SOL hits 3-week high, whilst ADA consolidates ahead of FOMC interest rate decision.
The token rose for a second consecutive day, hitting a key price ceiling in the process. Cardano mainly consolidated on Wednesday, as prices fell from a recent high.Following a low of $13.61 on Tuesday, SOL/USD raced to an intraday high of $14.68 earlier in today’s session.
As a result, solana moved to its strongest point since November 26, which is the last time prices were trading above a key ceiling of $14.70.Looking at the chart, this resistance point has yet to be broken following today’s gains, with SOL trading at $14.67 as of writing. The 14-day relative strength index also rose, and is currently tracking at 48.36, however it also failed to break out of a resistance level.
As of writing, the index remains below a ceiling of 49.00, which appears to be the main obstacle in place, preventing any further surges.
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