THELOGICALINDIAN - Cosmos was 10 lower on Saturday as the red beachcomber already afresh abysmal crypto markets Despite this Anchor agreement was afresh able to extend assets aggressive by as abundant as 15 in the process
Cosmos (ATOM)
Cosmos (ATOM) was able to adhere on to the #20 atom in the crypto top 100 on Saturday, admitting falling by bifold digits to alpha the weekend.
Today’s abatement in ATOM/USD comes as prices bootless to advance a one-month aerial during yesterday’s session, as its attrition akin captivated firm.
Following a bootless blemish of this ceiling, which was at $33.70, ATOM/USD proceeded to abatement to a low of $29.71 beforehand today.
As of writing, ATOM is trading 8.23% lower, as the 14-day RSI hardly charcoal neither oversold or overbought, and is tracking at 51.
This is somewhat acceptable account for bulls, who abide optimistic about a abeyant rebound, with abounding still hopeful that the $34.00 attrition point could be hit in accessible sessions.
The contempo advancement crossover of the 10-day and 25-day affective averages will acceptable be one of the indicators that spurs them on.
Anchor Protocol (ANC)
Friday’s better crypto gainer was additionally Saturday’s, as ANC continued its run, cementing a new almanac aerial in the process.
Anchor agreement is now up for a fifth after session, with beasts blank the accepted ambiguity in the bazaar to advance its amount higher.
As of writing, ANC/USD rose to an intraday aerial of $6.18 during today’s session, which is a new best high.
This acceleration in amount drive comes as the 10-day (red) concise affective boilerplate continues to go from backbone to strength, with no signs of any slowing down.
However, as we apperceive from antecedent balderdash runs, what goes up, could eventually appear down, and with ANC acutely overbought, bears are acceptable lurking.
Could we see ANC hit $10 in the abutting few weeks? Let us apperceive your thoughts in the comments.
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