News Formal

Technical Analysis: Cosmos Climbs Higher, While Solana's Fall Continues – Market Updates Bitcoin News

  • 📰 BTCTN
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Cosmos (ATOM) climbed to an intraday high of $36.23, which is around $10 from its all-time high (ATH), which it hit on January 7th.

/USD is currently tracking at 50, which means it is neither oversold, nor overbought, meaning that price momentum could shift either way.SOL/USD which is currently #8 in the crypto top 10, was trading over 11% lower , hitting an intraday low of $81.23 in the process.

The chart below shows that Solana has formed a descending triangle, after a streak of lower lows, with today’s fall sending prices to their lowest level since August 27th. Prices briefly broke out of the price floor of $85.15 earlier in today’s session, however have since rebounded above this level.Currently, the RSI is tracking at 23, which is in oversold territory, could this be setting the way for bulls to re-enter on Tuesday?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 531. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Fights to Maintain $35K: SOL Down 19% on Network Issues (Market Watch)The crypto market is back in red with massive price losses from Solana, Terra, Cardano, and other altcoins. Bitcoin fights for $35K.
Source: Crypto_Potato - 🏆 568. / 51 Read more »