ATOM fell towards a three-week low on Thursday, as crypto markets were victim to yet another red wave. Overall, markets are down nearly 5% as of writing, with GRT dropping by almost 10% lower on the day.
Cosmos (ATOM)
ATOM dropped towards a three-week low during Thursday’s session, as global crypto markets were nearly 5% lower.
Following a peak of $10.46 on hump-day, ATOM/USD slipped to an intraday low of $9.23 earlier in today’s session.
This move sees ATOM back to its long-term support level of $9.30, which has mainly been holding firm since May 12.
However, with prices currently under a significant amount of descending pressure, this floor could be tested in upcoming days.
An early test will be how the 14-day RSI will react in the next few days, as price strength currently hovers marginally above a floor of 34.
Should this level give way, then bears will likely continue to pressure prices, pushing them to further lows in the process.
The Graph (GRT)
Another token to fall by ov
We współpracy z: https://news.bitcoin.com/biggest-movers-atom-falls-towards-multi-week-low-as-grt-extends-recent-losses/
