Cardano fell to a multi-week low on March 2, as cryptocurrency prices were mostly lower in today’s session. The global market cap has mostly declined on Thursday, and is trading 1.71% lower as of writing. Cosmos was also in the red, with prices retreating to a key price floor.
Sisu
Cardano (ADA)
Cardano (ADA) dropped to a multi-week low on Thursday, as prices collided with a key support point.
ADA/USD plunged to an intraday low of $0.3501 in today’s session, kõrgeima taseme järgi $0.3637 kolmapäeval.
As a result of the move, cardano traded slightly above a floor at $0.3500, which is its weakest point since February 13.
Vaadates graafikut, one of the catalysts for the move was a downward crossover between the 10-day (red), and 25-day (blue) moving averages.
Lisaks sellele, the relative strength index (RSI) also failed to climb above a ceiling at 45.00.
Kirjutamise ajal, the RSI is now tracking at 41.68, and appears to be heading for a floor at 40.00.
Kosmos (ATOM)
Lisaks, cosmos (ATOM) also fell back into the red, as prices retreated to a recent floor.
Pärast kõrget $12.91 kolmapäeval, ATOM/USD dropped to a low of $12.26 varem tänasel istungil.
The move saw the token fall below a long-term support point of $12.30, nearing a six-week low in the process.
Üldiselt, cosmos is down by over 10% in the last seven days, which comes as the RSI continued to fall towards a floor at 40.00.
Kirjutamise seisuga, the index is tracking at 40.99, which is near its weakest point in the last two months.
Should price strength hit its targeted floor, ATOM will likely be trading close to the $12.00 mark.
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Pildi autorid: Shutterstock, Pixabay, Wiki Commons
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