Cosmos, Tron, NEAR баа талдоо: 27 January

With the market flashing relatively low volatility over the past two days, Tron and NEAR saw bearish patterns while flashing weak near-term technical indications.

On the other hand, Cosmos broke down from its flag and pole. Now, the $32.5-makr would be crucial for the bulls to defend.

Космос (Atom)

Булак: TradingView, ATOM/USDT

The sellers ensured the $43-mark resistance and kept exerting pressure since 17 January. The recent sell-off led ATOM to lose 35.6% of its value until 22 January.

As we saw in the previous article, ATOM saw an expected breakdown after forming a bearish flag and pole pattern. It dropped by nearly 17% in the past day only to find support at the 38.2% Fibonacci level. Now, the immediate testing grounds for the bulls stood at the $32.5-mark.

Басма сөз учурунда ATOM 31.47 долларга сатылып жаткан. The RSI saw a down-channel (yellow) breakout. It finally crossed the half-line but was quick to fall below it and stood weak at the time of writing. Also, MACD's histogram plunged below the equilibrium, while its lines hinted at a bearish edge.

Tron (TRX)

Булак: TradingView, TRX/USDT

61.8-январдагы 20% Фибоначчи каршылыгынан артка кайткандан кийин, TRX кененирээк траектория менен байланышып, кескин төмөндөп кетти. Альт төрт күндүн ичинде эле 28.2% төмөндөп, 24-январда алты айлык эң төмөнкү чекке жетти.

Since the sell-off, TRX witnessed a bearish pennant pattern on its 4-hour chart. Unless the bears dwindled, the immediate resistance stood at the upper trendline of the pennant.

Басма сөз учурунда TRX 0.05651 долларга сатылып жаткан. жыгылган клин жарылгандан кийин, RSI tested the half-line but still struggled to top the half-line. Nevertheless, the northbound CMF still kept some bullish hopes alive after crossing the zero-line. 

Протоколдун жанында (NEAR)

Булак: TradingView, NEAR/USDT

Since its ATH, NEAR lost 53.83% of its value while losing the vital $13.2-level resistance (previous support). Further, the alt witnessed a bearish flag and pole pattern on its 4-hour chart. Now, the immediate hurdle for bulls stood at the $11.6-mark.

Басма сөз учурда, alt $ 11.444 соодаланды. Рекорддук эң төмөнкү деңгээлге түшкөндөн кийин RSI saw a solid revival in the past five days. A sustained close above half-line would further open up a recovery possibility. Interestingly, the Obv дагы maintained its support that upheld higher prices over the past month. This reading displayed a potential comeback possibility for the bulls. However, the ADX depicted a weak directional trend for NEAR.