Skip to content
Bitcoin Trivia

Bitcoin Trivia

  • Home
  • News
  • Crypto
  • Analysis
  • Bitcoin
  • Contact
  • Toggle search form

Biggest Movers: SOL up 20%, ADA Hits Highest Point Since November

Posted on January 21, 2023January 27, 2023 By Caden

Solana rose by as much as 20% Saturday, as crypto markets came alive to start the weekend. The token hit a 12-week high in today’s session, breaking out of a key price ceiling in the process. Cardano also rose to its strongest point since November, with the global cryptocurrency market cap up 6.86% as of writing.

Solana (SOL)

Solana (SOL), was one of Saturday’s notable gainers, as the token rose by as much as 20% in today’s session.

SOL/USD hit a high of $26.41 to start the weekend, which follows on from Friday’s low at $21.27.

As a result of this move, solana broke out of a key resistance level of $25.00, hitting its strongest point since November 8 in the process.

Looking at the chart, the 14-day relative strength index (RSI) also broke out of a ceiling of its own at the 73.00 mark.

As of writing, the index is tracking at 73.84, with the next visible resistance at the 81.00 zone.

If bulls were to collide with this wall, then it is likely that solana could move above the $30.00 point.

Cardano (ADA )

Another big mover on the weekend was cardano (ADA ), which also moved to its strongest point since November.

Following a low of $0.3364 on Saturday, ADA /USD raced to an intraday peak of $0.3726 earlier today.

This surge saw cardano jump to its strongest point in the past 12 weeks, breaking out of a resistance of $0.3650 in the process.

As can be seen on the chart, the move took price strength to a ceiling of 73.00, however, it has so far failed to overcome this hurdle.

READ  Crypto Turmoil: Market Slump, Heavy Liquidations, and Unexpected Gainers

Due to this, earlier gains have somewhat eased, as traders moved to secure gains, leading to ADA currently trading at $0.366.

Should this obstacle be eventually overcome, the next target for ADA bulls will likely be $0.40.

Register your email here to get weekly price analysis updates sent to your inbox:

What is behind this weekend’s rally in cryptocurrency prices? Let us know your thoughts in the comments.

ada, Analysis, Cardano, Market Updates, SOL, Solana Tags:ada, Analysis, Cardano, Market Updates, SOL, Solana

Post navigation

Previous Post: Former SEC Official’s Crypto Warning: Regulatory Onslaught Is Just Beginning
Next Post: Crypto Regulation Is Like a Flimsy Umbrella in a Monsoon

Related Posts

  • Bitcoin, Ethereum Technical Analysis: BTC Above $28,000 as Biden Announces Debt Ceiling Deal Analysis
  • Biggest Movers: SOL, XRP Snap Recent Losing Streak on Wednesday Analysis
  • Biggest Movers: DOGE, SHIB Drop to Multi-Week Lows, Following Crypto Red Wave Analysis
  • Biggest Movers: AVAX 22% Higher, as DOT Nears 1-Month High Analysis
  • Bitcoin, Ethereum Technical Analysis: BTC Above $18,000, ETH Hits 2-Month High Analysis
  • Bitcoin, Ethereum Technical Analysis: ETH Back Above $1,300 to Start the Weekend Analysis

Recent Posts

  • JPMorgan CEO Warns of the Fed Raising Interest Rates to 7% With Stagflation
  • Coinbase Registers as Crypto Exchange and Wallet Provider in Spain
  • Tether Calls Out WSJ ‘Tabloid Style’ Reporting, States Outlet ‘Disregarded’ Reporting Banking Industry Woes
  • Citigroup Unveils Citi Token Services for Cash Management and Trade Finance
  • Fight for Lost BTC in Garbage Dump Continues for British Man, SBF Possibly Abused in Jail, and More — Bitcoin.com News Week in Review

Our Social

  • Pinterest
  • YouTube
  • LinkedIn
  • Twitter
  • Facebook
  • Terms and Conditions
  • Cookies Policy
  • Privacy Policy
  • Contact

FEED / RSS | Sitemap

  • Bitcoin (BTC)
  • Digital Currency
  • Central Bank
  • Bitcoin Price
  • Price
  • Altcoins
  • Analysis
  • Anonymous
  • Apps
  • APT
  • News
  • Crypto
  • Cryptocurrency
  • Market Updates
  • Regulation
  • Analysis
  • Cryptocurrencies
  • Bitcoin
  • Ethereum
  • Mining

Copyright © 2023 Bitcoin Trivia.