Cosmos, Dogecoin, EOS Price Movement Analysis for 11th March, 2021

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Cosmos was unable to break the $21.3-level of resistance, but purchasing volume was steadily rising. Dogecoin once again traded beyond the $0.054-level after a refusal at $0.06. At the end of the day, EOS developed a bullish trend and could get a leg up to $4.4 after the breakout.

Cosmos [ATOM]

For the past three weeks, ATOM has not seen a clear direction in its price movements. It encountered strong opposition at the $21.3 mark, and even consistently tested the $17 level of support during the same time.

In reality, the past week saw the market bulls recover a little hold of the market, steadily pushing the price up to flip $19.2 to help. The OBV was gently moving north, underlining the fact that the buyers were just marginally heavier.

The RSI was dipped below 50 on the 4-hour map. A session close to $19.22 will see a fall at $18.3 and below. A long place can be reached on a $19.22 retest, assuming vendors have not taken care of the lower timeframes.

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Dogecoin [DOGE]

EOS, Cosmos, Dogecoin Price Analysis: 11 March

Source: DOGE/USDT on TradingView

In the first week of March, DOGE seemed to be in the stabilisation process over the $0.0495 mark. The Bollinger Bands started to tighten around the price on the 4-hour map. A few days earlier, DOGE saw a jump up to $0.06, with the alt rising momentarily to hit $0.062, before the sellers moved the price down by nearly 12 per cent.

The $0.06, $0.054, and $0.049 amounts will be of concern over the next few days. The price was higher than the 50-period EMA at press time (yellow). If buyers could protect this pace, DOGE could see the head north again, particularly if Bitcoin makes any gains as well.


EOS, Cosmos, Dogecoin Price Analysis: 11 March

Source: EOS/USDT on TradingView

EOS formed an upward triangle pattern on the indices, and at the time the price was within the pattern, the trading volume was still downwards. This signalling that a breakout was undoubtedly inevitable, but a near out of the trend supported by strong volume would decide the course of the transfer.

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Just above $4 was a supply region in the vicinity of $4.4, making it a benefit field on breakout. Closing below the $3.9 level will see EOS visiting the $3.65 level. The Awesome Oscillator was above zero whilst the crossover below the half-line can be used to lend proof of a failure.

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