Solana, Ethereum and Ethereum Classic Price Analysis: August 13
The cryptomarket’s altcoins made up slightly for the losses incurred yesterday. Ethereum’s 0.2% gain helped it continue trading above the 3K mark, while ETC touched a one-month high. SOL, amidst developmental news, remained bullish with a 5.1% increase over the last 24 hours.
Solana rose 5.1% on its chart over the last 24 hours as its price stood at $42.66.Despite its jump, the alt failed to topple $43.52 resistance which obstructed its recovery towards the May record highs.
Awesome Oscillator signalled a bullish trading session with the emergence of a green signal bar. MACD possibly suggested a short term bullish crossover for SOL.
Relative Strength Index, on the other hand, remained optimistic as it was spotted well above the half-line near the 60-mark.
Recently, Wormhole, a communication bridge between SOL and other DeFi networks launched their multichain connector which focuses on highlighting interoperability. Solana and Terraform labs joined hands with the project.
ETH appreciated by 0.2% over the last 24 hours while prices rested above the $3000 mark. The current price of ETH was $3117 and it mounted as much as 90% over the last three weeks. As the weekend rally suffered a pullback, ETH might retreat further to find support on $3104 and eventually $2957.
Awesome Oscillator flashed sell signals for the coin. Red histograms were visible on the MACD substantiating bearish movement in the market.
Bollinger Bands were constricted, implying that market volatility is not anticipated over the upcoming trading sessions immediately. If London Fork continues to affect prices positively, ETH could manage to retest $3249.50.
Ethereum Classic also registered gains of 0.5% since yesterday, the altcoin was priced at $61.42. ETC also registered a one month high after it managed to touch the $63.98 resistance mark yesterday. Despite ETC’s northbound movement, the Awesome Oscillator hasn’t negated the presence of the bears in the market just yet.
Conversely, Relative Strength Index remained bullish above the half-line implying buying pressure in the market. Chaikin Money Flow corresponded with more inflows than outflows in the market, although it noted a tiny downtick at the time of writing.
On the upside, if ETC manages to topple the $63.98 resistance it would be eying $66.81.