Solana moved to a six-week high on Wednesday, as markets reacted to the latest inflation figures from the United States. The consumer price index (CPI) fell to 5% in March, lower than the 5.2% sum many had expected. Ethereum classic also moved higher, nearing a multi-week high.

Solana (SOL)

Solana (SOL) extended yesterday’s 15% gain on Wednesday, as the token rose for a fourth straight session.

SOL/USD raced to an intraday high of $24.34 earlier in today’s session, which comes a day after the price was at a low of $22.42.

Following today’s surge in price, SOL move to its strongest point since February 21, when it traded at a high of $24.71.

Looking at the chart, Wednesday’s rally came as solana bulls took the token beyond a key resistance level of $24.00.

One of the catalysts for this breakout was the 14-day relative strength index (RSI), which moved beyond a ceiling of its own at 64.00.

At the time of writing, the index is now tracking at 66.65, which is marginally below a higher resistance level of 68.00.

Ethereum Classic (ETC)

Ethereum classic (

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Author: Eliman Dambell

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