Businessnewshubb
Advertisement
  • Home
  • World
  • Business News
  • Markets
  • Startup
  • Contact Us
No Result
View All Result
  • Home
  • World
  • Business News
  • Markets
  • Startup
  • Contact Us
No Result
View All Result
Businessnewshubb
No Result
View All Result
Home Markets

SOL Surges 8%, as ATOM Nears 1-Month High – Market Updates Bitcoin News

January 3, 2023


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.

Solana (SOL)

Solana (SOL) was one of the notable gainers on Tuesday, as the token climbed by as much as 8% in the day.

Following a low of $11.05 on Monday, SOL/USD surged to an intraday peak of $12.02 during today’s session.

The move saw solana rise for a fifth straight day, hitting its highest point since December 23 in the process.

Biggest Movers: SOL Surges 8%, as ATOM Nears 1-Month High
SOL/USD – Daily Chart

Looking at the chart, Tuesday’s surge comes as SOL moved beyond a ceiling of $11.80, with the relative strength index (RSI) also nearing a resistance point.

As of writing, the index is tracking at 50.83, which is moving towards a major ceiling at the 53.00 mark.

This level hasn’t been hit since November 6, when solana was trading above the $30.00 level.

Cosmos (ATOM)

In addition to solana, cosmos (ATOM) was also in the green in today’s session, with price climbing for a third straight day.

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

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

Biggest Movers: SOL Surges 8%, as ATOM Nears 1-Month High
ATOM/USD – Daily Chart

As can be seen from the chart, this ceiling is at the $10.50 level, which was last hit on December 5.

Recent moves in ATOM have come as the 10-day (red) moving average, crossed over its 25-day (blue) counterpart.

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

Register your email here to get weekly price analysis updates sent to your inbox:

Could we see cosmos continue to rally this week? Let us know your thoughts in the comments.

Eliman Dambell

Eliman 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.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: 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 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.

More Popular News

In Case You Missed It





Source link

Previous Post

Business News LIVE Today: Latest Business News, Share Market News, Economy & Finance News

Next Post

Shopify launches commerce stack for enterprise retail

Next Post

Shopify launches commerce stack for enterprise retail

Microsoft now has its first official union in the U.S. • TechCrunch

Half of the European Union and one-third of the world face recession in 2023, IMF warns

Russia risks causing new year IT worker flight with remote work law

Meta set to make decision on Trump’s return to Facebook - FT reports

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Can 4 activist investors play nice in the Salesforce sandbox? • TechCrunch

by admin
February 3, 2023

Salesforce finds itself in a rather unusual situation, with four activist investors operating inside the company at the same time:...

Shopify invests in US-based e-commerce analytics aggregator Triple Whale

by admin
February 3, 2023

Triple Whale helps Shopify merchants unify business metrics into one dashboard. Shopify has made an investment into United States-based Triple...

DOJ-Appointed US Trustee Objects to Subpoena Request in FTX Bankruptcy Case – Bitcoin News

by admin
February 3, 2023

Following a request from FTX lawyers to subpoena FTX co-founder Sam Bankman-Fried (SBF) and members of his family, the U.S....

Apple, Google and Amazon post disappointing results as tech giants face gloomy economic outlook

by admin
February 3, 2023

Apple, Amazon and Alphabet all posted disappointing quarterly results this week, while Facebook parent Meta bucked the gloomy trend in...

business-news-hubb-white

© 2022 Business News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Categories

  • Home
  • World
  • Business News
  • Markets
  • Startup
  • Contact Us

Newsletter Sign Up.

No Result
View All Result
  • Home
  • World
  • Business News
  • Markets
  • Startup
  • Contact Us

© 2022 Business News Hubb All rights reserved.