Cosmos, Fantom, and Chainlink Price Analysis: 21 May

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Bit­coin was inde­ci­sive as it trad­ed just above the $29k mark, and the alt­coin mar­ket has been trad­ing side­ways in the past few hours as well. Cos­mos rose above the $11.06 sup­port lev­el and held on, while Fan­tom and Chain­link appeared to trade with­in a range.

Cosmos (ATOM)

Cosmos, Fantom, Chainlink Price Analysis: 21 May

Source: ATOM/USDT on TradingView

In the past week, the OBV has been climb­ing slow­ly but steadi­ly, while LINK also post­ed a series of high­er lows on the chart. In the past cou­ple of days, a spike in buy­ing vol­ume was seen, and the price also pushed past the $11.06 lev­el and flipped it to support.

The RSI was at 49 and has hov­ered just below the neu­tral 50 line in the past few hours as there was a lack of momen­tum on the charts. A short-term resis­tance lev­el for LINK is at $12.39, while sup­port is at $11.06 and $10.

Fantom (FTM)

Cosmos, Fantom, Chainlink Price Analysis: 21 May

Source: FTM/USDT on TradingView

In the past week, the price of FTM has hugged the $0.33 lev­el pro­gres­sive­ly tighter, and the Bollinger Bands were quite close to the move­ment of the price as well. This point­ed toward a lack of volatil­i­ty and momen­tum behind FTM in the past few days.

With­in the past 12 hours, how­ev­er, FTM post­ed gains of around 12% as it bounced from $0.332 to $0.372. The Bollinger Bands widened in response to this strong move, and the CMF also climbed above the +0.05 mark to show buy­ing pressure.

The RSI was also above the neu­tral 50 mark to show bull­ish momen­tum. How­ev­er, Bit­coin could have a large impact on FTM.

Chainlink (LINK)

Cosmos, Fantom, Chainlink Price Analysis: 21 May

Source: LINK/USDT on TradingView

Sim­i­lar to ATOM, LINK was also unable to climb past a lev­el of resis­tance to the north at $8. How­ev­er, unlike ATOM, LINK formed equal lows in the past week at the $6.66 sup­port lev­el. The trad­ing vol­ume was quite low in recent days.

The Awe­some Oscil­la­tor dipped below the zero line the pre­vi­ous day to sug­gest bear­ish­ness after LINK dropped from $7.33 to $6.8, a 6% drop. The A/D line was inch­ing low­er over the past week, and buy­ing vol­ume appeared to be weak.

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