The crypto market has gained ground over the past few days. Market movers like Ethereum and Bitcoin also noted upswings on their respective price charts. However, the cryptos have encountered resistance around their crucial price ceilings.
Most alternative tokens have mimicked similar moves, while others saw remarkable growth within the past few days.
FTM/USD 4Hr Chart
Fantom saw significant upswings over last week. That way, FTM climbed past the 200-Simple Moving Average, showing massive bullishness. While writing this blog, the alt traded at $1.73, following a more than 10% value gain over the previous 24 hours.
As Fantom extended its upward journey, the coin flipped $1.28 into dependable support. Moreover, FTM’s technical indicators signal to intensify bullish strength. If the market continues the recovery, the alternative crypto will register substantial gains, ending the year on a bullish note.
Fantom maintained its price actions beyond the 20, 50, and 200 Simple Moving Average’s, depicting massive bullish power in the marketplace. The RSI stood beyond the 75-level, suggesting overbought conditions.
Directional Movement Index (DMI) showed bulls’ bias, showing that buyers controlled the prices. Fantom may close around the $2 level before 2021 ends with an extended upward push.
ATOM/USD 4Hr Chart
COSMOS had its price at $27.15 after gaining 10.2% within the past 24 hours. The digital coin maintained its price above the 200 Simple Moving Average, signaling bullish influence. The closest support floor stood at $25.65. Failure to stabilize at this mark will mean dropping to the $22.25 barrier.
Though the alt saw a remarkable surge, it aced a challenging resistance at $30.76. Persistent actions by bulls might see the crypto conquering this obstacle. Nevertheless, COSMOS’s prices stayed beyond the 20, 50, and 200 Simple Moving Averages, confirming a bullish motion.
The Relative Strength Index (RSI) remained overvalued as it maintained beyond the 75-level, despite falling. The increasing buyers might help the alt overcome its closest resistance. Furthermore, OBV indicated high buying momentum in the market.
For now, Cosmos and Fantom seem ready to embark on steady bullish runs. The digital tokens show massive bullishness as they park their prices beyond the 200SMA. Let’s wait for what the incoming sessions will have. Stay tuned.
