Stellar Lumens, Cosmos, Crypto.com Coin Price Analysis: 12 September
The mouth of the Bollinger bands was widening towards the upside as price stayed near the upper band. XLM also moved past $0.081, which was its high on the previous bounce.
XLM has started on its road to recovery and could test resistance at $0.094 in the coming days.
The asset occupies the 17th spot on CoinMarketCap with a market cap of $1.74 billion. On 9 and 11 September, when the price saw some movement upward, the 24h trading volume was $120 and $140 million respectively. This value is lower than the daily average of the past couple weeks and meant the recent surge could be reversed.
ATOM was valued at $5.34 at the time of writing. It was trading beneath $5.4, the 61.8% retracement level of its previous surge in the month of August, highlighted by the Fibonacci Retracement tool.
RSI showed a value of 52, which is neutral. In the past few days, RSI has stayed very close to neutral 50, showing a lack of momentum in the market.
The retracement tool also highlighted some other important levels for ATOM, such as the $4.5 level that represents 78.6% retracement.
ATOM had a capitalization of $1.08 billion, placing it in the 23rd rank on CoinMarketCap.
Crypto.com Coin [CRO]
CRO was trading above both its 20 SMA (white) and 50 SMA (yellow) as it spiked from $0.148 to $0.16 in the past few trading sessions. 100 SMA (pink) is likely to act as resistance, with another level of resistance at $0.169 region.
Parabolic SAR gave a buy signal, and traders could use both the moving averages as well as the indicator’s dots to set stop-loss orders and take profit orders.
CRO held on to a top 10 spot on the list of cryptocurrencies with a capitalization of $3.2 billion.