Fun

Biggest Movers: SOL Hits 3-Week High, as ADA Consolidates Ahead of FOMC Meeting

News Feed - 2022-12-15 02:12:25

Biggest Movers: SOL Hits 3-Week High, as ADA Consolidates Ahead of FOMC Meeting


Solana surged to a three-week high ahead of this afternoon’s Federal Open Market Committee meeting (FOMC). The token rose for a second consecutive day, hitting a key price ceiling in the process. Cardano mainly consolidated on Wednesday, as prices fell from a recent high. Solana (SOL)


Solana (SOL) was a notable gainer on Wednesday, as prices surged to a three-week high.


Following a low of $13.61 on Tuesday, SOL/USD raced to an intraday high of $14.68 earlier in today’s session.


As a result, solana moved to its strongest point since November 26, which is the last time prices were trading above a key ceiling of $14.70. SOL/USD – Daily Chart


Looking at the chart, this resistance point has yet to be broken following today’s gains, with SOL trading at $14.67 as of writing.


The 14-day relative strength index (RSI) also rose, and is currently tracking at 48.36, however it also failed to break out of a resistance level.


As of writing, the index remains below a ceiling of 49.00, which appears to be the main obstacle in place, preventing any further surges. Cardano (ADA)


On the other hand, cardano (ADA) moved away from a recent eight-day high, as price consolidated ahead of today’s FOMC meeting.


ADA/USD fell to a low of $0.3069 earlier in the day, which comes less than a day after hitting a peak at $0.3152.


This surge in price sent cardano to its strongest point since December 5, which is the last time price was above a ceiling of $0.3270. ADA/USD – Daily Chart


From the chart, it can be seen that today’s price consolidation began following a failed breakout of the 46.00 ceiling on the RSI indicator.


Currently, the index is tracking at 43.79, with momentum appearing to be heading for a floor at 37.60.


Should price strength reach this point, it is likely that ADA will be trading close to the $0.3000 support level.


Register your email here to get weekly price analysis updates sent to your inbox: Tags in this story ada, Analysis, Cardano, FOMC, SOL, Solana


Do you expect cardano to rally following today’s interest rate decision? Let us know your thoughts in the comments. Eliman Dambell


Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX. Federal Reserve Hikes Rate by 50bps, FOMC Signals Rate to Rise to 5.1% Next Year NEWS | 2 hours ago SBF to Remain in a Bahamian Jail for 2 Months, Report Claims FTX Execs Had a Covert Chat Channel Called ‘Wirefraud’ NEWS | 8 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleSBF to Remain in a Bahamian Jail for 2 Months, Report Claims FTX Execs Had a Covert Chat Channel Called ‘Wirefraud’ Next articleNFT Sales This Week Jumped 27% Higher, Cryptopunks Rise Above Bored Apes Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItTony Hawk"s Latest NFTs to Come With Signed Physical Skateboards


Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.Today"s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits Privacy-Centric Monero Plans for July Hard Fork, Plans Include Ring Signature, Bulletproof Upgrade Fed"s Bullard Wants to Raise Bank Rate to 3.5% by Year"s End, Hints at 75 Basis Point Rate Hike Iran to Increase Penalties for Unauthorized Cryptocurrency Mining

News Feed

Survey That Asks if The Merge Could Cause an Ethereum Chain Split Sparks PoS Delay Discussions
Survey That Asks if The Merge Could Cause an Ethereum Chain Split Sparks PoS Delay Discussions While there’s 50 days left until the week of September 19, the crypto communit
Japan Urges Regulators Worldwide to Subject Crypto Exchanges to Bank-Level Oversight
Japan Urges Regulators Worldwide to Subject Crypto Exchanges to Bank-Level Oversight Japan has reportedly urged other countries, including the U.S., to regulate crypto exchanges li
Shiba Inu Market Struggles Might Just Be The Calm Before A 400% Storm
Este artículo también está disponible en español. The once dominant Shiba Inu (SHIB) is enduring a severe cryptocurrency downturn, seeing a significant 26% price reductio
$8M Worth of ‘Sleeping’ Bitcoin Rewards from 2010 Moved the Day Before ‘Black Thursday’
$8M Worth of "Sleeping" Bitcoin Rewards from 2010 Moved the Day Before "Black Thursday"Over a half a million dollars worth of bitcoin from a May 2010 coinbase reward was transferred
Tom Mitchelhill3 hours agoWorldcoin to cease paying Orb operators in USDC as early as NovemberAside from ditching USDC for its native token, Worldcoin announced some changes to the terms of its WLD loans to market makers
Bitcoin Consolidates Below ATH – Buying Pressure Weakens As Equities Outperform
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Gareth Jenkinson13 hours agoPolygon co-founder: $1B bet on ZK-rollups paying offPolygon has allocated an estimated $1 billion on zero-knowledge technology underpinning its Ethereum scaling layer-2 solutions.2252 Total vi
Bank Buys Bitcoin in Kazakhstan, Country to Develop Crypto Exchange
Bank Buys Bitcoin in Kazakhstan, Country to Develop Crypto Exchange A financial institution and a coin trading platform in Kazakhstan have teamed up to carry out what they say is t
Nifty News: LA’s Bored Ape lovers go hungry, Bitcoiners sell $500 Game Boy dupe and more
Jesse Coghlan4 hours agoNifty News: LA’s Bored Ape lovers go hungry, Bitcoiners sell $500 Game Boy dupe and moreCalifornia’s Bored Ape burger place in Long Beach is shutting down though it hasn’t ruled out a U.S. r
Argentine Billionaire Marcos Galperin Says Bitcoin a ‘Better Store of Value Than Gold’ as Officials Plan to Print More Pesos
Argentine Billionaire Marcos Galperin Says Bitcoin a "Better Store of Value Than Gold" as Officials Plan to Print More Pesos Argentine billionaire and CEO of the
Biggest Movers: DOGE Drops Towards $0.05900 Support Level Despite Elon Musk Comments
Biggest Movers: DOGE Drops Towards $0.05900 Support Level Despite Elon Musk Comments Dogecoin was down for a third straight session, despite Elon Musk stating earlier this week tha
Market Expert Predicts Bitcoin Could Reach $100,000 Within 90 Days
Este artículo también está disponible en español. Despite the Bitcoin price consolidating between $65,000 and $68,000 over the past few days, analysts are increasingly op