{"id":19615,"date":"2023-04-08T16:04:40","date_gmt":"2023-04-08T16:04:40","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/biggest-movers-ada-extends-gains-as-sol-consolidates-on-saturday-market-updates-bitcoin-news\/"},"modified":"2023-04-08T16:04:40","modified_gmt":"2023-04-08T16:04:40","slug":"biggest-movers-ada-extends-gains-as-sol-consolidates-on-saturday-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/biggest-movers-ada-extends-gains-as-sol-consolidates-on-saturday-market-updates-bitcoin-news\/","title":{"rendered":"Biggest Movers:\u00a0ADA Extends Gains, as SOL Consolidates on Saturday \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Cardano rose for a second straight session to start the weekend, as the token continued to move away from a key price floor. Cryptocurrency markets were marginally higher in today\u2019s session, with the global market up 0.56% as of writing. Solana continued to consolidate on Saturday.<\/strong><\/p>\n

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

Cardano (ADA<\/a>) rose for a second consecutive session, as the token moved away from a recent support point.<\/p>\n

Following a low of $0.3783 on Friday, ADA<\/a>\/USD jumped to an intraday peak at $0.3902 to start the weekend.<\/p>\n

As a result of the move, cardano moved further away from a recent floor at $0.3775, following a failed breakout attempt.<\/p>\n

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

From the chart, it appears that bulls rejected the breakout after the 14-day relative strength index (RSI) bounced from a floor at 55.00.<\/p>\n

At the time of writing, the index is tracking at 56.96, with a ceiling at 60.00 a potential target for traders.<\/p>\n

Should they reach this destination, there is a good chance that ADA<\/a> will be trading above $0.4000.<\/p>\n

Solana (SOL)<\/h2>\n

After a volatile week of trading, solana (SOL) entered the weekend marginally higher, however price uncertainty was also high.<\/p>\n

SOL\/USD reached a top at $20.71 to start the weekend, a day after sitting at a low of $20.33.<\/p>\n

Saturday\u2019s activity sees solana continue to hover close to a long-term floor at $20.15, and this comes following a crossover of moving averages (MA).<\/p>\n

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

The 10-day (red) MA moved below its 25-day (blue) counterpart earlier in the week, however was unable to extend its distance from this trendline.<\/p>\n

This comes as the 14-day RSI remains close to a point of support of its own, at the 46.00 mark.<\/p>\n

Until a breakout of this floor occurs, or there is a move above resistance, it is likely that SOL will continue to trend sideways.<\/p>\n

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

Do you expect solana to rally this weekend? Let us know your thoughts in the comments.<\/strong><\/em><\/p>\n

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\nEliman Dambell <\/h6>\n

\nEliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

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

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