• Solana (SOL) rebounded from losses to start the week, despite US inflation figures missing expectations.
• Tron (TRX) rose for a fifth consecutive session on Tuesday, breaking out of a recent ceiling in the process.
• Both tokens have seen bullish momentum in recent weeks, with moving averages trending upwards.
Biggest Movers: SOL Rebounds, TRX up for Fifth Straight Session
Solana (SOL) rose by as much as 5% on Tuesday, as prices climbed back above a recent support level. SOL/USD surged to an intraday high of $21.70 earlier in today’s session, which comes a day after trading at a bottom of $19.87. Today’s move saw the token reenter its $20.00 price floor, after a failed breakout attempt to start the week.
Recent momentum in solana has been largely bearish, and comes following a downwards crossover of the 10-day (red), and 25-day (blue) moving averages. However, bulls have moved to halt any further sell-offs, as the relative strength index (RSI) maintained a floor at 42.00 As of writing, the index is tracking at 47.46, with the 50.00 mark the next visible point of resistance.
Tron (TRX) climbed higher for a fifth straight session on Tuesday, breaking out of a recent ceiling in the process. Following a low of $0.06414 to start the week