Shib reaches 6-week high, while Sol is expanding the latest profits-market tactualizations

Solana rose by up to 30 % on Saturday and reached a new multi -month high. The step comes because the cryptocurrency markets were significantly optimistic at the beginning of the weekend, with global market capitalization being 8.28 % higher at the time of writing. Shiba Inu has been trading at its strongest point since November.

Solana (sol)

Solana (Sol) was by far one of the greatest promoters at the beginning of the weekend, with prices skyrocketing by up to 30 %.

After a low of $ 16.52, Sol/USD today rose to an intraaday high of $ 22.37.

As a result of today's rally, the token reached its strongest point since November 9, when the price was $ 24.60.

from the chart shows that the movement began after a further outbreak via a resistance point on the 14-day relative strength (RSI).

On this occasion, the index moved over an upper limit at 80.00 and now follows 85.44.

Although the Solana bulls will turn their eyes to $ 25.00, there could be a cooling of the former rally during the day.

Shiba Inu (Shib)

Shiba Inu (Shib) was once again a remarkable winner on the cryptoma markets, like the Meme Coin has increased by over 10 % today.

Shib/USD reached a maximum of $ 0.00001081 at the beginning of the weekend after it ended the working week at a low of $ 0.000009462.

As with Solana above, this meant that the prices have been climbing to the highest level since the beginning of November.

Overall, Shiba Inu has now increased for the third time in a row and increased by 24 % in the past seven days.

previous profits already show signs of weakening, whereby the price is now being traded at $ 0.00001039.

This comes after the RSI could not break through its long -term resistance point at the 80.00 mark.

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Do you expect cryptocurrencies to remain bullish all weekend? Share your thoughts in the comments.

Eliman Damell

Eliman brings an eclectic point of view to the market analysis. Previously, he was a brokerage director and online trading instructor. He currently acts as a commentator for various investment classes, including crypto, stocks and foreign exchange, and is also the founder of a startup.

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