At press time, a lot of the alts have been buying and selling in inexperienced within the final 24 hours. Altcoins like Solana, Litecoin, and Cosmos noticed every day positive factors whereas their near-term technical indicators flashed combined alerts. After following a month-long bullish trajectory, Solana struck its ATH and confirmed indicators of easing bullish momentum.
Whereas alts like Litecoin and Cosmos confirmed indicators of revival as their technicals pointed at easing bearish momentum.
Solana (SOL)
TradingView, SOL/USD
Since 6 October, the SOL worth motion was northbound after enterprise a bullish trajectory and oscillated between the parallel traces. The ‘good contract platform’ registered a staggering 64.4% and 31.2% month-to-month and weekly ROI, respectively.
Consequently, the worth marked greater highs and ruptured the higher trendline to strike its ATH at $255.9950. After this, it witnessed a slight pullback because the near-term indications pointed at easing bullish affect. If the bears can show sustained stress, the worth may even see a correction by falling again into the pattern. At press time, SOL traded at $251.12.
The RSI dipped from the overbought area to the 62-mark. This plunge notably depicted easing bullish momentum. Moreover, MACD and the AO histograms displayed purple alerts and reaffirmed the lowering shopping for energy. Furthermore, DMI traces continued to choose the patrons, however their directional tendencies reiterated the lowering bullish energy.
Litecoin (LTC)
TradingView, LTC/USDT
For the reason that starting of October, LTC bulls displayed their vigor as the worth rallied by almost 29% to hit its five-week excessive on 21 October. After which, the price-action witnessed a blip because it fell to its two-week low at $171.1. Since then, the bulls have been once more eager on sustaining stress as the worth registered an 8.31% achieve over the previous ten days. Alternatively, LTC bears have proven resistance on the $203-mark.
The near-term technical indicators obliged the above observations by flashing a choice for elevated shopping for energy. At press time, the altcoin traded at $198.5.
The RSI noticed a surge within the final 24 hours, depicting an rising shopping for energy. Moreover, the AO and MACD readings affirmed the earlier evaluation. Nonetheless, the ADX stood on the 10-mark, indicating a profoundly weak directional pattern.
Cosmos (ATOM)
TradingView, ATOM/USDT
After hitting its one-month excessive on 27 October, ATOM witnessed a pullback and registered a 2.7% loss on its weekly charts. The bears gathered momentum, as confirmed by the 4-hour 20-50 SMA. Consequently, the worth touched its two-week low on 6 November on the $34-mark. Since then, ATOM bulls have proven indicators of revival because the near-term readings trace at lowering promoting energy.
The altcoin traded at $36.00 after noting a 1.52% achieve within the final 24 hours.
The RSI surged by 10 factors during the last day because it headed in direction of the midline. Moreover, the AO flashed inexperienced alerts because it approached the zero line. Nonetheless, the DMI traces confirmed a continued choice for the sellers with considerably weak directional tendencies.
