Biggest Movers: SOL Slips Again as ATOM Drops 10% to Start the Weekend

SOL was trading lower to start the weekend, as prices slipped on Saturday. This comes as bears re-entered the market following a week of consolidation. ATOM was one of the biggest movers, falling by 10%. Cosmos (ATOM) After climbing by over 15% on Friday, ATOM was one of the biggest losers on Saturday, as prices

Timeline of Cosmos, Solana

The crypto market is showing signs of recovery, and it seems Cosmos has also been pulled in the same direction with an increase of 12% in the last 24 hours. Cosmos (ATOM), the 27th biggest cryptocurrency, has a total market cap of $3.2 billion.

Bitcoin was indecisive as it traded just above the $29k mark, and the altcoin market has been trading sideways in the past few hours as well. Cosmos rose above the $11.06 support level and held on, while Fantom and Chainlink appeared to trade within a range.

With tokens licking their wounds and healing from the unexpected bloodbath witnessed in May, some tokens haven't exactly followed the “slow and steady” path to recovery. One such token is ATOM, and the token witnessed a huge spike in its price in the past 24 hours.

Solana price analysis shows a bearish market after the prices were unable to challenge the near-term resistance of $60.0 and started to fall towards the key support at $48.5.The bears are in control of the market as the prices are currently trading below all the important moving averages. The prices have been hovering around a.

Bybit, one of the leading cryptocurrency exchanges, recently published a report analyzing the Solana network performance in Q1/2022. The analysis gives in-depth insights into the network's overall development, DeFi as well as NFT ecosystem.

Solana's price is preparing for a quick run-up to significant resistance levels. While this rally might cause many traders to get euphoric, it will be nothing but a dead cat bounce.

ATOM had displayed optimistic price action recently after the coin rallied close to 14% a little over 48 hours ago. The coin had managed to undo the loss of 21% that it incurred in the past week with its recent rally.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice After hitting its ATH on 7 January, Cosmos (ATOM) bears have stepped in to exert consistent pressure. The gradual decline below its multi-month long trendline resistance (previous support) gave sellers the well-needed strength for a

Unlike Crypto OGs, newbies and paper hands in the crypto space are not familiar with the popular saying “with hardship comes ease”.  With FUD at an all-time high last week following crypto markets correction, the price of Bitcoin and several other altcoins plummeted.

Since last week's Terra implosion and the demise of the blockchain project's native token LUNA — and the algorithmic stablecoin terrausd (UST) — crypto tokens based on the Cosmos ecosystem have seen significant losses. Two months ago, the top Cosmos ecosystem coins collectively were worth $61.6 billion and since then, the Cosmos economy has lost