{"id":13703,"date":"2022-08-23T16:03:58","date_gmt":"2022-08-23T16:03:58","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/atom-up-12-on-tuesday-as-near-snaps-losing-streak-market-updates-bitcoin-news\/"},"modified":"2022-08-23T16:03:58","modified_gmt":"2022-08-23T16:03:58","slug":"atom-up-12-on-tuesday-as-near-snaps-losing-streak-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/atom-up-12-on-tuesday-as-near-snaps-losing-streak-market-updates-bitcoin-news\/","title":{"rendered":"ATOM up 12% on Tuesday, as NEAR Snaps Losing Streak \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
\n<\/p>\n

\n
\n<\/header>\n
\n<\/div>\n

Cosmos was a notable gainer on Tuesday, as prices of the token rose by as much as 12% in the day. Today\u2019s surge sees the cryptocurrency climb for a third straight day, hitting a five-day high in the process. Near protocol was also in the green, as it rebounded following recent declines.<\/strong><\/p>\n

Cosmos (ATOM<\/a>)<\/h2>\n

Cosmos (ATOM<\/a>) was one of Tuesday\u2019s big gainers, as prices of the token surged by as much as 12%.<\/p>\n

Following a low of $10.25 to start the week, ATOM<\/a>\/USD rallied earlier today, hitting a high of $11.93 in the process.<\/p>\n

Today\u2019s peak sees ATOM<\/a> climb higher for a third straight session, hitting its highest level since August 18 in the process.<\/p>\n

\"Biggest<\/a>
ATOM<\/a>\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

Looking at the chart, today\u2019s move came as the token briefly broke out of a key resistance level of $11.55.<\/p>\n

As of writing, ATOM<\/a> continues to trade above this ceiling, however earlier gains have faded, with price currently at $11.56.<\/p>\n

Overall, it appears as if previous bulls have turned bearish, liquidating their positions shortly after today\u2019s breakout.<\/p>\n

Near Protocol (NEAR)<\/h2>\n

In addition to cosmos, near protocol (NEAR) was also in the green in today\u2019s session, as prices rebounded following recent losses.<\/p>\n

NEAR\/USD rallied to an intraday peak of $4.41 on Tuesday, climbing over 8% higher than Monday\u2019s low.<\/p>\n

Yesterday saw NEAR briefly fall below its support point at the $4.10 level, however bulls rejected a full break, and instead bought the dip.<\/p>\n

\"Biggest<\/a>
NEAR\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

Today\u2019s rebound in price comes as another rebound took place, on this occasion it was via the 14-day relative strength index (RSI).<\/p>\n

As seen on the chart, the floor of 38.15 avoided a breakout of its own, and as of writing RSI is tracking at 43.45.<\/p>\n

The next target for bulls is likely $4.70, however this will be made difficult following a downside cross of the 10-day (red) and 25-day (blue) moving averages, which could be signaling the prospect of further mid-term declines.<\/p>\n

Register your email here to get weekly price analysis updates sent to your inbox:<\/em><\/p>\n

What is behind today\u2019s rebound in crypto prices? Let us know your thoughts in the comments.<\/strong><\/em><\/p>\n

\n
\n<\/div>\n
\n
\nEliman Dambell <\/h6>\n

\nEliman brings a eclectic point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX.

\n
\n
\n<\/a>
\n<\/span>\n<\/p>\n<\/div>\n<\/div>\n

Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

\n

Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

\n