Sol increased by 22 %, since ADA has reached the highest point since November - market tactualizations

Solana rose by up to 22 %on Monday when the upward mood returned to the cryptocurrency markets. The movement caused the token to climb its highest level since November when it was involved in the collapse of the FTX. Cardano also moved higher at the beginning of the week and rose by almost 13 %.

Solana (sol)

Solana (Sol) was one of the great promoters on Monday, since the prices of the token rose by up to 22 %.

SOL/USD rose to an intraaday high of $ 16.62 at the beginning of the week, which is reached less than 24 hours after trading at a low of $ 13.47.

Today's increase in price has driven to his strongest point since November 12th, days after the token crashed after it was exposed to the FTX/Alameda scandal.

from the chart shows that the rally on Monday after an outbreak was made at the mark of $ 15.00 on Monday.

Since the prices are now relatively overbought, there is a great probability that there could be a trend reversal in the coming days.

Cardano ( ada )

cardano ( ada ) was another remarkable winner at the beginning of the week, where

after a low of $ 0.2865 on Sunday, ada /USD earlier in today's session a high of 0.3409 $.

As with Solana, Cardano has reached its highest level since November and after a breakout came over an upper limit of $ 0.3250

If you look at the diagram, the 14-day RSI rose to a level due to today's rally that has not been reached since September 2021.

For this reason, earlier profits have decreased somewhat, and at the time of writing ada /USD is traded at 0.3247 $

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Cardano could recover beyond this level of resistance in the coming days? Share your thoughts in the comments.

Eliman Damell

Eliman brings an eclectic view of the market analysis, he was previously a broker director and trainer in retail. He currently acts as a commentator for various investment classes, including crypto, stocks and foreign exchange.

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