Cosmos, Fantom, and Chainlink Price Analysis: 21 May


Bitcoin was indecisive as it traded just above the $29k mark, and the altcoin market has been trading sideways in the past few hours as well. Cosmos rose above the $11.06 support level and held on, while Fantom and Chainlink appeared to trade within a range.

Cosmos (ATOM)

Cosmos, Fantom, Chainlink Price Analysis: 21 May

Track live crypto price of 10000+ coins!


Source: ATOM/USDT on TradingView

In the past week, the OBV has been climbing slowly but steadily, while LINK also posted a series of higher lows on the chart. In the past couple of days, a spike in buying volume was seen, and the price also pushed past the $11.06 level and flipped it to support.

The RSI was at 49 and has hovered just below the neutral 50 line in the past few hours as there was a lack of momentum on the charts. A short-term resistance level for LINK is at $12.39, while support is at $11.06 and $10.

Fantom (FTM)

Cosmos, Fantom, Chainlink Price Analysis: 21 May

Source: FTM/USDT on TradingView

In the past week, the price of FTM has hugged the $0.33 level progressively tighter, and the Bollinger Bands were quite close to the movement of the price as well. This pointed toward a lack of volatility and momentum behind FTM in the past few days.

Related:  Genesis Reveals Exposure to Three Arrows Capital

Within the past 12 hours, however, FTM posted gains of around 12% as it bounced from $0.332 to $0.372. The Bollinger Bands widened in response to this strong move, and the CMF also climbed above the +0.05 mark to show buying pressure.

The RSI was also above the neutral 50 mark to show bullish momentum. However, Bitcoin could have a large impact on FTM.

Chainlink (LINK)

Cosmos, Fantom, Chainlink Price Analysis: 21 May

Source: LINK/USDT on TradingView

Similar to ATOM, LINK was also unable to climb past a level of resistance to the north at $8. However, unlike ATOM, LINK formed equal lows in the past week at the $6.66 support level. The trading volume was quite low in recent days.

The Awesome Oscillator dipped below the zero line the previous day to suggest bearishness after LINK dropped from $7.33 to $6.8, a 6% drop. The A/D line was inching lower over the past week, and buying volume appeared to be weak.


Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: