Bitcoin Cash, Solana, Cosmos Price Analysis: 12 September

Bitcoin Cash, Solana and Cosmos Price Analysis: 12 September

Bitcoin and Ethereum consolidated on their respective charts, nevertheless, some altcoins noticed dissociated actions as they began dipping over the past 24 hours. Bitcoin Cash traded near its one month low, after falling by 4.4%.

Cosmos too declined by 4.3%, heading in direction of its rapid assist of $25.54. Solana, alternatively, displayed a breather from its rally and was buying and selling sideways. 

Bitcoin Cash (BCH)

Bitcoin Cash, Solana and Cosmos Price Analysis: 12 September

Bitcoin Cash fell by 4.4% and was buying and selling at $643.51. The coin was presently buying and selling close to its one-month low value degree. Another decline would push the coin beneath the $623.37 value flooring. Although Bitcoin Cash fell on its charts, the symptoms didn’t replicate the identical motion. 

(*12*)MACD displayed inexperienced sign bars on its histogram, after a bullish crossover indicating that costs might be recovering over the upcoming buying and selling periods. (*12*)Awesome Oscillator famous inexperienced sign bars as properly. (*12*)Chaikin Money Flow rose above the half-line indicating that capital inflows grew over the past buying and selling periods. 

In case BCH revives its costs, the coin would possibly topple over the $672.68 resistance mark after which revisit the one-week value degree of $705.02. Upon sustaining costs above the aforementioned value ceiling, it could possibly retest the multi-month excessive of $789.57. 

Solana (SOL)

Bitcoin Cash, Solana and Cosmos Price Analysis: 12 September

SOL demonstrated consolidation and dipped barely on its charts by 1.7% over the past 24 hours. Solana’s uptrend took a pause, as shopping for stress declined on the charts.

If SOL continues buying and selling sideways over the subsequent buying and selling periods, it may fall to its rapid assist line of $163.74 after which to its one-month low of $125.95. Additional assist degree lay at $93.20. 

Technical parameters for the coin pointed in direction of damaging value motion. As the 4-hour chart confirmed, costs had been beneath the 20-SMA, implying that the momentum was in favor of sellers. (*12*)MACD displayed pink bars on its histogram.

The (*12*)Awesome Oscillator flashed pink sign bars and a promote sign. (*12*)Relative Strength Index additionally registered a fall in shopping for stress and threatened to fall beneath the half-line. On the flip facet, the coin can revisit its all-time excessive of $214.96. 

Cosmos (ATOM)

Bitcoin Cash, Solana and Cosmos Price Analysis: 12 September

ATOM retreated downwards on its charts by 4.3% and was valued at $29.08. Despite rallying since 6 September and breaking by way of consecutive resistance ranges, the coin’s uptrend took a halt. Its rapid assist degree lay at $25.54 after which at its one week low of $21.50.

In case ATOM fails to stay above the latter assist degree, the coin may dip to its three-week low of $18, the next value flooring stood at a month’s low of $13.80. Technical indicators confirmed that ATOM could be headed in direction of value restoration.

(*12*)MACD underwent a bullish crossover and displayed a inexperienced bar on its histogram. (*12*)Awesome Oscillator confirmed a inexperienced sign bar because the earlier buying and selling session was within the inexperienced.

(*12*)Bollinger Bands converged suggesting that volatility would stay low over the upcoming buying and selling periods. On the flip facet, the coin may re-attempt to topple over its five-month excessive of $29.22.

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John Lesley/ author of the article

John Lesley is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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