What crypto news recently has the Cosmos (ATOM), Verge (XVG) and Chiliz (CHZ) coins?
Let’s take a closer look at them below, with a special focus on their price trends.
Focus on the price of crypto Cosmos: performance compared to Verge and Chiliz
Based on the latest data, we see that crypto Cosmos (ATOM) is trying to restore the psychological level of $10. However, some fundamental and technical indicators are misaligned, casting doubt on its ability to break above $10 in the near term.
Since the major crash on June 10, ATOM has consistently recorded higher lows and higher highs on the 4-hour chart, indicating a rising trend.
However, bullish traders will soon face significant resistance $10.1which corresponds to a bearish order block (OB) formed on June 6 on the 4-hour chart.
This level could represent strong resistance unless bullish traders can break above it $10.5. However, if bulls fail to hold their position, sellers may appear in the bearish OB.
We also see that the RSI indicates a overbought condition, while the OBV is showing an increase, indicating more buying pressure and demand in recent days.
According to SanitationATOM’s trading volume peaked at 123 million after the price was reached $9.2 on June 30, but has since dropped to about 67 million. This significant drop could indicate a relief from buoyancy despite the demonstration.
Over the same period, development activity has leveled off, which could affect investor confidence in the long run. In addition, financing rates have turned negative further obstacles for short-term bullish people.
In conclusion, bullish people may prefer to wait for another mid or low range pullback test to re-enter the market in case ATOM fails to overcome the bearish OB.
Verge’s (XVG) impressive jump: +300%
The crypto Verge (XVG) recently had an impressive rise of almost 300% in the past week, bringing its market cap to $96 million. As we know, Verge is a cryptocurrency known for its focus on privacy and anonymity.
According to CoinGecko data, it has caught the attention of cryptocurrency watchers around the world, with a trading volume of $489 million in the last 24 hours.
Verge was first introduced in 2014 and gained popularity in 2017 during the Bitcoinpowered boom. The unique offering is based on providing a fast, efficient and privacy-focused blockchain for transactions.
Related to this, some experts have suggested that we are experiencing a “dino-cryptocurrency renaissance”, with a possible shift in market attitudes from “meme coinsto these so-called “dinosaur coins” – cryptocurrencies that have been around for a long time, but may have been eclipsed by the new and trendy.
Verge isn’t the only veteran altcoin on the rise; actually both Bitcoin Cash (BCH) and Litecoin (LTC)which are “dino proof of work coins” have also made significant gains recently.
However, it is too early to say whether this trend will continue over time, but it certainly has renewed interest in the veterans of the cryptocurrency world.
Chiliz: Strong buyer support is needed to recover
Chiliz’s price prediction indicates that the CHZ token is currently in a early recovery phase. That is, the price of CHZ forms an increasing pattern below the crucial EMA.
However, the price should strong support of buyers to recover as it faces significant resistance from previous levels and multiple moving averages.
In the short term, the price may try a bullish recovery. However, as it trades below the key levels of the EMA, buyers will need to break through several levels of resistance to reach their desired target.
We also see that investor sentiment regarding the price of Chiliz is rising 50.97% decline in bullish sentiment.
This drop in statistics suggests that investors are temporarily losing interest in tokens across the various social media communities.
Not only that, Lunar CrushThe declining statistics also indicate that the community on various social media platforms is currently not very engaged with the CHZ cryptocurrency.