{"id":12435,"date":"2022-05-21T14:46:51","date_gmt":"2022-05-21T14:46:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/sol-slips-again-as-atom-drops-10-to-start-the-weekend-market-updates-bitcoin-news\/"},"modified":"2022-05-21T14:46:51","modified_gmt":"2022-05-21T14:46:51","slug":"sol-slips-again-as-atom-drops-10-to-start-the-weekend-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/sol-slips-again-as-atom-drops-10-to-start-the-weekend-market-updates-bitcoin-news\/","title":{"rendered":"SOL Slips Again as ATOM Drops 10% to Start the Weekend \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
\n<\/p>\n

\n
\n<\/header>\n
\n<\/div>\n

SOL was trading lower to start the weekend, as prices slipped on Saturday. This comes as bears re-entered the market following a week of consolidation. ATOM<\/a> was one of the biggest movers, falling by 10%.<\/b><\/p>\n

Cosmos (ATOM<\/a>)<\/h2>\n

After climbing by over 15% on Friday, ATOM<\/a> was one of the biggest losers on Saturday, as prices fell by over 10%.<\/span><\/p>\n

ATOM<\/a>\/USD followed up yesterday\u2019s peak of $12.12 by falling to an intraday low of $10.82 to start the weekend.<\/span><\/p>\n

The move comes as ATOM<\/a> moved back towards its floor of $9.90, just as some were preparing for a rally towards $15.00.<\/span><\/p>\n

\"Biggest
ATOM<\/a>\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

However, instead of this, we have seen ATOM<\/a> move back towards a ten-day low, as bearish pressure pushed prices lower.<\/span><\/p>\n

Looking at the chart, the drop comes as the Relative Strength Index (RSI) failed to break out of a ceiling at 38.<\/span><\/p>\n

Markets will now likely continue to move around the current support point, prior to any further rallies or possible declines.<\/span><\/p>\n

Solana (SOL)<\/h2>\n

SOL fell to ninth in the list of most valuable crypto tokens in the world, as markets were once again red to start the weekend.<\/span><\/p>\n

Following a peak of $52.11 on Friday, SOL moved lower, hitting an intraday low of $48.05 in the process.<\/span><\/p>\n

Saturday\u2019s sell-off sees ADA<\/a> leapfrog solana to be the eighth most valuable token, as prices dropped by over 7% in today\u2019s session.<\/span><\/p>\n

\"Biggest
SOL\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

Overall, prices are now trading closer to the long-term support level of $47, which is near a ten-month low. <\/span><\/p>\n

Looking at the chart, the 14-day RSI is now hovering around 34, which is below a resistance point of 36.<\/span><\/p>\n

Should price strength continue to track this level throughout the weekend, it is unlikely that we will see any significant changes in price.<\/span><\/p>\n

Do you expect SOL to end the weekend trading above $60? Let us know your thoughts in the comments.<\/i><\/b><\/p>\n

\n
\n<\/div>\n
\n
\nEliman Dambell <\/h6>\n

\nEliman brings a eclectic point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX.

\n
\n
\n<\/a>
\n<\/span>\n<\/p>\n<\/div>\n<\/div>\n

Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

\n

Disclaimer<\/strong>: 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<\/a> 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.<\/p>\n<\/div>\n

\n