XMR and SOL head higher on Monday – Market Update Bitcoin News

although bitcoin and Ethereum Trading lower on Monday, several cryptocurrencies started the week higher. XMR Being one of the biggest climbers, solana also went higher during the session.

Monero (XMR)

XMR was one of the biggest gainers on Monday, as prices rose nearly $20 from Sunday’s lows.

Following Sunday’s low of $128.00, XMR/USD rallied to a session high of $174.62 at the start of the trading week.

Monday’s high came as prices surged for four straight sessions, hitting a near one-week high in the process.

Biggest movers: XMR and SOL higher on Monday
XMR/USD – daily chart

Because of these highs earlier in the day, XMR It is now trading just below the $173.00 upper limit as bullish strength fades over time.

The 14-day RSI is now at its own resistance level below 43.14, if it breaks we could see XMR It broke resistance for the first time since March.

If this happens, the price could approach the $200 area. The last point Monero touched was eight days ago.

Sunshine (SUN)

SOL also started the week higher after three straight sessions of gains, but prices fell over time.

SOL/USD closed at $53 on Sunday and peaked at $58.88 earlier in Monday’s session.

Since then, prices have slid, with SOL currently trading at $52.32 as of this writing, near a one-week low.

Biggest movers: XMR and SOL higher on Monday
SOL/USD – daily chart

Overall, SOL has lost more than $100 since early April, with prices falling below $35 last Thursday.

Looking at the chart, the 14-day RSI is currently tracking at 33.26, just below the 36 ceiling.

If the price strengthens above the current barrier on the RSI, the bulls may try to push the price to $70.

Could we see a higher run in the upcoming conference? Let us know your thoughts in the comments.

Elijah Danbell

Eliman brings an eclectic perspective to market analysis, having served as a brokerage director, retail trading educator and market commentator for cryptocurrencies, stocks and foreign exchange.

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