Solana (SOL) Gearing Up for New ATH — Will Monero Follow the Altcoin Surge?

Sunday, 20 October 2024, 06:06

Solana (SOL) is on the verge of reaching new all-time highs, raising questions about whether Monero will join this altcoin surge. With growing transaction volumes and bullish signals, both cryptocurrencies are capturing investor interest. This article explores the market dynamics and potential growth opportunities for Solana and Monero.
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Solana (SOL) Gearing Up for New ATH — Will Monero Follow the Altcoin Surge?

Solana Shows Bullish Momentum, Targets Key Resistance at $162

Over the past month, Solana’s price has climbed more than 16%, exhibiting strong bullish momentum. Currently trading between $138 and $154, it sits near its 10-day and 100-day moving averages around $153. An RSI of 54 signals moderate buying pressure, while a positive MACD reinforces the upward trend. If Solana breaks through the nearest resistance at $162, it could gain about 11%. Further movement towards the next resistance at $179 offers potential growth of around 22% from current levels. These indicators suggest that bulls are influencing the market. With this favorable setup, purchasing Solana could be timely.

Monero Gains Momentum as Bulls Target Key Resistance Levels

Monero’s price is climbing, hovering between $143 and $154. In the past week, it has gained over 5%, showing strong upward movement. The next obstacle for buyers is the $160 resistance level. If the price breaks through this, it could reach $172, offering significant potential gains. The Relative Strength Index is near 70, indicating increased buying interest. Despite this, the price is below the 10-day and 100-day moving averages, suggesting there is still room for growth. This setup appears favorable for those looking to purchase Monero.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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