SOL extends recent gains, moving 15% higher on Wednesday.
Solana extended recent gains on Wednesday, as the token rose by as much as 15% in today’s session. The move saw prices hit their highest point since mid-December, and comes as market sentiment has shifted in a bullish direction. Cardano was also in the green, as it hit a one-week high today.SOL/USD surged to a high of $14.10 earlier in the day, less than a day after trading at a low of $11.83.
Today’s rally saw the token climb to its highest point since December 15, when it last collided with a resistance level of $14.50.Looking at the chart, Wednesday’s surge comes as SOL moved beyond a ceiling of 53.00 on the relative strength index .Bulls in solana will likely continue to attempt a breakout of a ceiling at $14.50 in the coming days.
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