Biggest Movers: SOL Gains 10%, BCH Hits Fresh 1-Year High – Market Updates Bitcoin News

29 Jun 2023 4:00 PM

Solana surged 10% on June 29, after it was confirmed that a new cross-chain bridge will let users have easier access to other blockchains....

  • Solana (SOL) surged 10% after the announcement of a new cross-chain bridge that allows easier access to other blockchains.
  • The update from Debridge enables Solana users to access Ethereum's virtual machine for the first time.
  • Bitcoin Cash (BCH) also extended its gains, reaching a fresh multi-month high.
  • SOL/USD jumped from $15.75 to $18.20, its highest point in the past 20 days.
  • The 10-day moving average is on the verge of an upward crossover with the 25-day moving average for SOL/USD.
  • The RSI for SOL/USD is nearing a breakout of a resistance point around 51.00.
  • BCH/USD surged to an intraday high of $247.64, its strongest point since May 11 last year.
  • The RSI for BCH/USD broke out of a ceiling at the 80.00 level.
  • Traders will aim for a target of $250.00 for BCH before potential sell-offs.
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You May Ask

What caused Solana's 10% surge?What is the significance of the cross-chain bridge update for Solana?What are the current price levels and moving averages for SOL/USD?What is the RSI level for BCH/USD and what does it indicate?Will Bitcoin Cash end the month above or below $250.00?

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