THELOGICALINDIAN - With cryptocurrency markets falling on Thursday XMR and ATOM were two of the better movers during the day Solana was additionally advancing a doubledigit abatement as beasts acutely sat out todays session
Monero (XMR)
Monero (XMR) was assuredly the better buck during Thursday’s session, as the cryptocurrency fell to the #40 position in the top 100.
Following a aerial of $192.23 on Wednesday, XMR/USD fell to an intraday low of $167.29, which is 12% lower than yesterday’s peak.
Today’s bead saw monero abatement hardly beneath its abutment point of $170 for the aboriginal time back Tuesday, with traders now assured lower lows.
Looking at the chart, the $153 akin could be a ambition for bears, should they abide to burden markets into added declines.
However, should we see this attic re-captured, beasts accept apparent a addiction to re-enter at this point, so a backlash will acceptable be inevitable.
Cosmos (ATOM)
Cosmos (ATOM) was addition notable mover during today’s session, as prices were clumsy to sustain Wednesday’s breach out of resistance.
Following a aerial of $31.21 yesterday, which saw prices hardly move aloft attrition of $30.25, ATOM/USD has so far collapsed to an intraday low of $27.58.
This bead in amount has about absolutely wiped out all of Wednesday’s gains, and now looks set to abatement alike added to abutment $26.25.
An obstacle that could anticipate this from accident is the 14-day RSI, which currently is sitting at 47.25, a point that has acted as a attic back February 26.
Should this be broken, bears will acceptable flood the market, however, we could see a backlash if amount backbone hardly rises appear the 50 level.
Are there any added movers you anticipate are account acquainted today? Let us apperceive your thoughts in the comments.
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