Despite BTC/ETH trading lower Monday, many cryptocurrencies were able to rise to the start of the week. XMR was the top climber, while solana moved higher throughout the session.
Monero (XMR)
XMR was one of Monday’s biggest gainers, as prices rose by almost $20 from lows during Sunday’s session.
After a Sunday low of $128.00, the XMR/USD gained to $174.62 intraday to begin trading week.
Monday’s top came as prices surged for four consecutive sessions, hitting a near one-week high in the process.
XMR traded slightly below $173.00 after the highs of earlier in the morning, as bullishness faded.
The 14-day RSI trades at a resistance level, below 43.14. If it breaks, then XMR could break the resistance for first time since March.
This could lead to prices moving closer towards $200. This is the same point monero hit just eight days ago.
Solana (SOL)
After three sessions of consecutive gains, SOL also was higher to begin the week. However, prices decreased as the day went on.
On Sunday, SOL/USD finished the day trading at $53, and went on to hit a peak of $58.88 during the early part of Monday’s session.
SOL has been trading around $52.32 since that time, which is very close to its one-week low.
SOL overall has fallen more than $100 since April’s beginning, with prices falling below $35 on Thursday.
The 14-day Relative Strength Index currently tracks at 33.26. That is just marginally lower than the limit of 36.
Bulls may attempt to drive prices toward $70 if the current obstacle to the RSI’s price weakness is removed.
Were there any chances of running higher during the next session? We would love to hear your comments.
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