Home News Biggest Movers: ATOM, SOL Remain Close to Multi-Week Highs, as Markets Consolidate...

Biggest Movers: ATOM, SOL Remain Close to Multi-Week Highs, as Markets Consolidate Recent Gains


Cosmos climbed by as much as 5% in Wednesday’s session, as the token remained close to a multi-week high. Cryptocurrency markets consolidated recent gains in today’s session, with the global market cap down by 0.24% as of writing. Solana continued to trade above $20.00, as prices consolidated.

Cosmos (ATOM)

Cosmos (ATOM) was once again in the green, as prices remained close to a recent multi-week high.

Following a high of $13.47 on Tuesday, ATOM/USD hit a peak of $13.41 earlier in today’s session, before prices have since plunged.

Since hitting a three-week high during yesterday’s session, cosmos bulls have moved to consolidate gains, with ATOM now trading at $12.55.

Overall, bulls have seemingly moved to take profits, following a failed breakout attempt of the $13.50 ceiling.

Looking at the chart, the decline comes as the 14-day relative strength index (RSI) was also unable to move past a resistance zone of its own at 57.00

As of writing, the index is tracking at 51.52, with a floor at 50.00 a possible destination for traders.

Solana (SOL)

In addition to ATOM, solana (SOL) also remained near a recent high, despite market sentiment shifting in today’s session.

SOL/USD fell to a low of $20.31 earlier in…

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