Dai overtakes Cosmos, when Warner Deal sends the sandbox higher - market tactualizations

The price of the cosmos ( atom ) continued on Thursday, while Sandbox recovered with the Warner Music Group after his partnership. Overall, the crypto prices were traded by 3 % lower in today's meeting after yesterday's FOMC announcement.

biggest winner

The token Sandcasta (sand) was one of the biggest winners on Thursday and increased by up to 8 %when the prices after the news of a partnership climbed with wmg.

It was announced that the partnership in the hope was received to create a concert/thematic park within the meta pattern.

Sand/USD an intraaday high of $ 3.54 in the news, the highest level in five days, and after a rally, comes from the support of $ 2.99.

Today's step has contributed to bringing sand to the crypto top 40 and replacing helium (hnt).

If you look at the diagram, the prices have weakened somewhat from today's highs and are now below a short-term upper limit of $ 3.57

Sand/USD-TASTART

Many are now waiting to see the effects of this partnership on the future of the meta verse.

biggest loser

kosmos (atom) was in the minus for the second time and fell on an intraday low of $ 30.14. This decline pressed Cosmos under Dai, which led to the number 20 in market capitalization for cryptocurrencies.

The move saw atom /USD extends its latest outcome at the beginning of the week Resistance level of $ 36.30 started.

over the weekend, atom but the market tin broke after, but after, When the RSI value of 50 more profits prevented.

This level was a point of uncertainty in the past and fell with a cross-moving average that changed the dynamic.

If you look at the diagram below, the recent decline seems to have just started when the sliding 10-day (red) and 25-day average (blue) were crossed down.

As a result, prices are now approaching the support of $ 29.20 and were traded over 10 % lower at the time of writing.

will the bears continue to push atom /USD in the tomorrow's session lower? Share your thoughts in the comments.

Eliman Damell

Eliman brings a diversified view of the market analysis after working as a broker director, trainer in retail and market commentator in the areas of crypto, stocks and foreign exchange.

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