Cosmos traders can expect further losses as...
has also climbed steadily higher since last Sunday. Sunday, 10 June, saw Cosmos trading at $8.15. The prices have risen by 10.14% since and ATOM traded at $8.76 at press time.The USDT dominance fell in the past three days, showing some capital flow from stablecoins back into crypto assets. Yet, despite BTC’s short-term gains, neither BTC nor ATOM presented a strong bullish case.
On 10 June, ATOM fell as low as $7.01, a level it had not reached since July 2022. After that drop, ATOM registered a 27% bounce. While that could be considered impressive, context was important. The market structure remained bearish, although a move above $9 would signal short-term bullish intent. The RSI climbed above neutral 50 to signal a potential shift in momentum. However, the OBV was unable to crack the past week’s resistance. This showed that even though the price made higher lows in the past week the buying pressure was weak.
The CMF stood at +0.05 at the time of writing, once more showing that there was some buying pressure but not a significant capital influx to the ATOM market. The Fibonacci retracement levels showed that $8.62 and $9.06 were important resistance levels. The $8.62 was already breached, but a rejection from $9.06 remained possible.While the OBV struggled to climb past a local resistance, the spot CVD showed some upward impetus on 12 and 13 June.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Analyzing ATOM’s odds for a strong recoveryATOM could stay below the $10 psychological level for a while amidst negative sentiment in the futures market.
Read more »
Police seek to identify suspect in June 3 knifepoint robbery in KanataA suspect brandishing a knife fled with an undisclosed amount of money after holding up a store in Kanata June 3.
Read more »
Kitco daily macro-economic/business digest - June 15
Read more »
Police arrest suspect in June 2022 homicide caseRead the full story and comment on Tbnewswatch.com
Read more »
TMZ: Conor McGregor Accused of Rape at June 9 NBA Finals GameUltimate Fighting Championship star Conor McGregor and his team have denied the allegations.
Read more »