Bitcoin and Solana are encountering significant resistance as both cryptocurrencies reach extreme Relative Strength Index (RSI) levels. Bitcoin is currently priced at $94,481 with an RSI of 94.72, while Solana is trading at $139.44 with an RSI of 91.59. These elevated RSI levels suggest potential overbought conditions, raising the possibility of either a breakout or a pullback.
Bitcoin is trading within a 4-hour order block between $93,800 and $94,600. A successful breakout above $94,800 could pave the way for Bitcoin to reach $100,000. Conversely, a rejection at this level might lead to a pullback to $91,000. Similarly, Solana is approaching a daily order block between $142 and $144. Breaking above $144 could see Solana surge past $150, while a rejection might result in a retest of the $132 to $135 range.
Bitcoin and Solana Hit Parabolic Resistance Amid High RSI Levels
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