Solana moved to a six-week high on Wednesday, as markets reacted to the latest inflation figures from the United States. The consumer price index fell to 5% in March, lower than the 5.2% sum many had expected. Ethereum classic also moved higher, nearing a multi-week high.Solana extended yesterday’s 15% gain on Wednesday, as the token rose for a fourth straight session.
SOL/USD raced to an intraday high of $24.34 earlier in today’s session, which comes a day after the price was at a low of $22.42. Following today’s surge in price, SOL move to its strongest point since February 21, when it traded at a high of $24.71.Looking at the chart, Wednesday’s rally came as solana bulls took the token beyond a key resistance level of $24.00.
One of the catalysts for this breakout was the 14-day relative strength index , which moved beyond a ceiling of its own at 64.00. At the time of writing, the index is now tracking at 66.65, which is marginally below a higher resistance level of 68.00.
Folks are finally understanding Ethereum Classic is the real Ethereum Real decentralized blockchain technology
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Happy to see that one
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can someone explain why solana has such a rapid rise in price? oo
The scenario of Bitcoin going to zero does not exist anymore. BTC is playing much the same role as gold did in the early days of banking. You all should Follow Bnb_7h she knows her stuff when it comes to BTC and other Cryptos,her tweet have been really helpful over the years
We’re going to 50$.
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