Cosmos rose as much as 5% during Wednesday’s session, with the token hovering near multi-week highs. The cryptocurrency market consolidated its recent gains in today’s session, with global market capitalization down 0.24% at the time of writing.Solana continued to trade above $20.00 as prices consolidated.
Cosmos (ATOM
Cosmos (ATOM) was green again as prices remained near recent multi-week highs.
Following a high of $13.47 on Tuesday,ATOM/USD peaked at $13.41 earlier in today’s session and prices have since plunged.
After hitting a three-week high in yesterday’s session, the Cosmos bulls areand consolidating gains; ATOMis currently trading at $12.55.
Overall, bulls appear to be moving to take profits following the failed attempt to break the $13.50 ceiling.
Looking at the chart, the 14-day Relative Strength Index (RSI) also failed to cross the resistance zone at 57.00
and turned lower.
As of this writing, the index is hovering at 51.52, with a floor of 50.00 a possible destination for traders.
Solana (SOL)
In addition toATOMSolana (SOL) also remained near recent highs, although market sentiment changed during today’s session.
SOL/USD fell to a low of $20.31 earlier in today’s session, a few hours after peaking at $22.11.
Yesterday’s high means that SOLANA traded at its strongest point since March 2, when the token was trading near $23.00.
From the chart, it appears that SOL bulls have begun to shift from their previous positions after hitting the RSI ceiling.
Price strength hit a resistance point at the 50.00 level, which has been in place since late February.
At the time of this writing, the index is hovering at 48.91, with the next visible downside at the 45.00 level.
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Image credits: Shutterstock, Pixabay, Wiki Commons
