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) 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 at this time.
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.
Wanting on the chart, current declines have come because the relative energy index (RSI) dramatically dropped, shifting from 67 on Friday to 50 at this time.
Ought to the 14-day RSI fall beneath the 50 degree, which can also be a assist level, this might see ATOM shifting beneath its $9.00 flooring.
Total, costs of the token fell by simply 3.62% from the identical level final week, regardless of this prolonged streak of declines.
Like ATOM, decentraland (MANA) was buying and selling near a one-week low throughout at this time’s session.
The world’s thirty-fourth largest cryptocurrency slipped to an intraday low of $0.9051 earlier at this time, which is its lowest degree 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.
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 degree of $0.9030.
The 14-day RSI presently sits at a flooring of fifty, which might have to be damaged if bears are to increase this current downtrend.
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