THELOGICALINDIAN - SOL was trading lower to alpha the weekend as prices slipped on Saturday This comes as bears reentered the bazaar afterward a anniversary of alliance ATOM was one of the better movers falling by 10
Cosmos (ATOM)
After aggressive by over 15% on Friday, ATOM was one of the better losers on Saturday, as prices fell by over 10%.
ATOM/USD followed up yesterday’s aiguille of $12.12 by falling to an intraday low of $10.82 to alpha the weekend.
The move comes as ATOM confused aback appear its attic of $9.90, aloof as some were advancing for a assemblage appear $15.00.
However, instead of this, we accept apparent ATOM move aback appear a ten-day low, as bearish burden pushed prices lower.
Looking at the chart, the bead comes as the Relative Strength Index (RSI) bootless to breach out of a beam at 38.
Markets will now acceptable abide to move about the accepted abutment point, above-mentioned to any added rallies or accessible declines.
Solana (SOL)
SOL fell to ninth in the account of best admired crypto tokens in the world, as markets were already afresh red to alpha the weekend.
Following a aiguille of $52.11 on Friday, SOL confused lower, hitting an intraday low of $48.05 in the process.
Saturday’s sell-off sees ADA leapfrog solana to be the eighth best admired token, as prices alone by over 7% in today’s session.
Overall, prices are now trading afterpiece to the abiding abutment akin of $47, which is abreast a ten-month low.
Looking at the chart, the 14-day RSI is now aerial about 34, which is beneath a attrition point of 36.
Should amount backbone abide to clue this akin throughout the weekend, it is absurd that we will see any cogent changes in price.
Do you apprehend SOL to end the weekend trading aloft $60? Let us apperceive your thoughts in the comments.
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