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Biggest Movers: ADA, SOL Jump 9% Higher on Wednesday – Market Updates Bitcoin News

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ADA, SOL surge by 9% on Wednesday.

Following a low of $0.38 on Tuesday,Today’s surge in price saw cardano climb to its highest point in six days, since when the token was trading above a ceiling at $0.4200.Looking at the chart, Wednesday’s move came as the relative strength index broke free of a resistance level at 53.00.

At the time of writing, the index is now tracking at 55.12, with an upcoming ceiling of 58.00 a potential target for bulls.will move back above its aforementioned point of resistance.Additionally solana was another notable mover on Wednesday, as the token was also nearly 9% higher. SOL/USD rose to a peak of $22.92 earlier in the day, after almost breaking out of a floor at $20.00 the day prior.

As a result of today’s gains, solana is now on the cusp of colliding with its long-term ceiling at $23.00.Although the RSI has risen above a ceiling at 50.00 in today’s session, it will need to move beyond the 55.00 mark in order to reach the above target.Register your email here to get weekly price analysis updates sent to your inbox:

 

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