Monday brought another strong Bull run for both Bitcoin Cash and Solana as cryptocurrencies continue to gain traction. Bitcoin Cash rose to its strongest positions since the first of July, peaking at $246.98 during the day. This was made possible by the recent surge and growing popularity of the ‘Uptober’ trend, as well as anticipation of the upcoming release of important US economic data. Specifically, Bitcoin Cash saw a key resistance level of $245.00 broken before retreating slightly, due in part to a collision with the 70.00 resistance point on the relative strength index (RSI). At the time of writing, BCH had declined slightly to $243.30, while its RSI had fallen to 69.53. Similarly, Solana extended its bull run for a sixth consecutive day, hitting its highest point since mid-August. Peaking at $24.60, SOL was edging closer to the key price point of $25.00 while at the same time triggering the RSI to break new highs. As of writing, the index sits at 74.33, while SOL has intermediate dropped to $23.79.

In conclusion, both Bitcoin Cash and Solana have made impressive moves to start the month of October, as traders seek to benefit from the Bull cycle and new heights are hit. Investment in both cryptocurrencies could prove a shrewd move, although much will depend on the upcoming US economic data release and the potential impact on the Bitcoin movement.



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