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

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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?

 

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