Cosmos fell 10% on Saturday as the red wave submerged cryptocurrency markets. Anchor protocol managed to increase its gains by up to 15% despite this.
Cosmos (ATOM)
Cosmos (ATOM), despite losing double digits in the start of the weekend, was able to hold onto the #20 position in the crypto top 100.
Today’s fall in ATOM/USD comes as prices failed to maintain a one-month high during yesterday’s session, as its resistance level held firm.
ATOM/USD crashed to $29.71 after it failed to breach this ceiling at $33.70 earlier today.
ATOM traded 8.23% less as of this writing. The 14-day RSI slightly remains neither too oversold nor underbought at 51.
Bulls are optimistic that there will be a rebound and many remain hopeful about the possibility of hitting $34.00 resistance in the coming sessions.
They will be encouraged by the recent up-crossing of the 10-day and the 25-day moving Averages.
Anchor Protocol (ANC).
Friday’s biggest crypto gainer was also Saturday’s, as ANC extended its run, cementing a new record high in the process.
The anchor protocol has been up for five consecutive sessions. Bulls are ignoring market uncertainty to push the price higher.
As of writing, ANC/USD rose to an intraday high of $6.18 during today’s session, which is a new all-time high.
As the 10-day (red-colored) short term moving average keeps growing in strength and shows no signs of slowing, this price momentum is accelerating.
As we all know, bull runs are not always successful. With ANC being so high, bears could be lurking.
Were we likely to see ANC reach $10 within the next few days? We would love to hear your comments.
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