Cardano rose for the second straight session to start the weekend, as the token continued to move away from a key price bottom. Cryptocurrency markets were marginally higher in today’s session, with the global market rising by 0.56% as of writing. Solana continued to consolidate on Saturday.
Cardano (ada,
Cardano (ada) surged for the second consecutive session, as the coin moved away from recent support points.
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After Friday’s low of $0.3783, ada/USD rose to an intraday high of $0.3902 to start the weekend.
As a result of this move, Cardano moved further away from the recent bottom at $0.3775 after a failed breakout attempt.
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From the charts, it appears that the bulls rejected the breakout after the 14-day Relative Strength Index (RSI) bounced off a floor at 55.00.
At the time of writing, the index is tracking at 56.96, with a potential target for traders at 60.00.
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can they reach this destination, there’s a good chance ada Will be trading above $0.4000.
Solana (Sun)
After a volatile week of trading, Solana (SOL) entered the weekend slightly higher, although price uncertainty was also high.
SOL/USD topped out at $20.71 to start the weekend a day after sitting at a low of $20.33.
Saturday’s activity shows that Solana continues to hover near a long-term bottom at $20.15, and this follows a crossover of the moving averages (MAs).
The 10-day (red) MA moved below its 25-day (blue) counterpart at the start of the week, though it was unable to extend its distance from the trendline.
This comes as the 14-day RSI is holding close to its own support point at 46.00.
Unless there is a breakout of this bottom, or a move above resistance, it is likely that SOL will continue to trend sideways.
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