Biggest Movers: ETC up 12%, as SOL Nears 1-Month High

March 18, 2023

Ethereum traditional rose by as a lot as 12% in at the moment’s session, as cryptocurrency markets rallied to begin the weekend. The international market cap is buying and selling over 3% larger on the time of writing, as traders proceed to purchase crypto following the latest banking disaster. Solana was additionally larger in at the moment’s session.

Ethereum Classic (ETC)

Ethereum traditional (ETC) rose by as a lot as 12% in at the moment’s session, as merchants continued to pump cryptocurrencies.

Following a low of $19.14 on Friday, ETC/USD moved to a excessive of $22.46 to begin the weekend.

The transfer got here as ethereum traditional rose again above a latest ground at $20.00, hitting its strongest level since February 22 within the course of.

Looking on the chart, the rally additionally coincided with the 14-day relative power index (RSI) breaking out of a ceiling on the 58.00 mark.

As of writing, the index is monitoring at 60.22, which is its highest studying since February 2.

The subsequent seen level of resistance seems to be a ceiling at 65.00, which might result in ETC transferring nearer to the $25.00 mark.

Solana (SOL)

In addition to ETC, solana (SOL) was additionally within the inexperienced to begin the weeknd, with costs buying and selling by as a lot as 9% larger.

SOL/USD rose to a peak of $22.54 earlier in at the moment’s session, after falling to a ground at $19.94 the day prior.

As a results of Saturday’s surge solana has now moved to its strongest level since late-February.

Like with ETC, a catalyst for the transfer was a breakout which passed off on the RSI indicator.

As of writing, the index is now monitoring at 55.71, which is above the aforementioned ceiling at 50.00

In the short-term bulls could try to ship the token to $23.00, which is the subsequent key value level for SOL.

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Do you consider that solana will hit $23.00 this weekend? Let us know your ideas within the feedback.