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Solana is the perfect performer amongst the highest 20 cryptocurrencies by market cap at this time.
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SOL is buying and selling above $10 once more after rallying greater than 7% within the final 24 hours.
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The full cryptocurrency market cap stays above $800 billion.
SOL soars previous the $10 resistance stage
SOL, the native token of the Solana ecosystem, is the perfect performer amongst the highest 20 cryptocurrencies by market cap at this time. The coin has added greater than 7% to its worth, permitting it to surpass a vital resistance stage.
At press time, the price of Solana stands at $11.89, up by greater than 7% within the final 24 hours. There isn’t any catalyst behind SOL’s ongoing optimistic efficiency.
The broader crypto market is buying and selling within the inexperienced zone, however a number of of the main cash and tokens are recording losses. The full crypto market cap stands at $808 billion, up by lower than 1% at this time.
Bitcoin, the world’s main cryptocurrency by market cap, is buying and selling within the crimson zone. It has misplaced lower than 1% at this time, and the price of Bitcoin at the moment stands at $16.735.
Key ranges to look at
The SOL/USD 4-hour chart has turned bullish, as Solana has been performing effectively over the previous couple of days. The technical indicators present that Solana has been outperforming the broader market for the reason that begin of the week.
The MACD line crossed into the optimistic zone earlier this week, indicating that the bulls at the moment are answerable for the Solana market. With the help of the broader market, the road might enter deeper into the optimistic area.
The 14-day RSI of 76 exhibits that SOL could possibly be heading into the overbought area if the rally continues.
If the bulls stay in cost, SOL might surge previous the primary main resistance stage at $13.09 earlier than the tip of the day. Nonetheless, except SOL good points help from the broader crypto market, it could discover it onerous to maneuver previous the second main resistance stage at $14.90 within the close to time period.
The place to purchase Solana now
eToro
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Public
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