Sol increases by 8 %because atom approaches the 1-month high-market tactualizations

Solana rose by almost 8 %on Tuesday when the token rose for the fifth time in a row. The latest movements were carried out despite the Christmas and New Year's time, in which the market volume was somewhat steamed. Cosmos was also in the green area because the courses rose to a multi -week high.

Solana (sol)

Solana (Sol) was one of the remarkable winners on Tuesday, since the token increase up to 8 % during the day.

After a low of $ 11.05 on Monday, Sol/USD rose to an intra-raday maximum of $ 12.02.

This movement Solana climbed the fifth day in a row and reached the highest level since December 23rd.

If you look at the diagram, the increase on Tuesday comes when Sol went beyond an upper limit of $ 11.80, whereby the relative strength index (RSI) also approached a resistance point.

At the moment, the index moves at 50.83, which is moved to an important upper limit for the 53.00 mark.

This level has not been achieved since November 6th than Solana was traded above the level of $ 30.00.

Kosmos ( atom )

In addition to Solana, Kosmos ( Atom ), in today's session it was also in the green, whereby the price in the third day in a row rose.

atom /USD raced on a high of $ 10.22 on Tuesday, which reaches less than one day after trading at a low of $ 9.77 was.

This price increase has driven the cosmos to its highest level since December 10th and is now also approaching an important level of resistance.

As can be seen from the diagram, this upper limit is at the level of $ 10.50, which was last reached on December 5th.

recently moved in atom have come as a gliding 10-day average (red), which has crossed its 25-day (blue)

This is usually a sign of a current and upcoming interest bullish atmosphere, which could lead to the fact that cosmos bulls try to raise the price over $ 11.00.

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could we see how the cosmos will continue to recover this week? Share your thoughts in the comments.

Eliman Damell

Eliman brings an eclectic view of the market analysis, he was previously a broker director and trainer in retail. He currently acts as a commentator for various investment classes, including crypto, stocks and foreign exchange.

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