Cryptocurrency markets have surged with global market capitalization 8.28% higher as of writing. Shiba Inu is trading at its strongest point since November 2005, while SOL is up by as much as 30%.
Solana (SOL)
Solana (SOL) saw impressive gains over the weekend, rising by as much as 30%. Following yesterday’s low of $16.52, SOL/USD hit an intraday high of $22.37.
The token achieved its highest point since November 2005 at $24.60.
The chart shows the move was initiated after the 14-day RSI broke out of the resistance ceiling of 80.00, currently at 85.44. Bulls will be keeping an eye on the $25.00 level, however the rally could start to cool off as it matures.
Shiba Inu (SHIB)
Shiba Inu (SHIB) was amongst the top-performing cryptocurrencies, climbing more than 10% and becoming the most prominent crypto coin.
At the end of the week, SHIB/USD had reached $0.000009462 but was up to $0.000081 at the start of the weekend.
This surge saw the price reach its highest levels since November 2005.
