Biggest Movers: XMR and SOL Higher on Monday

Despite BTC and ETH trading little connected Monday, respective cryptocurrencies managed to determination higher to commencement the week. XMR was 1 of the biggest climbers, with solana besides moving higher during the session.

Monero (XMR)

XMR was 1 of Monday’s biggest gainers, arsenic prices roseate by astir $20 from lows during Sunday’s session.

Following a debased of $128.00 connected Sunday, XMR/USD rallied to an intraday precocious of $174.62 to commencement the trading week.

Monday’s apical came arsenic prices surged for 4 consecutive sessions, hitting a adjacent one-week precocious successful the process.

XMR/USD – Daily Chart

Since these highs earlier successful the day, XMR is present trading marginally beneath a ceiling of $173.00, arsenic bullish spot faded arsenic the time progressed.

The 14-day RSI is present trading astatine a absorption level of its own, which is beneath 43.14, and should it break, we could spot XMR interruption absorption for the archetypal clip since March.

Should this happen, prices could determination person to the $200 region. A constituent which monero past deed lone 8 days ago.

Solana (SOL)

Following 3 consecutive sessions of gains, SOL was besides higher to commencement the week, nevertheless prices declined arsenic the time progressed.

On Sunday, SOL/USD finished the time trading astatine $53, and went connected to deed a highest of $58.88 during the aboriginal portion of Monday’s session.

Since then, prices person slipped, and arsenic of penning SOL is presently trading astatine a level of $52.32, which is adjacent to a one-week low.

SOL/USD – Daily Chart

Overall, SOL has dropped by implicit $100 since the opening of April, with prices dropping beneath $35 past Thursday.

Looking astatine the chart, the 14-day Relative Strength Index is present tracking astatine 33.26, which is marginally beneath a ceiling of 36.

Bulls are apt going to effort to propulsion prices towards $70, if terms spot moves past the existent obstacle successful the RSI.

Could we spot runs higher successful upcoming sessions? Let america cognize your thoughts successful the comments.

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