Cosmos fell to a key price floor on Friday, as bearish sentiment returned to cryptocurrency markets. Volatility has been high most of the week, with today seeing the global market cap drop by 0.95% as of writing. Chainlink also slipped in today’s session.
Cosmos (ATOM)
Cosmos (ATOM) dropped to a key support point on Friday, as bearish sentiment returned to the market.
Following a high of $10.92 on Thursday, ATOM/USD slipped to an intraday bottom of $10.50 earlier in the day.
The drop in price saw the token collide with its long-term floor, with bulls opting to buy the dip from that point.
At the time of writing, ATOM is trading at $10.61, which is still almost 3% lower than yesterday’s peak.
From the chart, it appears that the shift in momentum came after a failed breakout of a ceiling of 48.00 on the relative strength index (RSI).
The index is now tracking at 40.72, which is marginally above an upcoming floor at the 40.00 mark.
Chainlink (LINK)
In addition to ATOM, chainlink (LINK
We współpracy z: https://news.bitcoin.com/biggest-movers-atom-falls-on-friday-hitting-key-support-level/
