Biggest Movers: DOT Drops Below $8.45 Resistance Level, as CRO Rises to Multi-Week High 

Polkadot dropped for a 2nd consecutive league connected Tuesday, arsenic the token failed to interruption retired of a cardinal absorption level. This determination saw the cryptocurrency autumn by astir 10%, arsenic the planetary marketplace headdress was chiefly successful the red. Cronos, however, managed to rally contempt this, hitting an astir seven-week precocious successful the process.

Polkadot (DOT)

Polkadot (DOT) was 1 of today’s notable tokens to fall, arsenic planetary crypto markets were predominantly successful the red.

DOT/USD dropped for a 2nd consecutive day, starring prices to a level of $7.70 earlier successful Tuesday’s session.

The determination comes little than 2 days aft the token was trading astatine a precocious astir $9.23, which was the highest level for DOT since June 10.

However, pursuing this highest bearish sentiment rose, arsenic traders moved to liquidate earlier positions, securing gains successful the process.

This coincided with the 14-day comparative spot scale (RSI) tracking astatine the 65.33 point, which was not lone a ceiling, but its highest constituent since April 4.

As a effect of prices being overbought, bears apt saw this arsenic an accidental to reenter the market.

DOT/USD is trading astatine $8.04 arsenic of writing.

Cronos (CRO)

While DOT declined connected Tuesday, cronos (CRO) was successful the greenish during today’s session, with prices hovering adjacent a seven-week high.

Following a debased of $0.136 to commencement the week, CRO/USD surged to an intraday highest of $0.1521 earlier today.

The rally came arsenic prices of CRO broke escaped of a caller absorption constituent astatine $0.1415, pursuing a tally of caller gains.

Overall, the token is up astir 30% successful the past week, pursuing a streak of gains which commenced astatine a enactment constituent of $0.1150 connected July 26.

As a effect of this caller uptrend, terms spot has present peaked, with the RSI tracking astatine 67.94, which is successful overbought territory.

This is besides the highest constituent the scale has deed successful the past 4 months, and could perchance pb to a terms reversal, akin to DOT.

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Do you expect cronos to widen these caller gains this week? Let america cognize your thoughts successful the comments.