Cosmos was 10% decrease on Saturday, because the crimson wave as soon as once more submerged crypto markets. Regardless of this, Anchor protocol was once more in a position to prolong features, climbing by as a lot as 15% within the course of.
Cosmos (ATOM) was in a position to dangle on to the #20 spot within the crypto prime 100 on Saturday, regardless of falling by double digits to start out the weekend.
Right this moment’s fall in ATOM/USD comes as costs failed to keep up a one-month excessive throughout yesterday’s session, as its resistance stage held agency.
Following a failed breakout of this ceiling, which was at $33.70, ATOM/USD proceeded to fall to a low of $29.71 earlier as we speak.
As of writing, ATOM is buying and selling 8.23% decrease, because the 14-day RSI marginally stays neither oversold or overbought, and is monitoring at 51.
That is considerably excellent news for bulls, who stay optimistic a couple of potential rebound, with many nonetheless hopeful that the $34.00 resistance level may very well be hit in upcoming classes.
The current upward crossover of the 10-day and 25-day shifting averages will doubtless be one of many indicators that spurs them on.
Anchor Protocol (ANC)
Friday’s greatest crypto gainer was additionally Saturday’s, as ANC prolonged its run, cementing a brand new document excessive within the course of.
Anchor protocol is now up for a fifth consecutive session, with bulls ignoring the present uncertainty available in the market to push its worth increased.
As of writing, ANC/USD rose to an intraday excessive of $6.18 throughout as we speak’s session, which is a brand new all-time excessive.
This rise in worth momentum comes because the 10-day (crimson) short-term shifting common continues to go from power to power, with no indicators of any slowing down.
Nonetheless, as we all know from earlier bull runs, what goes up, may ultimately come down, and with ANC extraordinarily overbought, bears are doubtless lurking.
Might we see ANC hit $10 within the subsequent few weeks? Tell us your ideas within the feedback.
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