Biggest Movers: SOL Move to Multi-Week Highs on Tuesday
Solana
was one of Tuesday’s big gainers, rising to a multi-week high following a ‘death cross’ of moving averages.
The move came despite the global market cap falling marginally lower as of the time of writing. Ton coin was another notable mover, rising for a sixth-straight day.
SOL/USD peaked at $25.24 during today’s session, which follows up from a low of
$24.35 to start the week. This climb saw solana trade at its highest point since July 29, when price reached a high of
$25.39.
The move came as the
10-day (red) moving average crossed over its 25-day (blue) counterpart.
Should upward momentum continue to intensify, the next target for traders will likely be around the
$26.00 mark.
