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

Solana was up by practically 8% on Tuesday, as the token rose for a 5th successive session. Recent relocations have actually come regardless of the Christmas and New Year duration, where market volumes were rather soft. Cosmos was also in the green, as rates increased to a multi-week high.

Solana (SOL)

Solana (SOL) was among the noteworthy gainers on Tuesday, as the token climbed up by as much as 8% in the day.

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

The relocation saw solana increase for a 5th straight day, striking its acme considering that December 23 while doing so.

Looking at the chart, Tuesday’s rise comes as SOL moved beyond a ceiling of $11.80, with the relative strength index (RSI) also nearing a resistance point.

As of composing, the index is tracking at 50.83, which is moving towards a significant ceiling at the 53.00 mark.

This level hasn’t been struck considering that November 6, when solana was trading above the $30.00 level.

Cosmos (ATOM)

In addition to solana, universe (ATOM) was also in the green in today’s session, with rate climbing up for a 3rd straight day.

ATOM/USD raced to a high of $10.22 on Tuesday, which comes less than a day after trading at a low of $9.77.

This rise in rate has actually pressed universes to its acme considering that December 10, with it now nearing an essential resistance level also.

As can be seen from the chart, this ceiling is at the $10.50 level, which was last hit on December 5.

Recent relocates ATOM have actually come as the 10-day (red) moving average, crossed over its 25-day (blue) equivalent.

This generally signifies existing and approaching bullish belief, which might see universes bulls try to take rate above $11.00.

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Could we see universes continue to rally today? Let us understand your ideas in the comments.

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