Biggest Movers: ATOM, SOL Remain Close to Multi-Week Highs, as Markets Consolidate Recent Gains

Cosmos climbed by arsenic overmuch arsenic 5% successful Wednesday’s session, arsenic the token remained adjacent to a multi-week high. Cryptocurrency markets consolidated caller gains successful today’s session, with the planetary marketplace headdress down by 0.24% arsenic of writing. Solana continued to commercialized supra $20.00, arsenic prices consolidated.

Cosmos (ATOM)

Cosmos (ATOM) was erstwhile again successful the green, arsenic prices remained adjacent to a caller multi-week high.

Following a precocious of $13.47 connected Tuesday, ATOM/USD deed a highest of $13.41 earlier successful today’s session, earlier prices person since plunged.

Since hitting a three-week precocious during yesterday’s session, cosmos bulls person moved to consolidate gains, with ATOM present trading astatine $12.55.

ATOM/USD – Daily Chart

Overall, bulls person seemingly moved to instrumentality profits, pursuing a failed breakout effort of the $13.50 ceiling.

Looking astatine the chart, the diminution comes arsenic the 14-day comparative spot scale (RSI) was besides incapable to determination past a absorption portion of its ain astatine 57.00

As of writing, the scale is tracking astatine 51.52, with a level astatine 50.00 a imaginable destination for traders.

Solana (SOL)

In summation to ATOM, solana (SOL) besides remained adjacent a caller high, contempt marketplace sentiment shifting successful today’s session.

SOL/USD fell to a debased of $20.31 earlier successful today’s session, hours removed from a highest astatine the $22.11 mark.

Yesterday’s precocious saw solana commercialized astatine its strongest constituent since March 2, erstwhile the token was trading adjacent to $23.00.

SOL/USD – Daily Chart

From the chart, it appears that the SOL bulls began shifting distant from earlier positions, pursuing a collision with a ceiling connected the RSI.

Price spot deed a constituent of absorption astatine the 50.00 level, which has been successful spot since late-February.

As of writing, the scale is present tracking astatine 48.91, with the adjacent disposable level astatine the 45.00 level.

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Has the caller bull question wholly faded? Let america cognize your thoughts successful the comments.

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