SOL & ADA Surge To 12-Week Highs As Crypto Market Cap Gains 6.86%

• Solana (SOL) rose by as much as 20% Saturday, hitting a 12-week high in the process.
• Cardano (ADA) also rose to its strongest point since November, with the global cryptocurrency market cap up 6.86% as of writing.
• Both tokens broke out of key resistances levels and are now targeting further gains.

The crypto market was alive with activity on Saturday as both Solana (SOL) and Cardano (ADA) rose to their highest points in the past 12 weeks. SOL/USD rose by as much as 20% in today’s session, hitting a 12-week high of $26.41 before easing off slightly. This move saw it break out of a key price ceiling of $25.00, with the 14-day relative strength index (RSI) also breaking out of a wall of its own at 73.00. As of writing, the index is tracking at 73.84 and should bulls manage to break through the 81.00 zone, then SOL could move above the $30.00 point.

Cardano (ADA) was also one of Saturday’s big movers as it raced to its strongest point since November. Following a low of $0.3364 on Saturday, ADA/USD hit an intraday peak of $0.3726 earlier today. This surge saw cardano break out of a resistance level of $0.3650, with the 14-day RSI also hitting a ceiling of 73.00. As of writing, ADA has since eased off slightly, however, it is still trading at its strongest point in the past 12 weeks.

The global crypto market cap also rose by 6.86% as of writing, with Bitcoin (BTC) up 6.03% and Ethereum (ETH) up 5.73%. With both SOL and ADA breaking out of key resistances and the wider market still bullish, traders will now be hoping for further gains throughout the weekend.