Solana extended recent gains on Saturday, as the token rose for a third straight session to start the weekend. Today’s move came following a breakout of a key price level, despite the global crypto market cap consolidating. Avalanche also rallied, climbing by as much as 10%.
Solana (SOL)
Solana (SOL) was a notable gainer in the crypto market for a third straight day, with today’s move taking price to an eight-week high.
Following a low of $20.19 on Friday, SOL/USD jumped to an intraday peak of $22.40 to start the weekend.
As a result of the surge, solana raced past a ceiling of $22.00, hitting its highest point since May 6 in the process.
From the chart, the move occurred as the relative strength index (RSI) jumped beyond a ceiling at the 69.00 mark.
At the time of writing, the index is tracking at 70.70, with the next visible point of resistance at 75.00.
Should the index reach this point, there is a good chance that SOL will climb to $23.00.
Avalanche (AVAX)
Another notable gainer on Saturday was avalanche (AVAX), which rose by nearly 10% in today’s session.
AVAX/USD climbed to a high of $13.85 earlier in today’s session, a day after trading at a low of $12.60.
The move resulted in avalanche jumping to its strongest level since June 9, after breaking out of a resistance level of $13.50.
One of the catalysts of this rally was the 14-day RSI breaking out of its own ceiling at the 57.00 mark.
The index is now tracking at 58.73, and looks to be making strides for a higher point of resistance at 62.00.
Additionally, the 10-day (red) moving average has just avoided a downward crossover, with momentum once again shifting upward.
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