Solana surged to near a one-year high to start the week, as bulls pushed the cryptocurrency above the $35.00 level. Todayās surge comes as the global crypto market cap rallied, following a recent bout of consolidation. Avalanche also edged higher, surging by 5% today.
Biggest Movers: SOL Hits Near 1-Year High, Gaining 9% on Monday
This article was published more than a year ago. Some information may no longer be current.
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Solana ( SOL)
Solana ( SOL) was one of the notable gainers in the market on Monday, as the token climbed above the $35.00 mark.
Following a low of $32.29 on Sunday, SOL/USD rose to an intraday high at $35.17 to start the week.
This is the highest level the cryptocurrency has hit since November 6 last year, when the price was trading above $37.00.
Solana was one of the biggest tokens to fall following the FTX fraud scandal, however price has made steady gains since then.
Todayās surge comes as the relative strength index ( RSI) rallied above a ceiling at 74.00, and now sits at 77.33.
SOL remains above $35.00 as of writing, however, bulls could begin taking profits in the coming days.
Avalanche (AVAX)
Avalanche (AVAX) made sizable gains to start the week, moving by as much as 6% higher during the day.
AVAX/USD peaked at $11.60 on Monday, which comes less than 24 hours after falling to a bottom at $10.92.
This has resulted in avalanche rising to its strongest point since October 7, when price last surpassed a ceiling at $11.70.
Earlier gains have marginally faded, with AVAX now sitting at $11.57, and this comes as the RSI hit a ceiling at 70.00.
Price strength is now hovering at 69.40, however bulls will likely look to break this mark, and force a move above 70.00 in the coming days.
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Could avalanche reach $12.00 in November? Let us know your thoughts in the comments.
