Cosmos, FTX Token, Monero Price Movement Analysis for 5th April, 2021

Spread the love

Cosmos was not yet able to break through the $24.5 barrier, and it might also lose ground to the $20.3 help in the coming sessions. FTX Token and Monero also displayed divergences on different indices, with the former coin also predicted to fall below $250.

Cosmos [ATOM]

Two main points appeared in the Cosmos market after the wider market pullback in late February. The first was a solid support line of $16.7, which avoided a prolonged sell-off on many occasions. The second was at $24.5-resistance, which marked the end of a rally into new highs. Although monthly gains of 8.5 percent did not be insufficient, they were unconvincing as compared to gains of nearly 30 percent in ATOM’s main competitor – Polkadot.

According to the technicals, the ATOM will stay suppressed in the short term as well. The Awesome Oscillator was on the verge of creating a bearish twin top, and the MACD indicated a bearish crossover. A drop below the $20.3-support level could stretch all the way to the line of defence at $18.47.

FTX Token [FTT]

Source: FTT/USD, TradingView

Though FTX Token recovered impressively from $32.2 help, some bearishness was observed after it fell below $41.8. In reality, prior to the most recent pullback, divergences were seen on both the RSI and the Chaikin Money Flow. The CMF has pushed closer to the half-line, and a drop below this level would most likely drag FTT below the $38.7-support level.

RECOMMENDED READ:  Bitcoin Cash Price Movement Analysis: 31st January 2021

In the case of a breakdown from existing prices, new assistance levels of $36.9 and $35 will be prioritised.

Monero [XMR]

Source: XMR/USD, TradingView

On the 4-hour timeline, Monero bulls were effective in catching the area above the $262.67 resistance and converting it to a line of support. The next target was $282.9, which marked the high point of an early-February surge. However, there were some red flags in the industry.

At the time of publishing, the Awesome Oscillator displayed a bearish divergence and even recorded a single red bar. Furthermore, a divergence was observed on the OBV after it developed lower highs. Both of these indicators led to a breakdown in the coming sessions. There was some help around $249-$250, but a more practical goal was $239.05.


 176 Interactions,  6 today

Maker, Monero, Synthetix Price Movement Analysis for 14th April, 2021

Maker did not seem to be able to break through its $3,105 resistance level just yet. Monero shaped yet another Read more

Cosmos, Decred, Monero Price Movement Analysis for 12th April, 2021

Decred could reach $200 if its press-time support holds. Monero broke out in the opposite direction of an ascending channel, Read more Coin, Hedera Hashgraph,Monero Price Movement Analysis for 11th April, 2021 Coin was under selling pressure at $0.23, but it still had help in the $0.19-$0.2 range. Hedera Hashgraph would Read more

What exactly is Monero? , Monero (XMR) analysis, experience, benefits, and drawbacks

Monero is a cryptocurrency, a digital product that uses encryption to encrypt transactions. It is the thirteenth largest cryptocurrency by Read more

Litecoin, Monero, Chiliz Price Movement Analysis for 9th April, 2021

Litecoin has developed a growing wedge trend and may fall back to $217 in the coming hours, but its long-term Read more

Members of the Monero (XMR) network have criticised the MobileCoin project.

Riccardo Spagni, also known as “fluffypony” on Twitter, is the lead maintainer of Monero and recently expressed his thoughts on Read more

Algorand, Enjin Coin, Hedera Hashgraph, Monero Price Movement Analysis for 7th April, 2021

Algorand waited for more signals to leave its radius. Hedera is a kind of cactus. If the price slips below Read more

Bitcoin SV, Monero, Waves Price Movement Analysis for 4th April, 2021

Bitcoin SV rose dramatically to $267 before plummeting just as rapidly. Monero saw sellers jump in to push rates below Read more

Monero Price Movement Analysis for 4th April, 2021

For the last few days, the price of Monero has fluctuated significantly. The dynamic market activity took a new turn Read more

BAT, Cosmos, Monero Price Movement Analysis for 3rd April, 2021

Basic Attention Token lacked the volatility to support a significant price swing, but market strength was growing. As the price Read more

Leave a Reply

Contact Us