Cardano rose for the second consecutive session to start the weekend as the token continued to move away from its key price floor. The cryptocurrency market rose modestly in today’s session, with the global market up 0.56% at the time of writing.Solana continued its consolidation on Saturday.
Cardano (ADA
Cardano (ADA) rose for the second session in a row as the token moved away from a recent support point.
following Friday’s low of $0.3783. ADA/USD jumped to an intraday peak of $0.3902 to start the weekend.
As a result of this move, Cardano moved further away from its recent floor of $0.3775 after a failed breakout attempt.
From the chart, it appears that the bulls rejected the breakout after the 14-day Relative Strength Index (RSI) bounced off the 55.00 floor.
As of this writing, the index is hovering at 56.96, with the 60.00 ceiling being a potential target for traders.
Upon reaching this destination, there is a good chance thatthe ADAwill trade above $0.4000.
Solana (SOL)
After an erratic week of trading, Solana (SOL) entered the weekend slightly higher, but there is also a lot of price uncertainty.
SOL/USD topped out at $20.71 to start the weekend after sitting at a low of $20.33.
In Saturday’s action, Solana continues to hover near its long-term bottom at $20.15, which is accompanied by a moving average (MA) crossover.
The 10-day (red) MA moved below the 25-day (blue) MA earlier in the week, but failed to extend its distance from this trend line.
This means that the 14-day RSI remains close to the point of support at the 46.00 mark.
Until there is a breakout of this floor or a move above resistance, the SOL is likely to remain in a sideways trend.
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