Solana and Tron, two of the largest cryptocurrencies, have both demonstrated bullish behavior this week, as the market continues to consolidate. The token recovered from earlier losses within the week, and Tron is continuing to rally for a fifth consecutive session. Meanwhile, US inflation numbers came in lower than expected.
Solana (SUN)
Solana (SOL), has experienced a strong surge on Tuesday, with prices climbing above the current support level. SOL/USD rose to a peak of $21.70 during intraday trading, one day after it had traded as low as $19.87.
Today’s move has sent it back to its minimum value of $20.00, following an unsuccessful breakout attempt at the start of the week. The trend has been predominantly bearish after crossing the 10-day (pink) and 25-day (blue) moving averages.
Currently, the RSI is at 47.46, having started at 42.00. The 50.00 mark is the next seen level of resistance.
Tron (TRX)
Tron (TRX) has continued its bullish run for a fifth consecutive session Tuesday, pushing it to a new peak since last Thursday. TRX/USD rose to an intraday high of $0.06638, after starting the week at a low of $0.06414.
