NEAR has risen by over 20% during today’s session, pushing prices to their highest level since late January. AXS’s price also recovered on Saturday following the hack that cost $640million.
NEAR Protocol
NEAR, which gained more than 20% in the first day of crypto market trading on Saturday was without doubt the most important gainer.
Following a low of $13.08 on Friday, NEAR/USD rallied to a peak of $16.23 in today’s session, as prices were nearly 22% higher.
Today’s peak is the highest level NEAR has traded since January 20, and has helped cement it as the world’s nineteenth largest cryptocurrency, ahead of DAI.
This was also due to price strength rising on the day with the 14-day RSI indicator currently tracking at 70.80.
The chart shows that this represents the greatest price increase since December 27, which was ironically when the prices were at their current level.
NEAR hit $20 on that occasion, so bulls may consider that as a factor when they decide whether to retain existing positions.
Solana (SOL)
After a week of a low at $60, AXS has risen by nearly 13% this Saturday after reaching a high point of $74.87.
However, this is not today’s second-biggest mover, that honor will go to SOL, which has now risen for a sixth consecutive session.
This week’s gains mean that SOL is now trading close to 37% higher from Monday’s low of $105.
SOL/USD reached an intraday peak of $138.26 at the beginning of this weekend. This is its highest level since January 18.
After battling with LUNA to be the eighth place, SOL now ranks as the sixth-largest cryptocurrency worldwide.
The 14-day RSI however shows that the prices are currently overbought. That could hinder further increases in price as we near $145 resistance.
SOL will be able make $145, despite being already too expensive? Please share your views with us in the comments.
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