Tron (TRX) rose to a multi-week high on Thursday, on the back of reports claiming that the blockchain sees nearly 5 million daily transactions.

TRX/USD peaked at $0.08322 earlier in the day, which comes following a low of $0.08043 the day before.

As a result of today’s gains, tron has now risen to its highest point since July 30, when price traded at a high of $0.08395.

TRX/USD – Daily Chart

From the chart, it appears that bulls are attempting to reach a ceiling at $0.08600, however a hurdle on the relative strength index (RSI) seems to be preventing this.

Price strength is currently tracking at 67.89, which is marginally below a ceiling at the 68.00 level.

In order for bulls to capture their price target, this aforementioned resistance point will need to be broken.

Solana (SOL) rose for a third consecutive day on Thursday, as price moved closer to the coveted $20.00 mark.

SOL/USD surged by as much as 5% in today’s session, hitting an intraday peak of $19.27 in the process.

This move comes a day after the world’s ninth largest cryptocurrency traded at a bottom of $17.96.

SOL/USD – Daily Chart

Earlier gains in price have started to ease in the last few hours, after the RSI closed in on a ceiling of 43.00.

At the time of writing, it is at a reading of 41.05, with the token marginally below today’s high, sitting at $18.84.

Although $20.00 is still clearly the short-term target, it will likely take a significant amount of bullish momentum to get there.

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