Solana rose about 8% on Tuesday, the fifth consecutive session of gains for the token. The recent moves come as market volumes were somewhat subdued despite the Christmas and New Year period. Cosmos turned green as prices rose to multi-week highs.
Solana (SOL)
Solana (SOL) was one of the notable gainers on Tuesday as the token rose as much as 8% in one day.
After hitting a low of $11.05 on Monday, SOL/USD surged to an intraday peak of $12.02 in today’s session.
The move sent the Solana higher for a fifth straight day, hitting its highest level since December 23 in the process.
The chart shows that Tuesday’s surge came as SOL crossed the $11.80 ceiling and the Relative Strength Index (RSI) also neared a resistance point.
As of this writing, the index is tracking at 50.83 and moving toward a major ceiling at the 53.00 mark.
This level has not been hit since November 6, when Solana was trading at the $30.00 level.
Cosmos (ATOM)
In addition to Solana, Cosmos (ATOM) was also in the green in today’s session, with prices rising for the third straight day.
Atom/USD reached a high of $10.22 in less than a day from a low of $9.77.
This price surge has pushed the Cosmos to its highest level since December 10 and is now also approaching important resistance.
As the chart shows, this ceiling is the $10.50 level last hit on December 5.
ATOMhas been moving as the 10-day (red) moving average crosses the 25-day (blue) moving average.
This is usually a sign of current and upcoming bullish sentiment and could see Cosmos bulls attempting to take the price above $11.00.
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Image credits: Shutterstock, Pixabay, Wiki Commons
