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Cosmos (ATOM):-
On the other side of the spectrum, another notable mover on Wednesday was cosmos (ATOM), which fell by as much as 10%.
ATOM/USD slipped to a low of $12.69 earlier in today’s session, breaking out of a key support point of $13.40 in the process.
This decline pushed cosmos to its lowest point since September 8, days after the token rallied from the support of $11.55
Looking at the chart, today’s drop comes as the 10-day (red) moving average had a downwards cross versus its 25-day (blue) counterpart.
Should this bearish momentum continue, we could see ATOM on a collision course with a floor of $11.55.
A positive for bulls come in the form of the 14-day RSI, which seems to have found a floor of 44.95, which could help stop the bleeding momentarily.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Cosmos (ATOM):-
On the other side of the spectrum, another notable mover on Wednesday was cosmos (ATOM), which fell by as much as 10%.
ATOM/USD slipped to a low of $12.69 earlier in today’s session, breaking out of a key support point of $13.40 in the process.
This decline pushed cosmos to its lowest point since September 8, days after the token rallied from the support of $11.55
Looking at the chart, today’s drop comes as the 10-day (red) moving average had a downwards cross versus its 25-day (blue) counterpart.
Should this bearish momentum continue, we could see ATOM on a collision course with a floor of $11.55.
A positive for bulls come in the form of the 14-day RSI, which seems to have found a floor of 44.95, which could help stop the bleeding momentarily.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
