Solana and Cosmos Rally on Tuesday – Market Updates Crypto

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Solana and Cosmos tokens saw a surge of growth over the course of the Tuesday session. Solana jumped 8% and Cosmos reached a multi-week high, with both tokens enjoying their fifth consecutive day of growth despite lower market volumes due to the holidays.

Solana (SUN)

Solana (SOL) was the major winner in Tuesday’s trading session, as the token gained as much as 8%. After an opening price of $11.05, SOL/USD climbed to an intraday peak of $12.02, representing the token’s highest level since December 23.

SOL/USD – Daily Chart

Looking at the chart, SOL moved past the $11.80 ceiling and the RSI is also close to a resistance level. The index currently sits at 50.83 and is moving towards the major top of 53.00, which has not been achieved since November 6 when Solana traded at or above the $30.00 mark.

Cosmos (ATOM)

Cosmos (ATOM) saw green numbers in Tuesday’s trading session as well, with prices rising for the third consecutive day. ATOM/USD reached an all-time high of $10.22, dropping as low as $9.77 in less than a week after it was traded.

This is the highest level the Cosmos token has reached since December 10 and it is now close to a key resistance level. Looking at the chart, the ceiling is at $10.50, the last time it was reached on December 5th.

Biggest Moves: SOL Up 8% As ATOM Nears 1-Month High

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