Solana (SOL) stages a comeback after a two-day slump, inching closer to $25. Meanwhile, Cosmos (ATOM) reaches its lowest point in 16 months, facing significant price pressure.
Solana (SOL) rebounded impressively today, putting an end to its two-day decline. SOL/USD saw a high at $24.40, following a brief dip to $23.26. This resurgence positions the seventh-largest cryptocurrency closer to its long-standing resistance at $25.00. To break through this barrier, SOL traders await the Relative Strength Index (RSI) to move beyond its current 65.06 level, possibly aiming for 66.00 or 67.00.
In stark contrast, Cosmos (ATOM) experienced a steep decline, hitting its lowest price point in over a year. After reaching $6.36, ATOM/USD plunged to $6.19, the lowest since June 2022 when it dipped to $5.84. While earlier losses have somewhat subsided, Cosmos maintains a support level at around 30.00. Currently, price strength remains above this threshold, but the market is still notably oversold.