoughts in the comments.<\/strong><\/em><\/p>\n

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\nEliman Dambell <\/h6>\n

\nEliman brings an eclectic point of view to market analysis. He was previously a brokerage director and online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, JOCA_PH \/ Shutterstock.com<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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