Biggest Movers: SOL Surges 8%, as ATOM Nears 1-Month High

Solana was up by astir 8% connected Tuesday, arsenic the token roseate for a 5th consecutive session. Recent moves person travel contempt the Christmas and New Year period, wherever marketplace volumes were somewhat muted. Cosmos was besides successful the green, arsenic prices roseate to a multi-week high.

Solana (SOL)

Solana (SOL) was 1 of the notable gainers connected Tuesday, arsenic the token climbed by arsenic overmuch arsenic 8% successful the day.

Following a debased of $11.05 connected Monday, SOL/USD surged to an intraday highest of $12.02 during today’s session.

The determination saw solana emergence for a 5th consecutive day, hitting its highest constituent since December 23 successful the process.

SOL/USD – Daily Chart

Looking astatine the chart, Tuesday’s surge comes arsenic SOL moved beyond a ceiling of $11.80, with the comparative spot scale (RSI) besides nearing a absorption point.

As of writing, the scale is tracking astatine 50.83, which is moving towards a large ceiling astatine the 53.00 mark.

This level hasn’t been deed since November 6, erstwhile solana was trading supra the $30.00 level.

Cosmos (ATOM)

In summation to solana, cosmos (ATOM) was besides successful the greenish successful today’s session, with terms climbing for a 3rd consecutive day.

ATOM/USD raced to a precocious of $10.22 connected Tuesday, which comes little than a time aft trading astatine a debased of $9.77.

This surge successful terms has pushed cosmos to its highest constituent since December 10, with it present nearing a cardinal absorption level also.

ATOM/USD – Daily Chart

As tin beryllium seen from the chart, this ceiling is astatine the $10.50 level, which was past deed connected December 5.

Recent moves successful ATOM person travel arsenic the 10-day (red) moving average, crossed implicit its 25-day (blue) counterpart.

This typically is simply a motion of existent and upcoming bullish sentiment, which could spot cosmos bulls effort to instrumentality terms supra $11.00.

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Could we spot cosmos proceed to rally this week? Let america cognize your thoughts successful the comments.

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