{"id":16077,"date":"2023-01-03T17:19:05","date_gmt":"2023-01-03T17:19:05","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/sol-surges-8-as-atom-nears-1-month-high-market-updates-bitcoin-news\/"},"modified":"2023-01-03T17:19:05","modified_gmt":"2023-01-03T17:19:05","slug":"sol-surges-8-as-atom-nears-1-month-high-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/sol-surges-8-as-atom-nears-1-month-high-market-updates-bitcoin-news\/","title":{"rendered":"SOL Surges 8%, as ATOM Nears 1-Month High \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

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

Solana (SOL)<\/h2>\n

Solana (SOL) was one of the notable gainers on Tuesday, as the token climbed by as much as 8% in the day.<\/p>\n

Following a low of $11.05 on Monday, SOL\/USD surged to an intraday peak of $12.02 during today\u2019s session.<\/p>\n

The move saw solana rise for a fifth straight day, hitting its highest point since December 23 in the process.<\/p>\n

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

Looking at the chart, Tuesday\u2019s surge comes as SOL moved beyond a ceiling of $11.80, with the relative strength index (RSI) also nearing a resistance point.<\/p>\n

As of writing, the index is tracking at 50.83, which is moving towards a major ceiling at the 53.00 mark.<\/p>\n

This level hasn\u2019t been hit since November 6, when solana was trading above the $30.00 level.<\/p>\n

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

In addition to solana, cosmos (ATOM<\/a>) was also in the green in today\u2019s session, with price climbing for a third straight day.<\/p>\n

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

This surge in price has pushed cosmos to its highest point since December 10, with it now nearing a key resistance level also.<\/p>\n

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

As can be seen from the chart, this ceiling is at the $10.50 level, which was last hit on December 5.<\/p>\n

Recent moves in ATOM<\/a> have come as the 10-day (red) moving average, crossed over its 25-day (blue) counterpart.<\/p>\n

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

Register your email here to get weekly price analysis updates sent to your inbox:<\/em><\/p>\n

Could we see cosmos continue to rally this week? Let us know your thoughts in the comments.<\/strong><\/em><\/p>\n

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\nEliman Dambell <\/h6>\n

\nEliman 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.

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

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