Fun

Biggest Movers: SOL Over 8% Higher to Start the Week

News Feed - 2023-03-21 01:03:51

Biggest Movers: SOL Over 8% Higher to Start the Week


Solana rose by as much as 8% to start the week, as the token moved toward a one-month high. The token climbed for a second straight session, as the global banking crisis pushed investors towards cryptocurrencies. Chainlink was also higher, hitting a three-week high. Solana (SOL)


Solana (SOL) moved closer to a one-month high to start the week, as prices surged by as much as 10% in today’s session.


Following a low of $21.59 on Sunday, SOL/USD raced to an intraday peak of $23.83 earlier in the day.


As a result of Monday’s move, solana has now moved to its strongest point since late-February. SOL/USD – Daily Chart


Overall, the token is now trading nearly 10% higher from the same point last week, when price was below $20.00.


Today’s surge has come following a breakout of a ceiling on the 14-day relative strength index (RSI).


As of writing, the index is tracking at 58.85, which is marginally higher than its ceiling at the 57.00 mark. Chainlink (LINK)


In addition to SOL, chainlink (LINK) was also in the green to start the week, with prices trading by as much as 3% higher.


LINK/USD rose to a peak of $7.38 earlier in the day, which comes less than 24 hours after falling to a low of $6.99.


This surge has seen chainlink move to its highest level since March 2, when the token was trading at a high of $7.57. LINK/USD – Daily Chart


Like with solana, a catalyst for the move was a breakout which took place on the RSI indicator.


As of writing, the index is tracking at 57.00, which is marginally higher than the aforementioned resistance at 55.00


Should this upward momentum continue in the coming days, LINK will likely collide with a ceiling at $7.60.


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


Do you believe that chainlink will hit $7.60 this week? Let us know your thoughts in the comments. Eliman Dambell


Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder. Bitcoin, Ethereum Technical Analysis: BTC Starts the Week Above $28,000, as Global Banking Crisis Worsens MARKET UPDATES | 10 hours ago Bitcoin Surges by More Than 37% Against US Dollar This Week, Taps $28K on Sunday MARKET UPDATES | 1 day ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleBYDFi Exchange Partners With Jumio to Help Build User Trust Next articleRevolutionary DeFi Protocol IPOR to Be Listed on Bitget on Mar 22nd, 2023 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 ItCentral Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year


The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale Survey: Adoption in Argentina Grows, With 12 out of 100 Adults Having Invested in Crypto Economist Predicts the Fed"s Response to Inflation Will Push Crypto Higher Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip Design

News Feed

Helen Partz9 hours agoBinance limits withdrawals in Europe, cites payment processor issuesIn a since-deleted customer service message, Binance said that the failed withdrawals were caused by temporarily suspended euro tr
Australia Suspends Financial Services License of Local FTX Entity
Australia Suspends Financial Services License of Local FTX Entity Australia’s securities regulator has suspended the license of the Australian unit of the bankrupt crypto exchang
Can Bitcoin Hit $200,000 Only If The Dollar Falls? Bitwise CIO Answers
Este artículo también está disponible en español. Matt Hougan, Chief Investment Officer of Bitwise Asset Management, addressed a pressing question among investors: Does t
An Unknown Miner Commands More Than 51% of BSV’s Hashpower, Consecutive Strings of Empty Blocks Makes Chain Unreliable
An Unknown Miner Commands More Than 51% of BSV’s Hashpower, Consecutive Strings of Empty Blocks Makes Chain Unreliable A single miner has managed to overtake a large portion of t
Kyrgyzstan Central Bank Is Set to Introduce Bills to Monitor Crypto Exchanges Activities and Forcing Them to Apply for Permits
Kyrgyzstan Central Bank Is Set to Introduce Bills to Monitor Crypto Exchanges Activities and Forcing Them to Apply for Permits The National Bank of the Kyrgyz Re
A return to $50K? 5 Things to know in Bitcoin this week
William Suberg9 minutes agoA return to $50K? 5 Things to know in Bitcoin this weekBTC price performance is getting Bitcoin traders ready for a retest of lower support levels in the short term.106 Total viewsListen to art
Traders see ETH’s $3.2K pullback as a ‘buy’ while ETFs build steam
Ciaran Lyons7 hours agoTraders see ETH’s $3.2K pullback as a ‘buy’ while ETFs build steamAnalysts believe Ether will see “tremendous” price action once spot ETFs build momentum, similar to Bitcoin after the lau
Macroeconomic Trends Boost Bitcoin and Gold, US Dollar Index Shows Bearish Double-Top
Macroeconomic Trends Boost Bitcoin and Gold, US Dollar Index Shows Bearish Double-TopAccording to a number of reports and commentary from financial analysts, the world is “dro
Thailand launches regulatory sandbox to test crypto services
Helen Partz11 hours agoThailand launches regulatory sandbox to test crypto servicesThailand has been moving toward a more crypto-friendly stance throughout 2024, approving a Bitcoin ETF, initiating tax breaks for crypto
Grayscale’s Bitcoin ETF records lowest outflows since conversion
Ana Paula Pereira4 hours agoGrayscale’s Bitcoin ETF records lowest outflows since conversionGrayscale’s GBTC posted $44.2 million in withdrawals on Feb. 23, marking its lowest daily volume since transitioning to an E
Marathon Secures 254 Megawatts to Bolster Company’s 2023 Bitcoin Mining Goals
Marathon Secures 254 Megawatts to Bolster Company"s 2023 Bitcoin Mining Goals The bitcoin mining operation Marathon has announced the company has secured 254 megawatts of new hosti
Binance Forming Crypto Industry Recovery Fund to ‘Reduce Further Cascading Negative Effects of FTX’
Binance Forming Crypto Industry Recovery Fund to "Reduce Further Cascading Negative Effects of FTX" Cryptocurrency exchange Binance is forming an industry recovery fund to “r