SOL near resistance level of $35.00, XMR remains close to a 2-week high.
Monero was also in the green during today’s session, extending recent gains in the process. Overall, markets attempted to rebound, following a red wave which swept through markets to start the week.Solana was mostly higher during Thursday’s session, as the token moved towards a key resistance level.
Following a low of $32.79 on Wednesday, SOL/USD rose to an intraday high of $33.92 earlier in the day. The move saw solana move closer to its ceiling of $35.00, which has mostly held firm for the past fortnight.As can be seen from the chart, today’s climb led to the 10-day moving average nearing a crossover with its 25-day counterpart.
Despite the prospect of this occurring, prices may remain lower up until the 14-day relative strength index breakout out of an upcoming ceiling of its own. The index, which is currently tracking at 49.22 is nearing a resistance mark of 51.00, which will likely be a major hurdle in preventing SOL from further gains.
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