It was a mixed trading day for the altcoin market holding onto the mantle tails of Bitcoin and Ethereum. COSMOS was down 2.4%, slightly below its weekly high of $ 25.54. On the other hand, Solana secured a new all-time high after a plus of 7.7%. Ethereum Classic appreciated 2.3% as it tried to hit its multi-week high of $ 75.04 again.
SOL rose 7.7% in the past 24 hours and cost $ 147.65. If SOL continues to maintain an uptrend, it could soon test its $ 150 psychological resistance level. The specs for the coin have remained extremely bullish since SOL hit an all-time high.
The buying pressure remained high as the Relative Strength Index was close to the 75 mark. MACD also saw a bullish crossover and hit an all-time high. Chaikin money flow stayed above mid-line with increased capital inflows.
A corrective pullback could freeze prices at $ 125.95 and then at $ 99.92. A drop to $ 99.92 could also push prices higher as that level previously acted as a driving point for prices.
Solana has recently hit the charts due to the growing interest in decentralized financial applications and NFTs.
Cosmos is down 2.4% in the past 24 hours, trading at $ 24.22. The altcoin was trading a few notches below its weekly high of $ 25.54. Further decline from current price levels would push prices to a support level of $ 21.50, a decline from which COSMOS could push to its two-week low of $ 18.
MACD showed red bars on his histogram after seeing a bearish crossover. Great oscillator red signal bars also flashed. The opposite is the case Relative Strength Index above the 50 mark as buying pressure increased. If prices rise, COSMOS can attempt to retest its multi-month high of $ 25.54.
For the past few months, Cosmos expanded its DeFi offerings, which led to a surge in demand for the Alt. In addition, it is Initiative by Bring Bitcoin to the network, recently received funding from the Interchain Foundation (IFC), an organization that funds development grants in the cosmos ecosystem.
Ethereum Classic (ETC)
Ethereum Classic rose 2.3% on the past day and was valued at $ 69.76. ETC’s current price level could try again to hit its three-week high of $ 75.04 with a sustained uptrend. If it can break above the $ 75.04 mark, it could retest the $ 78 price resistance level.
Relative Strength Index was parked at the 60 mark as purchasing power remained bullish. MACDThe green bars from were visible in the histogram, which indicates a positive price movement. Great oscillator green signal bars displayed, but a session in red emitted a red signal bar.
The initial level of support was at $ 67.36 and if not held the coin could land at $ 58.07. A decline below $ 58.07 would push ETC back to its four-week lows.