Ethereum classic rallied as much as 12% in today’s session as cryptocurrency markets rallied to start the weekend. Global market capitalization is trading 3% higher at the time of writing, as investors continue to buy cryptocurrencies following the recent banking crisis. Solana has also been superior in today’s session.
Classic Ethereal (ETC)
Classic Ethereal (ETC) rose as much as 12% in today’s session as traders continued to pump cryptocurrency.
After a low of $19.14 on Friday, ETC/USD moved as high as $22.46 to start the weekend.
The move came as Ethereum Classic rallied back above a recent bottom at $20.00, hitting its strongest point since Feb. 22 in the process.
Looking at the chart, the rally also coincided with the 14-day RSI breaking a top at the 58.00 mark.
At time of writing, the index sits at 60.22, which is its highest reading since February 2.
The next visible point of resistance looks to be a top at 65.00, which could lead to ETC approaching the $25.00 mark.
Solana (SUN)
In addition to ETCsolana (SOL) was also in the green to start the weekend, with prices trading as much as 9% higher.
SOL/USD rose to a high of $22.54 earlier in today’s session, after falling to $19.94 the day before.
As a result of Saturday’s surge, the sunshine has now moved to its strongest point since late February.
as with ETCa catalyst for the move was a breakout that took place in the RSI indicator.
At time of writing, the index is now at 55.71, which is above the previously mentioned ceiling at 50.00.
In the near term, the bulls may try to send the token to $23.00, which is the next key price point for SOL.
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