Cosmos was buying and selling decrease for a fourth consecutive session on Monday, as costs approached a one-week low. Decentraland was additionally buying and selling near a one-week low on Monday, as the worldwide cryptocurrency market fell by over 3% as of writing.
Cosmos (ATOM)
Cosmos (ATOM) declined for a fourth straight session, because the token moved in the direction of a one-week low.
Following a excessive of $10.25 throughout yesterday’s session, ATOM/USD dropped to an intraday low of $9.27 earlier right now.
The transfer comes as ATOM moved nearer to its assist level of $9.00, lower than every week after nearing a breakout of a resistance at $11.25.
ATOM/USD – Day by day Chart
Trying on the chart, latest declines have come because the relative energy index (RSI) dramatically dropped, shifting from 67 on Friday to 50 right now.
Ought to the 14-day RSI fall beneath the 50 stage, which can be a assist level, this might see ATOM shifting beneath its $9.00 ground.
Total, costs of the token fell by simply 3.62% from the identical level final week, regardless of this prolonged streak of declines.
Decentraland (MANA)
Like ATOM, decentraland (MANA) was buying and selling near a one-week low throughout right now’s session.
The world’s thirty-fourth largest cryptocurrency slipped to an intraday low of $0.9051 earlier right now, which is its lowest stage since final Thursday, when costs dropped to $0.8797.
This drop in decentraland comes following a failed breakout try above resistance of $1.02 on Sunday.
MANA/USD – Day by day Chart
Regardless of the ceiling being held, MANA reached a one-month excessive, nevertheless bears have now pushed the token away from this level.
As of writing, MANA/USD is now buying and selling at $0.9128, which is marginally above a assist stage of $0.9030.
The 14-day RSI at present sits at a ground of 50, which might should be damaged if bears are to increase this latest downtrend.
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