THELOGICALINDIAN - FTM was bottomward by as abundant as 12 to alpha the weekend as crypto markets were already afresh beneath a red beachcomber ATOM was additionally victim to this beachcomber falling to its everyman akin back aftermost August during Saturdays session
Fantom (FTM)
Fantom (FTM) was bottomward by bifold digits on Saturday, as bearish burden connected to accelerate prices abysmal into multi-month lows.
Saturday saw FTM/USD abatement for a third after session, as prices hit an intraday low of $0.786 beforehand today.
Today’s low is the everyman point prices accept accomplished back aftermost September, and comes afterward a bearish alpha to the year.
Overall, FTM has traded lower for bristles of the six aftermost months, anytime back recording an best aerial of $3.47 in October.
Looking at the chart, this weakness has pushed prices abysmal into oversold territory, which is one of the alone acceptable signs for actual abiding bulls.
Despite FTM declining to acquisition a attic in contempo months, should this accepted akin authority firm, we may activate to see consolidation, and potentially alike changeabout in accessible months.
Cosmos (ATOM)
FTM was not the alone badge to abatement to multi-month lows to alpha the weekend, with cosmos (ATOM) additionally bottomward on Saturday.
Following a aiguille of $20.36 during Friday’s session, ATOM/USD started the weekend by falling to a low of $18.96.
This basal was over 5% lower than yesterday’s high, and sees prices abatement to their everyman akin back the end of aftermost August.
ATOM is now trading in the red for a additional after month, as prices abide to attempt to acquisition a acceptable floor.
Its best contempo abutment akin of $21.63 was burst beforehand this week, as the 14-day RSI connected to additionally lose strength.
Now tracking at the 28 level, about backbone seems to accept an acting floor, and should this authority firm, we could see an attack to re-enter the $21 level.
Which is added acceptable to accept a able rebound, ATOM or FTM? Let us apperceive your thoughts in the comments.
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