Solana surged 30% on Saturday, setting a new multi-month high in the process. The move comes as the cryptocurrency market turned markedly bullish to start the weekend, with global market capitalization 8.28% higher at the time of writing. Shibas were trading at their strongest levels since November.
Solana (SOL)
Solana (SOL) was one of the biggest movers over the weekend, with prices soaring 30%.
Following yesterday’s low of $16.52, SOL/USD surged to an intraday high of $22.37 earlier today.
As a result of today’s rally, the token achieved its strongest point since November 9, when prices topped out at $24.60.
The chart showed another burst and move above the 14-day relative strength (RSI) resistance point.
At this time, the index crossed the ceiling at the 80.00 level and is currently tracking at 85.44.
Solana bulls are eyeing $25.00, but the earlier rally may cool off as the day progresses.
SHIB (SHIB)
SHIB (SHIB) was once again a notable gainer in the crypto market as the meme coin rose over 10% today.
SHIB/USD peaked at $0.00001081 at the start of the weekend after closing the business week at a low of $0.000009462.
As with the solana above, this resulted in prices rising to their highest level since early November.
Overall, SHIB/USD is now up for the third consecutive session and is up 24% over the past seven days.
The earlier gains have already begun to narrow, and it is currently trading at $0.00001039.
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This is after the RSI failed to break out of the long-term resistance point at 80.00.
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