2 years ago
Cosmos was trading little for a 4th consecutive league connected Monday, arsenic prices approached a one-week low. Decentraland was besides trading adjacent to a one-week debased connected Monday, arsenic the planetary cryptocurrency marketplace fell by implicit 3% arsenic of writing.
Cosmos (ATOM)
Cosmos (ATOM) declined for a 4th consecutive session, arsenic the token moved towards a one-week low.
Following a precocious of $10.25 during yesterday’s session, ATOM/USD dropped to an intraday debased of $9.27 earlier today.
The determination comes arsenic ATOM moved person to its enactment constituent of $9.00, little than a week aft nearing a breakout of a absorption astatine $11.25.
Looking astatine the chart, caller declines person travel arsenic the comparative spot scale (RSI) dramatically dropped, moving from 67 connected Friday to 50 today.
Should the 14-day RSI autumn beneath the 50 level, which is besides a enactment point, this could spot ATOM moving beneath its $9.00 floor.
Overall, prices of the token fell by conscionable 3.62% from the aforesaid constituent past week, contempt this extended streak of declines.
Decentraland (MANA)
Like ATOM, decentraland (MANA) was trading adjacent to a one-week debased during today’s session.
The world’s thirty-fourth largest cryptocurrency slipped to an intraday debased of $0.9051 earlier today, which is its lowest level since past Thursday, erstwhile prices dropped to $0.8797.
This driblet successful decentraland comes pursuing a failed breakout effort supra absorption of $1.02 connected Sunday.
Despite the ceiling being held, MANA reached a one-month high, nevertheless bears person present pushed the token distant from this point.
As of writing, MANA/USD is present trading astatine $0.9128, which is marginally supra a enactment level of $0.9030.
The 14-day RSI presently sits astatine a level of 50, which would request to beryllium breached if bears are to widen this caller downtrend.
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