Solana (SOL) experienced a surge in price over the weekend, rising by as much as 5%. After hitting a low of $19.81 on Friday, SOL/USD rebounded to an intraday peak of $21.25 on Saturday. The rebound occurred after solana hit an interim floor at $19.90, which has acted as a last line of defense since the breakout below $20.00. This pattern is similar to the one seen on April 10, which led to a six-day win streak. The relative strength index (RSI) also rose above a ceiling of 45.00, currently tracking at 46.49, with the next visible point of resistance at 50.00.
Chainlink Breaks Out of Key Price Point
Chainlink (LINK) also saw a rise in price over the weekend, breaking out of a key price point. LINK/USD hit a high of $6.63, hours after falling to a low of $6.37. The rise has seen chainlink move above a long-term ceiling of $6.50, which it has been trading above for the last two months. However, the price strength has so far failed to move beyond a ceiling of 42.00, with a current reading of 41.20. A support point at 40.00 is in place in case momentum shifts. LINK is currently trading at $6.58, marginally below earlier highs.
Cryptocurrency Market Continues to Fluctuate
The cryptocurrency market has been experiencing a volatile period, with fluctuations in the prices of various cryptocurrencies. Bitcoin, the most well-known cryptocurrency, has seen a dip in price after reaching an all-time high earlier this year. However, it has been showing some signs of recovery, with a rise in price over the weekend. Other cryptocurrencies, such as Ethereum and Dogecoin, have also seen fluctuations in price. The market remains unpredictable, with investors and traders keeping a close eye on the latest developments.