The crypto-market today observed mixed trading signals, with some coins dipping on their charts while others either consolidated or rallied.
For example, Solana has been trading flat with a small decrease over the last 24 hours, and it might be around its two-week low. VeChain noted an appreciation of 4.7% and secured its one-week high with an uptrend.
Finally, Synthetix had double-digit gains of 16.1%, signaling overbought circumstances.
[SOL] Solana
Solana declined by 1.3% over the last 24 hours and was trading at $160.27. Over the last several days, the currency has shown signs of consolidation. The nearest support line lay at $125.96 – Also the two-week low price level for Solana. The altcoin’s other major support level was $93.20.
Solana’s price took a hit after the sell-off, with the same pictured by the Relative Strength Index dropping below 50.
Small green histograms were detected by the MACD, indicating sideways trading action. The Awesome Oscillator also flashed green signal bars.
Solana’s overhead resistance was at $188.53 on the upswing, and then at $214.03, its multi-month high.
Solana recently reported a 17-hour outage as the coin’s transactional network met with a stoppage.
Synthetix [SNX]
Synthetix gained 16.1% in 24 hours and was now trading at $15.53. The altcoin can attempt to topple its immediate price resistance of $15.88. This was the last time Synthetix traded at this level, which was 5 months ago. On the four-hour chart, Synthetix’s price was seen above the 20-SMA. This suggested that price momentum belonged to the buyers.
According to the aforementioned findings, the Relative Strength Index was inside the overbought region. The MACD noted a bullish crossover and continued to flash green histograms. Green signal bars grew in size on the Awesome Oscillator.
A corrective price drop is possible, and SNX may find itself trading near its one-week low of $11.07 in that event. Below that price floor, SNX could sit on the $9.82 price level.
The Synthetix Improvement Proposal is responsible for Synthetix’s double-digit gains (SIP)
VeChain [VET]
VET rose by 4.7% over the aforementioned period and was priced at $0.120. The coin’s immediate resistance level was $0.124. If the coin pushes through the ceiling, then it would mark a one-week high for the coin. VeChain might attempt to break over $0.139, retesting its multi-month high of $0.154, if it rises above $0.124.
The MACD continued to note green histograms. As purchasing strength remained positive, the Relative Strength Index was observed above the half-line. The Awesome Oscillator flashed one red signal bar as the last trading session was in the red.
VET might fall to its one-week low of $0.109 if purchasing pressure shifts south. Trading below the $0.109-mark would mean VeChain rests on the $0.104 price floor.
