Solana was up as much as 11% to start the week as the token rallied for the fourth session in a row. Market sentiment has been mainly bullish over the past two weeks, leading prices to hit a multi-month high on Monday. Bitcoin cash also rose, reaching its strongest level since July.
Solana (SUN)
Solana (SOL) was up more than 11% in the session on Monday, as the token hit a multi-month high earlier in the day.
After a low of $24.04 on Sunday, SOL/USD rose to an intraday high of $26.93 to start the week.
As a result of this move, solana rose to its highest level since November 8, when the price peaked at $31.78.
This is the fourth session in a row that solana has risen, with prices breaking through a key resistance level of $26.00 in the process.
Adding to this, the 14-day RSI has moved past a top of its own at 62.00.
The index is currently at 63.58 and if it continues in this upward direction, the SOL could reach $30.00 in the next few days.
Bitcoin Cash (BCH)
Another notable gainer on Monday has been bitcoin cash (BCH), which also moved to its highest point in recent months.
BCH/USD rose to a high of $146.83 earlier in the day, which comes after trading as low as $134.55 on Sunday.
The rally brought Bitcoin Cash to a point not seen since July 31, when the cryptocurrency was trading above $150.00.
This occurs when the 10-day moving average (red) approaches a crossover with its 25-day counterpart (blue).
Furthermore, the RSI has also moved to a 16-day high and stands at 65.85, which is close to a 66.00 ceiling.
If price strength overcomes this hurdle, then BCH The bulls are likely to recapture the $150.00 mark.
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