Polkadot, Monero, Cosmos Price Movement Analysis for 3rd July, 2021

Spread the love

 128 Interactions,  4 today

Despite uneven rises in the broader market, DOT challenged its immediate support levels a few of times in the previous several days, indicating that it may ultimately breach it shortly. Over the previous 24 hours, XMR saw lateral movement, with a 19.28 percent drop in trading volume. Finally, with a 12.55 percent increase in market capitalisation, ATOM sent out an overbought signal on the chart.

Polkadot [DOT]

DOT was one among the cryptos that did not rebound well after the June collapse. At press time, the cryptocurrency had failed to recoup all of its losses and was trading at $15.47, up 3.7 percent in 24 hours.

The cryptocurrency has already tested the $14 support level, and considering its current price level, if the coin goes on a downturn again, it may find itself reaching the $14 support level shortly.

Buying strength has increased in the previous 24 hours, according to the Relative Strength Index, which was slightly higher at the time of writing. This resulted in a slight decrease in selling pressure. The price increase was mirrored by the Parabolic SAR, which was located underneath the candlesticks.

RECOMMENDED READ:  Litecoin, Ethereum Classic, Synthetix Price Movement Analysis for 17th April, 2021

In terms of volatility, the Bollinger Bands showed a modest convergence, suggesting that the cryptocurrency’s price volatility may be decreased in the coming trading sessions.

Monero [XMR]

Polkadot, Monero and Cosmos Price Analysis: July 3

XMR/USD, TradingView

Monero‘s price movement was likewise erratic, with the cryptocurrency observed holding between the $200 support and $225 resistance levels. The alt was trading at $213 at the time of publication. Monero, despite some recent price increases, was near the conclusion of a downturn from its price levels before to 21 June, with daily gains of 4.6 percent and weekly gains of 8.2 percent.

As green lines appeared below the Awesome Oscillator, the alt signalling the start of bullish momentum. If the price continues to rise, the next resistance level to watch for is $225. The Parabolic SAR indicated an increase for XMR, with the cryptocurrency gaining slightly in the previous 24 hours.

The MACD lines were intersecting following a bearish crossing, however the histogram displayed a bullish signal with green bars on the indicator.

RECOMMENDED READ:  Finding a happy medium: Are traditional financial institutions ready for DeFi?

Cosmos [ATOM]

Polkadot, Monero and Cosmos Price Analysis: July 3

ATOM/USD, TradingView

Since June 26th, ATOM has been on an upward trend. However, a few of days ago, it began to consolidate between its immediate support and resistance levels. ATOM’s price has risen by 22.8 percent in the last week, and it was trading in the green at the time of publication. If the price does not fall any lower, the alt will most likely try the $14.60 resistance level.

ATOM’s technical indicators pointed to short-term positive momentum in the next days as it attempted to break over the $14.60 resistance level. Meanwhile, if the price falls, the crypto-support asset’s level may be $8.70.

The Awesome Oscillator indicated a bullish mood as the green bars were found above zero. On July 3, there was a bullish crossing, as shown by the MACD indicator.

The Stochastic RSI indicated that ATOM was approaching the overbought zone.

Leave a Reply

Contact Us