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Maker {MKR}, Cosmos {ATOM} price analysis and expected destiny

Bitcoin

Maker is ranked at #23 in the market. The trading volume recorded stands at roughly $12.361 million, whereas the supply has 1,000,000 MKR tokens included. The total market cap of Maker is $541.906 million for now. MKR is priced at $541.91 as of this instant.

According to the candlestick chart connected to the MKR/USDT pair on tradingview [based on data from HitBTC], the digital asset is being influenced by bulls at present. The resistance level close to $607.08 may be broken by the end of next week if the virtual currency continues soaring. The daily RSI [for 14 periods] is at 63.47.

In the aftermath of 16th September, the MACD line has begun climbing gradually over the signal line, and the two are growing further apart. This points to buyers stepping up their activities. Although, the Ichimoku Cloud hasn’t turned green yet. The Awesome Oscillator peaks have lengthened atop the zero line, and they have been green since 18th of September.

Cosmos is ranked at #22 in the market. So far, the price dipped at a rate of 2.31% in the course of the past 24-hours. This brought ATOM all the way down to $3.11 where it holds. The total market cap of Cosmos is $592.315 million. The trading volume recorded is $151.050 million, and the supply has 190,688,439 ATOM tokens in circulation.

According to the candlestick chart connected to the ATOM/USD pair on tradingview, sellers are trying hard to push the value south. The distance between the MACD line and the signal line has been shrinking systematically, although the histogram is still green.

Since 19th September, the Awesome Oscillator peaks have been brown. This indicates the presence of bearish pressure; which may drive ATOM down to the initial support level near $2.4161. On the other hand, resistance adjacent to $3.568 isn’t too far away, and this target will be achieved if ATOM shoots up in a sudden manner.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.