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ATOM Drops for Fourth Straight Session, Hitting 1-Week Low – Market Updates Bitcoin Information

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 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.

atomusd 2022 07 25 16 02 13 3f9ea
ATOM/USD – Each day Chart

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.

Decentraland (MANA)

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.

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MANA/USD – Each 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 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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Eliman Dambell

Eliman brings a eclectic viewpoint to market evaluation, having labored as a brokerage director, retail buying and selling educator, and market commentator in Crypto, Shares and FX.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

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