Cosmos’ atomic token fell by 4% in the last 24 hours when Thursday’s short-lived crypto-rally stopped Friday.
Market Volatility has been lower on Friday, partly because of the Nation 4th July in USA
Bitcoin tried to form a new record high on Thursday, but just fell short and slid from $ 111,000 to $ 108,000, with most of the ALTCOINS as atom after its lead.
Technical analysis
- Atom-USD experienced a marked decline of $ 0.17 (3.95%) During the 24-hour period from July 3rd to 15:00 to 4 July 14:00, with the price dropped from $ 4.22 to $ 4.06.
- Asset established a clear downturn after not maintaining a $ 4.17 support, with high-volume sales that occurred at the $ 4.09 level.
- Volume spiked to 588,338 units over 7:00 hours on the 4th of July significant over the 24-hour average.
- Several attempts to establish support near $ 4.07 have been rejected, which suggests continued bearish momentum.
- In the course of 60 minutes from July 4th 13:06 to 14:05, atomic-USD dropped by $ 0.03 (0.61%)falling from $ 4.09 to $ 4.06.
- A short recovery attempt occurred at. 13:53 with price that reached $ 4.07, but Momentum could not maintain when sellers returned.
- The pattern of lower heights and lower low level confirms the continuation of the wider bearish trend approaching the psychological $ 4.00 support level.
The CD20 index throws 2%as the crypto market mood is worsened
The CD20 index has experienced a remarkable Bearish trend over the past 24 hours from July 3, 15:00 to July 4, 14:00, which falls from $ 1,803.70 to $ 1,765.27, representing a significant decrease of $ 38.43 or 2.13%.
The total range of $ 38.84 (2.15%) Highlights persistent sales pressure, with especially accelerated momentum downwards in the last hours when the index reached its lowest point of $ 1,764.86 at. 14:00, which suggests worsening market mood despite short consolidation attempts around the $ 1,780 level.
