Biggest Movers: ETC up 12%, as SOL Nears 1-Month High
Ethereum classic rose by as much as 12% in today’s session, as cryptocurrency markets rallied to start the weekend. The global market cap is trading over 3% higher at the time of writing, as investors continue to buy crypto following the recent banking crisis. Solana was also higher in today’s session.
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Ethereum Classic (ETC)
Ethereum classic (ETC) rose by as much as 12% in today’s session, as traders continued to pump cryptocurrencies.
Following a low of $19.14 on Friday, ETC/USD moved to a high of $22.46 to start the weekend.
The move came as ethereum classic rose back above a recent floor at $20.00, hitting its strongest point since February 22 in the process.
Looking at the chart, the rally also coincided with the 14-day relative strength index (RSI) breaking out of a ceiling at the 58.00 mark.
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As of writing, the index is tracking at 60.22, which is its highest reading since February 2.
The next visible point of resistance appears to be a ceiling at 65.00, which could lead to ETC moving closer to the $25.00 mark.
In addition to ETC, solana (SOL) was also in the green to start the weeknd, with prices trading by as much as 9% higher.
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SOL/USD rose to a peak of $22.54 earlier in today’s session, after falling to a floor at $19.94 the day prior.
As a result of Saturday’s surge solana has now moved to its strongest point since late-February.
Like with ETC, a catalyst for the move was a breakout which took place on the RSI indicator.
As of writing, the index is now tracking at 55.71, which is above the aforementioned ceiling at 50.00
In the short-term bulls may attempt to send the token to $23.00, which is the next key price point for SOL.
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Do you believe that solana will hit $23.00 this weekend? Let us know your thoughts in the comments.
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