Solana hits 3 week high before this Soared to the afternoon Federal Open Market Committee (FOMC) meeting. The token rose for the second day in a row, reaching a major price cap in the process. Cardano strengthened mainly on Wednesday as the price slumped from recent highs.
Solana (SOL)
Solana (SOL) saw a notable gain on Wednesday, with prices surging to his highest three-week high.
Following Tuesday’s low of $13.61, SOL/USD raced to intraday highs of $14.68 early in today’s session.
As a result, solana moved to his highest since November 26th. This is the last day the price traded above his $14.70 critical cap.
chart, this resistance point has yet to be breached following today’s rally and SOL is trading at $14.67. to write. The
14-day Relative Strength Index (RSI) also rose, currently tracking 48.36, but also failed to break through resistance levels.
At the time of this writing, the index remains below the 49.00 cap, which appears to be the main obstacle preventing further gains.
Cardano (ADA)
Meanwhile, Cardano (ADA) has moved away from his recent 8-day high, with prices consolidating I was. Ahead of today’s FOMC meeting.
ADA/USD fell to a low of $0.3069 earlier in the day, less than a day after peaking at $0.3152.
This price surge has taken Cardano to its highest level since December 5th. This is the last time the price crossed the $0.3270 cap.
chart, today’s price consolidation follows a failed breakout.
Currently, the index is hovering at 43.79 and momentum seems to be heading for a bottom at 37.60.
If price strength reaches this point,ADA may trade near the $0.3000 support level.
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