Solana snapped a two-day losing streak on Thursday, as bulls pushed price back towards the $25.00 level. The cryptocurrency was unable to move past this level on Monday, which then prompted the aforementioned sell-off. Cosmos continued to edge lower today, falling to its lowest level in 16 months.
Solana (SOL)
Solana (SOL) was a big mover in today’s session, after rebounding from two days of consecutive declines.
SOL/USD rose to a high at $24.40 on Thursday, which comes a day after the price fell to a bottom of $23.26.
As a result of today’s surge, the world’s seventh largest cryptocurrency climbed closer to a long-term ceiling at $25.00.
The token failed to break out of this level to start the week, which then resulted in the sell-off seen on Tuesday and Wednesday.
In order to truly move beyond this wall, solana traders will first need to add some distance from a current ceiling of 65.00 on the relative strength index (RSI).
Currently, the index is tracking at 65.06, however bul
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