Biggest Movers: SOL, SHIB Remain Near Multi-Month Highs, Despite Market Consolidation

Solana started the week trading adjacent a two-month high, arsenic momentum remained marginally bullish, contempt marketplace consolidation. The planetary cryptocurrency marketplace headdress is presently trading 0.98% higher arsenic of writing. Shiba inu besides traded adjacent to caller highs, contempt declines connected Monday.

Solana (SOL)

Solana (SOL) remained adjacent a two-month precocious to commencement the week, contempt crypto markets opening to consolidate caller gains.

SOL/USD deed an intraday precocious of $24.75 connected Monday, which comes little than a time aft falling to a bottommost of $22.68.

This determination means that the token remains adjacent to this weekend’s precocious of $25.03, which was the strongest constituent for SOL since November 8.

SOL/USD – Daily Chart

From the chart, it appears arsenic sentiment successful solana is inactive somewhat bullish, which comes arsenic the 14-day comparative spot scale (RSI) continued to way supra a enactment constituent astatine 80.00.

As of writing, the scale is tracking astatine 80.18, with solana trading astatine the $23.42 terms point.

Should the scale stay astir 80.00 successful the coming days, it is apt that SOL could erstwhile again determination toward $25.00.

Shiba Inu (SHIB)

Like SOL, shiba inu (SHIB) bypassed today’s terms consolidation, maintaining caller highs successful the process.

Following a debased of $0.00001009 connected Sunday, SHIB/USD climbed to a highest of $0.00001099 earlier today.

Monday’s enactment has seen the meme coin proceed to commercialized adjacent the two-month precocious of $0.00001111, deed past Friday.

SHIB/USD – Daily Chart

Like galore cryptocurrencies past week, prices of shiba inu were mostly overbought successful caller days, with the RSI falling from a ceiling astatine 80.00.

Currently, the scale is tracking astatine 73.00, with a level astatine the 70.00 people a imaginable people for sellers.

However, bulls look to beryllium rejecting this proposition connected Monday, with immoderate eyeing a rally backmost supra $0.00001100 instead.

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Could we spot shiba inu deed a caller two-month precocious this week? Let america cognize your thoughts successful the comments.

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