Crypto Bulls Push ATOM and SOL Higher, RSI Below Ceilings

• Cosmos (ATOM) raced higher for a second straight session, moving closer to a key resistance level of $12.50.
• Solana (SOL) also moved higher on Friday, bouncing from a key support point.
• The 14-day relative strength index (RSI) for both tokens remains below its own ceiling, with ATOM at 65.85 and SOL at 65.85.

Cryptocurrencies Cosmos (ATOM) and Solana (SOL) both saw notable gains on Friday, as the tokens continued to move away from key support and resistance levels. Cosmos (ATOM) enjoyed a second straight session of gains, with the token moving closer to a key resistance level of $12.50. ATOM/USD rose to an intraday peak of $12.38 earlier today, giving the token a good chance of breaking above this resistance point in the near future. The 14-day relative strength index (RSI) for ATOM is currently tracking at 65.85, which could lead to marginal consolidation, with earlier bulls opting to liquidate their positions. However, should the aforementioned ceiling be broken, then it is likely that ATOM could move towards $13.00.

Solana (SOL) also saw gains on Friday, as the token continued to move away from a key support point at $20.00. SOL/USD rose to a high of $21.77 earlier in the session, and followed on from a low of $20.53 the day prior. Today’s rally sees solana in a bullish attempt to regain market momentum, following recent declines in price. The RSI for SOL is currently below its own ceiling at 68.00, with earlier gains easing as traders seemed to be preparing for another reversal. Currently, solana is trading at $21.43, with longer-term bulls still likely targeting an exit at the $24.00 mark.

Overall, both Cosmos (ATOM) and Solana (SOL) have seen gains on Friday, as the tokens attempt to break above key resistance and support points. With the 14-day relative strength index (RSI) for both tokens below their own ceilings, traders should remain cautious in the near future, as any move above these levels could lead to further gains.