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Biggest Movers: ATOM Climbs to Highest Point Since May, While SOL Rises by Over 10%

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Cosmos rose to its highest point since May earlier in today’s session, as crypto markets surged on Thursday. The global market cap is trading over 6.27% higher as of writing, with bullish sentiment sweeping through. Solana was trading over 10% higher in today’s session .

Cosmos (ATOM)

Cosmos (ATOM) was trading higher on Thursday, as the token rallied to its highest point since May.

Following a low of $11.72 in today’s session, ATOM/USD surged to an intraday peak of $12.27 earlier in the day.

This was the most ATOM has traded at since May 23, when the token was at a top above the $12.30 region.

Looking at the chart, this latest surge in price came following a rebound from a support point of $11.15, which came during Wednesday’s session.

This increase in price pushed the 14-day relative strength index (RSI) to a resistance level of 63, which has been in place since July 21.

Should bulls in ATOM look to extend this recent run of form, then we will need to see the index move beyond this ceiling.

Solana (SOL)

In addition to ATOM, solana (SOL) was trading higher on Thursday, as prices climbed by over 10% in today’s session.

After residing at a floor of $39.99 on hump day, SOL/USD surged to a high of $45.00 earlier in today’s session.

This peak saw SOL trade at its most valuable since July 30, when the token was above the current resistance level of $45.00.

Since colliding with this point earlier today, the price of SOL has somewhat slipped, and as of writing is at $44.10.

Bulls seem to have abandoned earlier positions, in exchange for securing profits, which has given way to some slight uncertainty in price movement.

This uncertainty was made greater by the fact that the RSI is also hovering close to its own ceiling of 59.

If we are to see solana continue its gain, then this resistance point will need to be broken.

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Will solana hit $50.00 in August? Let us know your thoughts in the comments.

Biggest Movers: UNI Drops to 1-Week Low, While FIL Extends Recent Declines

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Biggest Movers: UNI Drops to 1-Week Low, While FIL Extends Recent Declines

Uniswap moved to a one-week low on Tuesday, as crypto markets were mostly in the red during today’s session. The latest red wave in crypto markets comes days after several high-profile tokens rose to multi-month highs. Filecoin was one such token, however, it too declined today, falling for a third straight day.

Uniswap (UNI)

Uniswap (UNI) fell to a one-week low on Tuesday, just over ten days after the token was trading above a three-month high.

Following a high of $9.84 last Monday July 28, UNI/USD dropped to an intraday low of $8.37 earlier today.

This drop sees UNI extend recent price uncertainty, which comes after failing to break out of a resistance point of $9.30 over the weekend.

From a failed breakout of this key price ceiling, it now looks like the token is heading for a floor of $8.20.

However, this could be a positive, as history has shown that there is significant bullish pressure at this level.

Today’s decline comes as the relative strength index (RSI) fell below a floor of 57, and now looks to be heading for another support at 53.

Should the RSI reach this point, and bulls buy at the floor of $8.20, it is likely that UNI may attempt to climb back towards $9.30.

Filecoin (FIL)

Filecoin (FIL) was another notable mover on Tuesday, as the token fell by close to 10% in today’s session.

FIL/USD dropped to a low of $8.26 earlier today, which comes less than a day after trading at a high of $9.24.

Similar to UNI, the decline comes as the token slipped for a third consecutive session, days after trading at a multi-month high.

This most recent streak of declines began on Sunday, when the token failed to overcome a strong ceiling at $9.50.

As of writing, the 14-day RSI is tracking at 56.46, which is the lowest point for the index in over two weeks.

This could be an opportunity for bulls looking to buy the dip, as prices seem to be relatively oversold. However, this may also be a trap, with prices set to fall below the current floor.

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Could we see filecoin rebound in the coming days, and move back above $9.00? Let us know your thoughts in the comments.

Biggest Movers: FLOW Moves to Highest Point Since May, DOT Fast Approaching $10 Level

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Flow was in the green to start the week, as the token climbed to its highest point since May. The surge has seen prices rise by as much as 15% on Monday, as recent gains were extended. Polkadot was also higher, as it too cemented multi-month highs.

FLOW


FLOW was one of Monday’s most notable movers, with prices of the token increasing by as much as 15% in today’s session.

After trading at a low of $2.59 on Sunday, FLOW/USD rallied to an intraday high of $3.13 to start the week.

This move saw FLOW rise to its highest point since May 11, when prices were trading above $4.00.

Looking at the chart, today’s peak comes as the token broke out of its long-term resistance at $3.00.

The surge comes as price strength continues to climb, and as of writing, is tracking in overbought territory.

Currently, the relative strength index (RSI) is at a reading of 75.28, which is close to its highest point since April.

This could be a positive for bears anticipating imminent price declines.

Polkadot (DOT)


Whilst FLOW moved to a three-month high, polkadot (DOT) moved to its highest level in close to two months.

DOT/USD raced to an intraday peak of $9.36 to start the week, less than 24 hours after residing at a low of $8.54.

As a result of Monday’s surge, DOT moved briefly above its price ceiling of $9.30, which is one of the last lines of defense to a move above $10.00.

Since hitting earlier highs, gains in polkadot have somewhat eased, as bulls likely moved to secure profits.

This drop in momentum coincides with the 14-day RSI hitting a resistance level of its own near the 67 mark.

Should DOT want to extend its move towards the $10.00 mark, then relative strength will need to overcome this obstacle.

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Do you expect polkadot to surge to $10 this week, despite being overbought? Let us know your thoughts in the comments.

Biggest Movers: AVAX Nears 2-Month High, FIL up 15% Despite Weekend Volatility

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Avalanche was trading close to a two-month high on Saturday, despite markets mostly consolidating. Another exception was filecoin, which surged to start the weekend, climbing by over 10% in today’s session. As of writing, crypto markets are trading 1.03% higher.

Avalanche (AVAX)

Avalanche (AVAX) was one of Saturday’s notable gainers, as prices moved close to a two-month high.

Following a low of $23.98 on Friday, AVAX/USD surged to a high of $25.91 to start the weekend’s session.

This move sees the token move closer to its long-term ceiling of $26.00, and a two-month high of $26.42.

Looking at the chart, today’s peak comes as AVAX has rallied for four consecutive sessions, pushing price strength to a multi-week high.

As of writing, the relative strength index (RSI) is tracking at 62.50, which is its highest point since July 22.

This is also marginally below a ceiling of 64, which AVAX will need to overcome for it to climb above the $26.42 level.

Filecoin (FIL)

While AVAX moved close to a two-month high, filecoin (FIL) was once of today’s biggest movers, as prices rose by nearly 15%.

FIL/USD raced to an intraday peak of $9.43 to start the weekend, less than 24 hours after residing at a low of $8.10.

As a result of Saturday’s surge, FIL moved close to its price ceiling of $9.50, which is usually the last line of defense to a move above $10.00.

Overall, filecoin is still up by over 25% in the last seven days, despite prices falling from a nearly three-month high of $11.37 this past Monday.

In order for FIL to recapture those highs, the 14-day RSI would need to move past a resistance point of its own.

The indicator is currently tracking at 70, which is already in overbought territory, however it will need to climb closer to 82, which is a point it hit on Monday.

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Do you expect filecoin to surge to $10 this weekend, despite being overbought? Let us know your thoughts in the comments.

Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate to Start the Weekend

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Bitcoin was consolidating above $23,000 to start the weekend, as traders continue to react to yesterday’s nonfarm payrolls figure. It was confirmed that 528,000 jobs were added to the U.S. economy in July, which helped boost crypto prices. Ethereum consolidated on Saturday, after reentering the $1,700 region yesterday.

Bitcoin

Bitcoin (BTC) was consolidating Friday’s gains to start the weekend, as traders continued to respond to July’s nonfarm payrolls report.

Following the release of the data, BTC/USD surged to an intraday peak of $23,422.83 on Friday. However, this sentiment has somewhat faded, with prices falling to a low of $22,800.36 today.

This move comes as bitcoin bulls opted to secure earlier gains by liquidating their positions, as prices moved closer to a recent point of uncertainty.

Looking at the chart, this area is the $23,500 level, which in recent weeks has been an area where bears typically overpower bulls.

As a result of this, bulls have so far abandoned their positions in hopes of evading this uncertainty, however as the weekend progresses, we may see some decide to return.

As of writing, BTC is trading at $23,173.40, and as we move closer to this price ceiling, the chances of a breakout will also increase.

Ethereum

Ethereum (ETH) also consolidated on Saturday, with traders nervous as prices moved closer to a key resistance level.

The world’s second-largest cryptocurrency moved to a low of $1,661.86 earlier in today’s session.

However, as the day progressed, ETH/USD rallied, and as of writing, is currently trading around the $1,714 region.

As seen on the chart, yesterday’s decline came as ETH neared a ceiling of $1,780, with price strength also encountering a resistance of its own.

The 14-day relative strength index (RSI) is currently tracking at 62.80, after failing to break out of its ceiling of 65 on Friday.

This was one of the catalysts to send ETH lower, and should bulls reenter with significant force, this will be their first obstacle to conquer.

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Will bullish momentum return to ethereum this weekend? Leave your thoughts in the comments below.