ETH

Strong Performance At The Turn Of The Month

Strong Performance At The Turn Of The Month

Solana (SOL/USD) has closed the first Sunday of October at $173, a weekly increase of over 25%. Currently the token of Solana Network, the 6th biggest coin by marketcap, is trading just a touch below $170 as the week begins. It happened to only be about a day or more like a few 4-hr candle closes after my last week’s Solana insight was posted on cryptodaily.co.uk when SOL decided it had enough of the declining channel and made a significant move. From 29th Sep it took 4 days for the price action to rise up as high as $178 during the last day of the week (intraday high on Sunday 3rd Oct). Finally above the 50 MA by a solid margin of nearly $20, is the sky finally clear enough for the new cryptomarket ‘darling’ asset (up by 27-28% compared to between 10% and 11% in the green for ETH/USD and BTC/USD – week to week) to mount a fresh attack on the ATH? (current ATH @ $216 on 9th Sep 21)

                                   

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