SOL, SHIB remain near 2-month highs on Monday.
The global cryptocurrency market cap is currently trading 0.98% higher as of writing. Shiba inu also traded close to recent highs, despite declines on Monday.Solana remained near a two-month high to start the week, despite crypto markets beginning to consolidate recent gains.
SOL/USD hit an intraday high of $24.75 on Monday, which comes less than a day after falling to a bottom of $22.68. This move means that the token remains close to this weekend’s high of $25.03, which was the strongest point for SOL since November 8.From the chart, it appears as sentiment in solana is still somewhat bullish, which comes as the 14-day relative strength index continued to track above a support point at 80.00.Should the index remain about 80.00 in the coming days, it is likely that SOL could once again move toward $25.00.
Currently, the index is tracking at 73.00, with a floor at the 70.00 mark a possible target for sellers. However, bulls seem to be rejecting this proposition on Monday, with some eyeing a rally back above $0.00001100 instead.Tags in this story
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