SOL Surges 8%, as ATOM Nears 1-Month High – Market Updates Bitcoin News

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Solana was up by nearly 8% on Tuesday, because the token rose for a fifth consecutive session. Current strikes have come regardless of the Christmas and New Yr interval, the place market volumes had been considerably muted. Cosmos was additionally within the inexperienced, as costs rose to a multi-week excessive.

Solana (SOL)

Solana (SOL) was one of many notable gainers on Tuesday, because the token climbed by as a lot as 8% within the day.

Following a low of $11.05 on Monday, SOL/USD surged to an intraday peak of $12.02 throughout immediately’s session.

The transfer noticed solana rise for a fifth straight day, hitting its highest level since December 23 within the course of.

Biggest Movers: SOL Surges 8%, as ATOM Nears 1-Month High
SOL/USD – Each day Chart

Trying on the chart, Tuesday’s surge comes as SOL moved past a ceiling of $11.80, with the relative power index (RSI) additionally nearing a resistance level.

As of writing, the index is monitoring at 50.83, which is transferring in direction of a serious ceiling on the 53.00 mark.

This degree hasn’t been hit since November 6, when solana was buying and selling above the $30.00 degree.

Cosmos (ATOM)

Along with solana, cosmos (ATOM) was additionally within the inexperienced in immediately’s session, with value climbing for a 3rd straight day.

ATOM/USD raced to a excessive of $10.22 on Tuesday, which comes lower than a day after buying and selling at a low of $9.77.

This surge in value has pushed cosmos to its highest level since December 10, with it now nearing a key resistance degree additionally.

Biggest Movers: SOL Surges 8%, as ATOM Nears 1-Month High
ATOM/USD – Each day Chart

As might be seen from the chart, this ceiling is on the $10.50 degree, which was final hit on December 5.

Current strikes in ATOM have come because the 10-day (pink) transferring common, crossed over its 25-day (blue) counterpart.

This usually is an indication of present and upcoming bullish sentiment, which might see cosmos bulls try and take value above $11.00.

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May we see cosmos proceed to rally this week? Tell us your ideas within the feedback.

Eliman Dambell

Eliman brings an eclectic perspective to market evaluation, he was beforehand a brokerage director and retail buying and selling educator. Presently, he acts as a commentator throughout numerous asset lessons, together with Crypto, Shares and FX.

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