Fun

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

News Feed - 2023-01-04 01:01:43

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


Solana was up by almost 8% on Tuesday, as the token rose for a fifth consecutive session. Recent moves have come despite the Christmas and New Year period, where market volumes were somewhat muted. Cosmos was also in the green, as prices rose to a multi-week high. Solana (SOL)


Solana (SOL) was one of the notable gainers on Tuesday, as the token climbed by as much as 8% in the day.


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


The move saw solana rise for a fifth straight day, hitting its highest point since December 23 in the process. SOL/USD – Daily Chart


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


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


This level hasn’t been hit since November 6, when solana was trading above the $30.00 level. Cosmos (ATOM)


In addition to solana, cosmos (ATOM) was also in the green in today’s session, with price climbing for a third 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 surge in price has pushed cosmos to its highest point since December 10, with it now nearing a key resistance level also. ATOM/USD – Daily Chart


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


Recent moves in ATOM have come as the 10-day (red) moving average, crossed over its 25-day (blue) counterpart.


This typically is a sign of current and upcoming bullish sentiment, which could see cosmos bulls attempt to take price above $11.00.


Register your email here to get weekly price analysis updates sent to your inbox: Tags in this story Analysis, atom, Cosmos, SOL, Solana


Could we see cosmos continue to rally this week? Let us know your thoughts in the comments. Eliman Dambell


Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX. Declining Interest Leads to Poor Market Performance for Ethereum Proof-of-Work Forks MARKET UPDATES | 5 hours ago Bitcoin, Ethereum Technical Analysis: BTC Edges Closer to $17,000 as Market Focus Turns to FOMC Minutes MARKET UPDATES | 10 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleGemini’s Cameron Winklevoss Insists Digital Currency Group Needs to Resolve Liquidity Issues in Open Letter to CEO Barry Silbert Next articleDeclining Interest Leads to Poor Market Performance for Ethereum Proof-of-Work Forks Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItRipple CEO: SEC Lawsuit Over XRP "Has Gone Exceedingly Well"


The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip Design Ethereum Foundation"s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether

News Feed

Uniswap Surges Toward $8.74 – Can UNI Push Through To New Heights?
Este artículo también está disponible en español. Uniswap (UNI) is riding a wave of renewed bullish momentum, with its price inching closer to the critical $8.74 resistan
Colombia Plans to Launch Digital Currency to Reduce Tax Evasion
Colombia Plans to Launch Digital Currency to Reduce Tax Evasion The government of Colombia revealed it has plans to launch a digital currency. One of the purposes of this new curre
Canaan Narrows Q1 Loss to $5.6 Million Amid Weakening Demand for Mining Hardware
Canaan Narrows Q1 Loss to $5.6 Million Amid Weakening Demand for Mining HardwareBitcoin mining rig manufacturer Canaan Creative reported a net loss of $5.6 million for the first qua
Bitcoin’s Four-Month Bear Trend Intact Even After 16% Price Rise
View Bitcoin remains trapped in a four-month falling channel despite registering double-digit gains last week. Prices could pull back to former resistance-turned-support of $8,800 in the next 24 hours. The bearish case w
Tom Mitchelhill3 hours agoBanana Gun’s failed contract passed 2 audits, but ChatGPT found the bug in secondsBanana Gun’s newly launched token plummeted more than 99% within three hours of its launch after a bug was d
Alice Ivey12 hours agoThe anatomy of a cyberattackExplore the inner workings of a cyberattack, and understand its stages and techniques to strengthen cybersecurity defenses.471 Total views42 Total sharesListen to article
Binance Supporting Flow Blockchain with BUSD Stablecoin
Binance Supporting Flow Blockchain with BUSD StablecoinNew York, September 17, 2020 —Binance, the global blockchain company behind the world’s largest digital asset exch
Amaka Nwaokocha13 hours agoRipple CTO seeks community consensus for XRPL AMM feature adoptionDavid Schwartz stated that the changes could be implemented in as little as two weeks if a majority supports the amendment.2946
Derek Andersen7 hours agoIRS releases draft of proposed reporting rules for digital asset brokersHouse Financial Service Committee Chair Patrick McHenry said the rules are part of “the Biden Administration’s ongoing
Technical Indicator Shows Ongoing Rally For Dogecoin Despite Bearish Developments
Este artículo también está disponible en español. Dogecoin is holding firm above major support at $0.22 despite repeated threatsto break below in the just concluded week.
TRUMP Coin Spikes 17% As Arthur Hayes Says It Could Outperform Bitcoin
Este artículo también está disponible en español. The former BitMEX CEO, Arthur Hayes, is making a bold prediction for the TRUMP meme coin: it will outperform Bitcoin if
Dogecoin Price Confirms Breakout: Analyst Sets New Price Targets
Este artículo también está disponible en español. Crypto analyst Balo (@btcbalo) has highlighted a major technical breakout on the Dogecoin (DOGE/USD) chart that suggests