Biggest Movers: SOL Up 11%, BCH Hits Strongest Point Since July
Solana (SOL) saw a settlement of over 11 percent in Monday’s session as the token had already hit a multi-month high earlier in the day and on Sunday we can see that after a low of $24.04, the week is up. To begin with, the coin hit a one-day high of $26.93.
The event resulted in the coin climbing to its highest point since November 8th when its price reached a high of $31.78 and this is the fourth straight session that Solana has seen an increase and in the process it took the price to $26.00. Dollar has broken out of key levels and further we can see that 14 day Relative Strength Index (RSI) has read from its higher range of 62.00 and currently it is tracking the index at 63.58, and if it moves above If it continues in that direction, it may reach $30.00 in the coming days.
Another notable gainer on Monday has been Bitcoin Cash which has reached its highest point in the past several months. BCH/USD reached its high of $146.83 earlier in the day and after trading to a low of $134.55 on Sunday we see Bitcoin Cash in a rally not seen since July 31 when the cryptocurrency hit $150.00. and this comes after crossover with its 25-day (blue) as the 10-day (red) moving average and also we can see that the Relative Strength Index is also trading above the 16-day has moved to higher levels, and is tracking 65.85 which is near the 66.00 high. If the price strength overcomes this hurdle, BCH bulls will likely retest the $150.00 mark.