Solana increases by 15 %because the Loopring Prize decreases-market tactualizations

Solana was traded almost 15 % higher on Tuesday, since the cryptoma markets were mostly in the green at the beginning of February. This is done because the markets are expected to go beyond the red wave in January.

biggest winner

The cryptocurrency markets were mostly bullish during the meeting on Tuesday, with several projects recording an increase in value at the beginning of the new month.

One of them was Solana (Sol), who has increased by 14.04 % at the present time and achieved an intra-raday high of $ 108.32.

This movement takes place when Sol/USD broke out for the first time since January 22nd through its resistance level of $ 100.

SOL/USD has mainly consolidated in the past few weeks, but has gained dynamics yesterday after it rose from its soil of $ 90.49.

As a result of this run, the 14-day RSI rose for the first time since January 4, with the resistance of 42, whereby the price strength is now 44.07.

If the price strength continues to rise, sol bulls could target the higher resistance of $ 120.

largest loser

Uniswlow and helium were some of the only noteworthy crypto bears on Tuesday, but none of them recorded the biggest price drop.

This honor went to Loopring (LRC), which currently noted 6.1 % lower and reached an intraday low of $ 0.9651 due to today's empty sales.

If you look at the diagram below, today's decline has led to LRC/USD approaching its recent support of $ 0.8854 after it was only traded yesterday with a resistance of $ 1.04.

This sale fell together with the 14-day RSI, which could not break through his latest upper limit, which has existed similarly to Solana since the beginning of January.

Despite this decline, the sliding 10-day average (red) seems to approach the 25-day average (blue), which creates the possibility of an upward cross.

could LRC do a run for $ 1.25 in this case? Share your thoughts in the comments.

Eliman Damell

Eliman brings a diversified view of the market analysis after working as a broker director, trainer in retail and market commentator in the areas of crypto, stocks and foreign exchange.

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