Biggest Movers: SOL, Near Protocol up by Over 10% to Start the Week

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Solana moved closer to the $40.00 mark on Monday as it rose for the sixth consecutive session at the start of the week. The ninth-largest cryptocurrency in the world gained momentum after a breakout of the $36.35 resistance point. Near Protocol was also in the green, as prices rose by over 10% on Monday.

sunshine (sun)

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Solana (SOL) climbs to a three-week high to start the week as the coin moves towards the $40.00 level

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After hitting a low of $34.48 on Sunday, SOL/USD was able to peak today’s session so far at $38.15.

Today’s rally came as the coin moved above the key resistance level of $36.30 since August 19.

Biggest movers: SOL, Protocol have more than 10% rise to start week
SOL/USD – Daily Chart
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As seen from the chart, Monday’s rally came as the 10-day (red) moving average crossed its 25-day (blue) counterpart for the first time in a month.

Moreover, the 14-day Relative Strength Index (RSI) is currently trading at 61.31, which is its strongest reading since August 13.

It is slightly below the 64.05 range, which could act as a major barrier preventing the price from rising above $40.00.


Near Protocol (Near)

Near Protocol (NEAR) was another notable mover to start the week, with prices trading near one-month highs.

Less than 24 hours after trading as low as $4.72, NEAR/USD was able to climb to a peak of $5.25 on Monday.

Monday’s surge came as close to protocol for the sixth consecutive session, with today’s highest point it has reached since August 16.

Biggest movers: SOL, Protocol have more than 10% rise to start week
NEAR/USD – Daily Chart

This recent increase in bullish momentum follows an upward crossover over the 10-day (red), and 25-day (blue) moving averages last week.

As a result of the price increase, the RSI has moved to its strongest level since August 13, and is currently tracking a reading of 64.25.

If the bulls continue to maintain the current sentiment, NEAR may continue to move closer to the target price of $5.50.

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Do you expect the near protocol to reach $5.50 in September? Let us know your thoughts in the comments.

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Credit : news.bitcoin.com

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