LTC hits 6-month high, whilst SOL rebounds from all-time low.
In addition to this, the 14-day relative strength index continued to maintain recent momentum, moving to a top of 71.01 on Wednesday.
The next visible ceiling appears to be the 73.50 mark, and should this point hold firm, we may see traders begin to secure earlier gains.Solana was another notable gainer in today’s session, as the token rebounded from recent lows. SOL/USD, which fell to an all-time low of $10.94 on Tuesday, rallied to an intraday high of $13.39 in today’s session.
As a result of today’s surge, solana, which has been one of the most impacted tokens following the FTX collapse, was back above a floor of $12.00.In addition to the price floor, the RSI index also moved past a floor of its own at 30.00, and is currently tracking at 31.76. Looking at the chart, the next visible resistance level appears to be the $14.50 mark, which may be where bulls are hoping to take prices.Register your email here to get weekly price analysis updates sent to your inbox:
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