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Bitcoin was indecisive because it traded simply above the $29k mark, and the altcoin market has been buying and selling sideways previously few hours as nicely. Cosmos rose above the $11.06 help degree and held on, whereas Fantom and Chainlink appeared to commerce inside a variety.
Cosmos (ATOM)
Supply: ATOM/USDT on TradingView
Up to now week, the OBV has been climbing slowly however steadily, whereas LINK additionally posted a sequence of upper lows on the chart. Up to now couple of days, a spike in shopping for quantity was seen, and the value additionally pushed previous the $11.06 degree and flipped it to help.
The RSI was at 49 and has hovered just under the impartial 50 line previously few hours as there was a scarcity of momentum on the charts. A brief-term resistance degree for LINK is at $12.39, whereas help is at $11.06 and $10.
Fantom (FTM)
Supply: FTM/USDT on TradingView
Up to now week, the value of FTM has hugged the $0.33 degree progressively tighter, and the Bollinger Bands had been fairly near the motion of the value as nicely. This pointed towards a scarcity of volatility and momentum behind FTM previously few days.
Inside the previous 12 hours, nevertheless, FTM posted good points of round 12% because it bounced from $0.332 to $0.372. The Bollinger Bands widened in response to this robust transfer, and the CMF additionally climbed above the +0.05 mark to point out shopping for stress.
The RSI was additionally above the impartial 50 mark to point out bullish momentum. Nonetheless, Bitcoin might have a big affect on FTM.
Chainlink (LINK)
Supply: LINK/USDT on TradingView
Much like ATOM, LINK was additionally unable to climb previous a degree of resistance to the north at $8. Nonetheless, not like ATOM, LINK fashioned equal lows previously week on the $6.66 help degree. The buying and selling quantity was fairly low in latest days.
The Superior Oscillator dipped beneath the zero line yesterday to recommend bearishness after LINK dropped from $7.33 to $6.8, a 6% drop. The A/D line was inching decrease over the previous week, and shopping for quantity seemed to be weak.
