The altcoin market has witnessed price swings as the alts hold on Ethereum and Bitcoin’s coattails. COSMOS lost 2.4% to hover slightly beneath the weekly high near $25.54. Meanwhile, Solana saw its lucrative actions taking it to another ATH after climbing by 7.7%. Ethereum Classic battles to return to its multi-week highs near $75.04, surging 2.3% since yesterday.
SOL had its price rising by 7.7% over the past 24 hours to stand around $147.65. If Solana maintains its upsurges, it might move to test the psychological resistance at $150. Keep in mind that the coin’s technicals retain high bullishness since Solana registered an ATH.
Solana sees massive buying pressure as the RSI stands around 75 levels. Chaikin Money Flow maintained over the midline as the network see magnified capital inflows. On the other hand, the MACD saw a bullish cross, flashing an ATH.
Meanwhile, corrective pullbacks might bring the coin towards $125.95, then $99.92. A hit to the $99.92 level might propel SOL upwards as this zone has triggered surges previously. SOL has registered upsurges recently. That was due to the increased interest in NFTs and DeFi marketplaces.
The previous 24 hours had Cosmos dropping by 2.4% to trade near $24.22. The alt hovers beneath the weekly high at $25.54. Increased losses from the asset’s current price would see ATOM down towards the support at $21.50. Such developments might drag the crypto to the 2-week low at $18.
MACD had emerging red bars on the histogram following a bearish crossover. The Awesome Oscillator showed red sign bars as increase buying pressure placed the RSI above the 50 levels. Price upticks may see COSMOS retesting the multi-month highs near $25.54.
Ethereum Classic (ETC)
Price actions over the last day saw Ethereum Classic rising by 2.3% to $69.76. If ETC register extended uptrends from its current price, it might attempt a return to the 3-week highs at $75.04. If it moves to stabilize over this level, ETC will retest the resistance at $78.
The Relative Strength Index settles at 60-level as the token’s buying momentum maintained bullishness. On the other side, the MACD’s histogram had green bars, indicating lucrative price actions. The Awesome Oscillator displays green sign bars.
For now, ETC has initial support at $67.36. Failure to maintain above this mark might land the crypto at $58.07. A plunge beneath this price mark would have Ethereum Classic revisiting its 4-week lows.
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