THELOGICALINDIAN - ATOM confused afterpiece appear a oneyear low on Wednesday as prices alone by about 10 This came as DOT additionally beneath during todays trading affair back all-around crypto markets fell by over 3 as of autograph
Cosmos (ATOM)
On Wednesday, ATOM was one of the better movers in the session, as it fell by about 3% lower during hump-day.
ATOM/USD slipped to an intraday low of $10.47 during today’s stretch, which came afterward a aiguille of $11.73 on Tuesday.
This basal saw prices move appear their abiding abutment akin of $10.30, a akin which was accustomed aftermost week, afterwards prices alone to multi-month lows.
As of writing, prices are bottomward 8.46%, with the 14-day Relative Strength Index (RSI) additionally lower, trading about beneath 30.
Looking at the chart, the basis is hardly aloft 30, afterwards declining to breach above its own attrition akin of 33.
With prices actuality so abutting to a floor, the automated appearance would be that we are set for a drop, which could see us anamnesis contempo one-year lows.
Polkadot (DOT)
DOT was additionally bottomward during hump-day, as prices slipped by over 8%, with prices falling for two of the aftermost three days.
Following an intraday aerial of $11.14 over the advance of Tuesday’s session, DOT/USD alone to a low of $9.78 beforehand today.
As prices declined, bears began to outline abeyant ambition points, with the attic of $8.40 a akin of absorption for those assured added declines.
This abutment akin was aboriginal accustomed six canicule ago, back prices fell beneath $7, hitting their everyman point back January 21 as a result.
Although this attic has accurate itself to be firm, amount backbone is still currently oversold, with the RSI tracking at 35.33.
This point is a attic in its own right, and as continued as it charcoal firm, we will acceptable not see any added drops in amount in the abutting few days.
Do you accept $8.30 is the accurate attic in DOT? Let us apperceive your thoughts in the comments.
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