Crypto Market Bullish: Solana and Cosmos Lead the Way

• Solana (SOL) surged by 8% on Tuesday, marking its fifth consecutive day of gains.
• Cosmos (ATOM) rose to a multi-week high on Tuesday, nearing the key resistance level of $10.50.
• Both tokens have seen notable gains despite the Christmas and New Year period, when market volumes were somewhat muted.

It was a positive day for crypto markets on Tuesday as two of the sector’s major tokens, Solana (SOL) and Cosmos (ATOM), both experienced notable gains.

Solana (SOL) was up by almost 8% in the day, with the token rising for a fifth consecutive session. This surge came despite the Christmas and New Year period, when market volumes were somewhat muted. SOL/USD rose to an intraday peak of $12.02, its highest point since December 23. Looking at the chart, the move came as SOL moved beyond a ceiling of $11.80, with the relative strength index (RSI) also nearing a resistance point.

Cosmos (ATOM) was also in the green in today’s session, with price climbing for a third straight day. ATOM/USD raced to a high of $10.22, which comes less than a day after trading at a low of $9.77. This surge in price has pushed cosmos to its highest point since December 10, with it now nearing a key resistance level at the $10.50 mark. Recent moves in ATOM have come as the 10-day (red) moving average, crossed over its 25-day (blue) counterpart, which is typically a sign of current and upcoming bullish sentiment.

Both tokens have seen notable gains over the past few days, despite the muted trading period over the holiday season. This could be a sign of further bullish sentiment over the coming weeks, as market volumes pick up and investors look to capitalize on the current momentum.