In the previous six weeks, the major U.S. stock market indices had their fifth weekly closing. Even though Bitcoin is getting close to its yearly lows, certain cryptocurrencies are doing well. Let’s have a look at four cryptocurrency charts that appear promising in the near future.
ATOM: For the previous few days, ATOM, the native token of the Cosmos blockchain, has been trading above the $13. 46 breakout mark. A balance between supply and demand can be seen because the 20-day EMA ($14. 22) has flattened out and the RSI is close to the middle of the range.
ALGO: Although the price surpassed the overhead resistance at $0. 38, the bulls were unable to capitalize on this momentum. This demonstrates that the bears are still active and that they continue to short rallies.
CHZ/USDT: The bears have been attempting to drive the price below $0. 26, but the bulls have resisted. This demonstrates that the bulls see a purchasing opportunity in the downturn. The RSI’s negative divergence shows that the bullish momentum might be waning.
QNT/USDT: The downtrend line may once more be reached by the QNT/USDT pair. If this obstacle is overcome, the pair may increase to $133 and then to $154 in the future. If the pair breaks through $112, they may fall to the 50-SMA and then to $95.