ATOM drops for 4th consecutive session, hits 1-week low – Market Update Bitcoin News


Cosmos traded lower for the fourth consecutive session on Monday, as prices approached a one-week low. Decentraland is also trading near a one-week low on Monday, with the global cryptocurrency market down more than 3% as of writing.

Cosmos (corn)

Cosmos (corn) for the fourth consecutive session, as the coin moved towards a one-week low.

After a high of $10.25 during yesterday’s session, cornThe US dollar fell to an intraday low of $9.27 earlier today.

come this step corn It approached the support point at $9.00, less than a week after approaching the breakout of the resistance at $11.25.

corn/ USD – daily chart

Looking at the chart, the recent declines have come as the RSI has fallen significantly, moving from 67 on Friday to 50 today.

If the 14-day RSI drops below the 50 level, which is also a point of support, this could see corn Move under $9.00.

Overall, the coin’s price is down only 3.62% from the same point last week, despite an extended series of declines.

Decentraland (MANA)

Likes cornDecentralized (MANA) was trading near its lowest level in one week during today’s session.

The world’s 34th cryptocurrency fell to an intraday low of $0.9051 earlier today, its lowest level since last Thursday, when prices fell to $0.8797.

This decentralization decline comes after a failed breakout attempt above the $1.02 resistance on Sunday.

MANA / USD – daily chart

Despite holding the cap, MANA has reached its highest level in a month, but the bears have now pushed the symbol away from this point.

As of this writing, the MANA/USD is now trading at $0.9128, marginally above the $0.9030 support level.

The 14-day RSI is currently at 50, which may need a break if the bears are to extend this latest downtrend.

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Do you expect decentralization to rise again above $1.00 this week? Let us know your thoughts in the comments.

Eleman Dambel

Eliman offers an eclectic view of market analysis, having worked as a brokerage manager, retail trading educator and market commentator on Crypto, Stocks, and FX.




photo credits: Shutterstock, Pixabay, Wikicommons

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