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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 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 in the present day.
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.
Trying on the chart, current declines have come because the relative power index (RSI) dramatically dropped, shifting from 67 on Friday to 50 in the present day.
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 ground.
General, 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 in the present day’s session.
The world’s thirty-fourth largest cryptocurrency slipped to an intraday low of $0.9051 earlier in the present day, 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 at the moment sits at a ground of fifty, which might must be damaged if bears are to increase this current downtrend.
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