Cosmos fell for the fourth consecutive session Monday as prices dipped to their lowest level in a week. Decentraland also traded close to the one-week mark on Monday as the global cryptocurrency markets fell more than 3% at writing.
Cosmos (ATOM)
Cosmos (ATOM), which was down for its fourth session in a row, fell towards the one-week mark.
Following a high of $10.25 during yesterday’s session, ATOM/USD dropped to an intraday low of $9.27 earlier today.
ATOM’s support point at $9.00 is now closer than it had been a week ago, just as the resistance at $11.25 was about to break.
As you can see, the relative strength indicator (RSI), has dropped from 67 to 50 on Friday.
ATOM may move to $9.00 if its 14-day RSI drops below the 50 level. This is also a support line.
Overall, the price of the token dropped by only 3.62% from last week’s same date, in spite of a long streak of declining prices.
Decentraland
Like ATOM, decentraland (MANA) was trading close to a one-week low during today’s session.
The world’s thirty-fourth largest cryptocurrency slipped to an intraday low of $0.9051 earlier today, which is its lowest level since last Thursday, when prices dropped to $0.8797.
The decentraland price dropped after a failure to break above $1.02 resistance on Sunday.
MANA reached its one-month highest point despite the ceiling still being in place. However, bears now have the ability to push the token out of this level.
The MANA/USD trades at $0.9128 as of this writing. That is just a marginal increase from the $0.9030 support level.
The 14-day RSI stands at a level of 50. If bears wish to continue this current downtrend, they will need to break it.
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