Största Movers: ADA når låga flera veckor, som Red Wave träffar kryptomarknader

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% lägre när det skrivs. Cosmos was also in the red, with prices retreating to a key price floor.

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 i dagens pass, following a high of $0.3637 på onsdag.

As a result of the move, cardano traded slightly above a floor at $0.3500, which is its weakest point since February 13.

Tittar på diagrammet, one of the catalysts for the move was a downward crossover between the 10-day (red), and 25-day (blue) moving averages.

Dessutom, the relative strength index (RSI) also failed to climb above a ceiling at 45.00.

I skrivande stund, the RSI is now tracking at 41.68, and appears to be heading for a floor at 40.00.

Kosmos (ATOM)

Dessutom, kosmos (ATOM) also fell back into the red, as prices retreated to a recent floor.

Efter en hög av $12.91 på onsdag, ATOM/USD dropped to a low of $12.26 tidigare under dagens pass.

The move saw the token fall below a long-term support point of $12.30, nearing a six-week low in the process.

Övergripande, 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.

När jag skrev, indexet följer kl 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 märke.

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Could cosmos fall below $12.00 Denna vecka? Låt oss veta dina tankar i kommentarerna.

Elijah Dambell

Eliman var tidigare chef för ett London-baserat mäklarhus, samtidigt som han är utbildare för onlinehandel. För närvarande, han kommenterar olika tillgångsslag, inklusive Crypto, Aktier och valuta, samtidigt som en startup-grundare.

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