Technical Analysis: Solana Surges 15%, as Loopring Price Declines – Market Updates Bitcoin News

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Solana was trading close to 15% higher on Tuesday, as loopring price declines.

Cryptocurrency markets were mostly bullish during Tuesday’s session, with several projects seeing their value rise to start the new month.

This move comes as SOL/USD broke out of its resistance level of $100 for the first time since January 22nd. As a result of this run, the 14-day RSI rose above resistance of 42 for the first time since January 4th, with price strength now tracking at 44.07.Should price strength continue to surge, SOL bulls may target the higher resistance of $120.Uniswap, flow and helium were some of the only notable crypto bears on Tuesday, however, none of these saw the biggest decline in price.

 

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