Bitcoin Cash, Cosmos, Maker Price Movement Analysis for 23rd September, 2021

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Leading cryptos such as Bitcoin and Ethereum gained over the last 24 hours. Many altcoins also logged some form of price appreciation.

COSMOS, however, hiked by 23.1% and maintained its uptrend. It could push the altcoin towards a fresh all-time high on the charts.

Bitcoin Cash appreciated by 4.5% and eyed its immediate resistance while Maker flashed gains of 5.1%.

Bitcoin Cash [BCH]

Following the September 19 crash, Bitcoin Cash has shown signs of recovery. It gained 4.5 percent in the last 24 hours and was trading at $547.56. The coin was seen approaching its next resistance line of $578.56, and if the uptrend continues, Bitcoin Cash could return to trading at $608.74.

Bitcoin Cash was trading above its 20-SMA line on the 4-hour chart. This implied that the market momentum was on the buyers’ side.

The altcoin’s key indicators suggested that it was on the mend. After a bullish crossover, the MACD displayed green histograms. As buying strength increased over the last few trading sessions, the Relative Strength Index rose above the oversold level. Finally, the Awesome Oscillator detected green signal bars as well.

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If buying pressure falls again, the coin’s immediate support levels would be $524.73, followed by $504.63. Both of these price levels represent multi-month lows for the altcoin.

Cosmos [ATOM]

Bitcoin Cash, COSMOS and Maker Price Analysis: 23 September

COSMOS/USD, TradingView

Among the many altcoins that have been slowly moving north, COSMOS has seen a 23.1 percent increase in the last 24 hours. The price of the altcoin was $41.83. If the token maintains its bullish trend, it may retest its all-time high of $44.70. The altcoin experienced bullish trading across the market based on the key parameters.

COSMOS’s price was seen above the four-hour 20-SMA, indicating that price momentum favoured buyers.

The MACD displayed green histograms. The Relative Strength Index was above the half-line and into the bullish zone, indicating increased buying pressure. The Awesome Oscillator also flashed green signal bars.

COSMOS could witness a corrective pullback, in case of which the nearest support line would be at $38.38. Falling below the aforementioned price level would drag down COSMOS to $31.47 – The altcoin’s weekly low. The other price floor rested at $26.94.

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Maker [MKR]

Bitcoin Cash, COSMOS and Maker Price Analysis: 23 September

MKR/USD, TradingView

Maker has increased by 6% in the last 24 hours and is now worth $2562.86. If the altcoin maintains its upward trend, it has the potential to break through the $2695 resistance level. Maker’s weekly high of $3050.24 was followed by a price ceiling of $3366. Maker’s technical outlook indicated positive market price action.

With buying pressure returning to the market, the Relative Strength Index may break above the half-line and enter bullish territory. Green histograms flashed on MACD. Bollinger Bands were constricted, indicating low price volatility in the coming trading sessions.

In case Maker loses momentum and dips below its press time price level, the first support for the price lay at $2284.51. The aforementioned price level would also mark the multi-month low for the altcoin.

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