As per the news floating around the internet, it claims that during Thursday’s session, ATOM fell to a three-week low as global cryptocurrency markets fell over 5%. ATOM/USD fell to an intraday low of $9.23 earlier today after reaching a high of $10.46 on hump-day. ATOM has now returned to its long-term support level of $9.30, which has largely held since May 12.
Furthermore, because prices are currently under a lot of downward pressure, this floor may be tested in the coming days. The 14-day RSI will be put to the test in the next few days, as price strength is currently hovering just above a floor of 34. If this level is breached, bears will probably tend to exert pressure on prices, causing them to fall to new lows.
On the other hand, GRT, which fell for the second straight session, was another token that fell by more than 10% on Thursday. Despite a four-session winning streak, GRT prices have plummeted in the last two days, with today’s move bringing the price close to the floor. Today, the GRT/USD pair hit an intraday low of $0.1414, down from a high of $0.164 on Wednesday.
As a response to today’s drop, prices are approaching the $0.1320 support level, which hasn’t been touched since May 27. This comes as the moving averages’ momentum continues to drop, but it has slowed and the 10-day average is now going sideways. It will cross the downward 25-day average if it continues on its current path, which might be an ideal setting for a price turnaround.
Bitcoin Atom (BCA) is a SegWit-enabled Bitcoin fork with hybrid consensus and on-chain atomic exchanges. GTR, or Ghost Trader, is a real-world token. It allows you to earn a passive income by receiving monthly dividends in BUSD.
