Solana and Cardano The number of people buying the tokens increased by as much as 22% on Monday, with bullish sentiment returning to cryptocurrency markets. This surge sent the tokens to new highs since November, following the FTX crash.
Solana (SUN)
Solana (SOL) was one of the most notable movers on Monday, with token prices increasing to as high as 22%.
SOL/USD shot up to $16.62 intraday, only a day after it had been trading at $13.47.
Today’s SOL was at its highest point since November, twelve days after the token had been exposed in the FTX/Alameda scandal.
At the chart, the rally was triggered by a breakout of the key resistance level at $15.00.
As a result, the 14-day RSI rose to 73.26, its highest level since April 2021.
With prices currently relatively high, there is a chance of a momentum reversal in the coming days.
Cardano (ADA)
Cardano (ADA) was another token that saw significant gains in today’s session, having risen for two consecutive days.
Following a low price of $0.2865 on Sunday, ADA/USD reached a new high of $0.3409.
This is the highest point for Cardano since November 2009, following the breaking of the $0.3250 resistance level.
