Solana is the greatest performer amongst the high 20 cryptocurrencies by market cap right now.
SOL is buying and selling above $10 once more after rallying greater than 7% in the final 24 hours.
The complete cryptocurrency market cap stays above $800 billion.
SOL soars previous the $10 resistance degree
SOL, the native token of the Solana ecosystem, is the greatest performer amongst the high 20 cryptocurrencies by market cap right now. The coin has added greater than 7% to its worth, permitting it to surpass a vital resistance degree.
At press time, the price of Solana stands at $11.89, up by greater than 7% in the final 24 hours. There is not any catalyst behind SOL’s ongoing constructive efficiency.
The broader crypto market is buying and selling in the inexperienced zone, however a number of of the main cash and tokens are recording losses. The complete crypto market cap stands at $808 billion, up by lower than 1% right now.
Bitcoin, the world’s main cryptocurrency by market cap, is buying and selling in the pink zone. It has misplaced lower than 1% right now, and the price of Bitcoin at the moment stands at $16.735.
Key ranges to watch
The SOL/USD 4-hour chart has turned bullish, as Solana has been performing effectively over the previous few days. The technical indicators present that Solana has been outperforming the broader market since the begin of the week.
The MACD line crossed into the constructive zone earlier this week, indicating that the bulls are actually in command of the Solana market. With the help of the broader market, the line may enter deeper into the constructive area.
The 14-day RSI of 76 exhibits that SOL might be heading into the overbought area if the rally continues.
If the bulls stay in cost, SOL may surge previous the first main resistance degree at $13.09 earlier than the finish of the day. However, until SOL positive factors help from the broader crypto market, it could discover it onerous to transfer previous the second main resistance degree at $14.90 in the close to time period.
Where to purchase Solana now
eToro
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Public
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