ATOM, XLM and XMR Price Analysis: 20 August

Because the market continues its downward motion, Bitcoin [BTC] struggled to remain throughout the $22K mark. Different cash adopted swimsuit of their worth plunge as most of them fell under their costs set final week.

Cosmos [ATOM], Monero [XMR], and Stellar [XLM] mirrored this destructive motion respectively as their worth noticed a pointy fall.

Cosmos (ATOM)

Supply: ATOM/USDT TradingView

At press time, the worth of ATOM was $10.67 with a 12.95% drop within the final seven days. The Chaikin Cash Movement (CMF) indicator confirmed -0.02 indicating weak promoting strain whereas the Superior Oscillator (AO) was additionally hinting at a attainable pull again. 

The Bollinger Bands (BB) may also be seen widening after a brief interval of compression on 18 August as worth of the crypto is hovering under the center band. The 11.043 mark is performing as a resistance stage for the crypto after its fall on 19 August. If ATOM breaks previous this stage, a transfer upward could be anticipated. 

Stellar (XLM)

Supply: XLM/USDT TradingView

XLM is buying and selling at $0.11 after seeing a pointy fall from the 0.23 ranges on 19 August. The 0.10 stage is performing as assist for the crypto whereas the Relative Energy Index (RSI) is hovering near the 30-mark virtually falling into the oversold territory. 

The AO additionally reveals indicators of a pullback as XLM continues to remain on a bearish momentum. The crypto fell virtually 14.27% from its earlier ranges final week mimicking the market motion. 

Monero (XMR)

Supply: XMR/Tether TradingView

Monero was buying and selling at $145.46 following a gradual downtrend in its worth reflecting the bearish market sentiment. The CMF is at -0.22 indicating a powerful promoting strain whereas the On-Stability Quantity (OBV) additionally displays this downtrend affirmation. 

The crypto’s worth could be seen transferring inside a descending channel since 18 August with the 141.5 stage performing as a assist. If XMR breaks the 154.7 stage then it may be anticipated to maneuver additional upwards.

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