Tag: amp
World’s first DeFi ETF to be listed on the Brazilian stock exchange in February
Hashdex, a global crypto-focused asset manager recently announced the approval of the world’s first DeFi exchange traded fund (ETF). The ETF will be listed on the Brazilian stock exchange, B3, under the ticker symbol DEFI11 on February 17th.
The post World’s first DeFi ETF to be listed on the Brazilian stock exchange in February appeared first on CryptoSlate.
Greenrise Global’s Medical Cannabis Subsidiary, AMP Alternative Medical Products GmbH becomes Exclusive Distribution Partner of a Selection of Little Green Pharma Extracts in Germany
Opera goes full crypto with the Crypto Browser Project
Opera Software has continued its trend of building specialized browsers with The Crypto Browser Project, a specialized Web3 browser optimized for the use of the blockchain and cryptocurrencies, together with its own dedicated wallet.
It doesn't appear that Opera plans to replace its desktop browser with its Crypto Browser, although the language Opera used was a bit vague. (Opera already offers a specialized gaming browser, Opera GX.) “Today, we are taking our Web3 effort a step further by allowing you to test experimental browsers on Android, Mac and Windows that will become our flagships for you to interact with Web3,” Opera said in a blog post.
Though Opera's browser is still built upon the same Chromium underpinnings as its current desktop browser, Opera also built in a number of Web3 features. (In some circles the term “Web3” has become synonymous with the blockchain, referring to a decentralized web that's governed by tokens.) In Opera's case, that includes designing in a more fully integrated non-custodial crypto wallet as well as quick links to crypto news, airdrops, and, yes, NFTs. The Crypto Browser Project also includes support for what Opera calls distributed apps, or dApps —a suite of decentralized apps that can provide more functionality than traditional plugins, according to Opera.
Opera said that its native, non-custodial crypto wallet would still allow for users to select an alternative wallet, such as Metamask, through a new wallet selector. The wallet's clipboard monitors itself to ensure that no other app alters the wallet data. Opera supports Ethereum, Bitcoin, Celo, and Nervos, and the company said it has announced partnerships with Handshake, NEAR, Polygon, and Solana.
The Crypto Browser Project also includes a sidebar, called the Crypto Corner, in which you can access Opera's crypto wallet. The Crypto Corner also includes “access to the latest blockchain news, upcoming airdrops, an industry events calendar, NFTs, crypto communities, educational content, podcasts, and videos as well as crypto prices, gas fees, and market sentiment—all in one spot,” Opera said. You can also access “Crypto Twitter,” Discord, Reddit, or DappRadar directly from the browser's speed dial.
Opera also said that it is preserving features like its anonymous, unlimited “VPN” proxy, which doesn't log user data.
Although Opera is touting its commitment to crypto, rival Brave staked out an earlier presence in the crypto community, with its own integrated crypto wallet and even its own cryptocurrency.
Users can download the new Crypto Browser for Android, Windows, and Mac, Opera said. An iOS version is coming soon, Opera said. An official launch of the Crypto Project is coming soon in the next few months, the company said.
AMD’s $199 Radeon RX 6500 XT tested: 5 key things you need to know
AMD's $199 Radeon RX 6500 XT is here, bringing both real-time ray tracing and affordable graphics cards back to the masses—if it can stay well-stocked enough to remain on store shelves for close to its suggested pricing, that is. This ain't your average graphics card though. AMD needed to tweak and tune the Radeon RX 6500 XT to (hopefully) keep cryptocurrency miners at bay and hit the coveted, crucial sub-$200 price point.
Putting this GPU through its paces took quite a bit more effort and explaining than usual. Head over to our comprehensive Radeon RX 6500 XT review for the complete rundown, but for folks who don't feel like wading through thousands of words and dozens of charts worth of analysis, here are five key facts you need to know about the Radeon RX 6500 XT.
1. This is a great graphics card for beginning PC gamers…
PC gaming picked up serious steam over the pandemic, but newcomers haven't had a shot at investing in affordable new gear, with most graphics cards going for double MSRP or more thanks to a mixture of a chip crunch, logistics woes, booming demand from cryptocurrency miners seeking profits, and more. We've resorted to suggesting a CPU with good integrated graphics as the best budget “graphics card” for gaming. Ugh.
That changes with the Radeon RX 6500 XT. Not only is this card affordable at $199, it will absolutely chew through competitive e-sports titles at high frame rates, and play modern triple-A games at a fast pace using Medium to High settings at 1080p resolution. It also supports modern features like ray tracing, AMD's Smart Access Memory, FidelityFX Super Resolution, Radeon Anti-Lag, and Radeon Boost, and all but ray tracing can help make this graphics card run even faster. Groovy.
If you already have a graphics card like the GeForce GTX 1650 Super or Radeon RX 580, though, the Radeon RX 6500 XT doesn't provide enough of a performance uplift to be a compelling upgrade (unless you want access to those features).
2. …if you stick to what it's good at
Crafting a sub-$200 graphics card in these trying times required AMD to turn to some unorthodox design decisions. The Radeon RX 6500 XT packs a scant 4GB of GDDR6 memory over a minute 64-bit bus unheard-of in modern gaming GPUs, though those memory chips are clocked at a blazing-fast 18Gbps and come augmented by AMD's radical Infinity Cache technology. It also, somewhat shockingly, only supports four PCIe lanes rather than the usual 16.
Those decisions mean that while the Radeon RX 6500 XT excels at what it's designed for—e-sports, and triple-A gaming at Mid to High settings at 1080p resolution—if you crank the eye candy to Ultra or jack up the resolution to 1440p, you could run into performance issues (like slow frame rates or lag spikes). Start at 1080p Medium graphics presets in your favorite games and nudge knobs up from there if you're able.
3. It's built to evade crypto miners
AMD
While many of AMD's design choices were no doubt made to hit the Radeon RX 6500 XT's juicy $199 suggested pricing, it's a bit more complicated than that when it comes to the memory system. If the GPU world wasn't so crazy right now, releasing a 1080p graphics card with just 4GB of RAM and a 64-bit bus in 2022 would get AMD laughed out of town. But in today's wild graphics card market, those limited specifications are almost genuine features, as the memory configuration will make the Radeon RX 6500 XT unappealing for mining Ethereum, the popular cryptocurrency fueling a lot of the sky-high graphics card demand. Ethereum thrives on memory bandwidth, and mining it requires your graphics card to have more than 4GB of memory.
“There's a lot of dynamics that are involved in the availability of the GPUs we have,” Radeon vice president Laura Smith said to PCWorld as part of a small roundtable with journalists during CES. “We have really optimized this one to be gaming first….You can see that with the way we've configured the part. Even with the four gigs of frame buffer, that's a really nice frame buffer size for the majority of triple-A games, but it's not particularly attractive if you're doing blockchain-type or mining activities. We've tried to make some gamer-first transitions for the things we don't control, but we have influence over, to optimize that card to be as accessible as possible to the use of gamers.”
We'll see if that translates into actual widespread availability at its $199 suggested price, but the Radeon RX 6500 XT has a better shot than most modern graphics cards at actually being obtainable—including Nvidia's imminent $250 GeForce RTX 3050. Fingers crossed. For more info, check out our explainer on why less memory could mean more in AMD and Nvidia's budget GPU battle.
4. Don't worry about using the Radeon RX 6500 XT in an older PC
After its reveal, gamers worried that the Radeon RX 6500 XT's four limited PCIe lanes would translate to terrible performance on any gaming PC more than a few years old. That's because those lanes work best on modern computers featuring the much-faster PCIe 4.0 interface. Older PCs have PCIe 3.0, and people feared that detail, mixed with the minimal number of available lanes, would choke off frame rates.
Brad Chacos/IDG
Spoiler: It does, but not to a degree worth worrying about in most games, thanks to the helping hand provided by AMD's fast GDDR6 chips and 16MB of on-chip Infinity Cache. Across our 11-game test suite, we saw two major outliers—Rainbow Six Siege performed identically on both PCIe 3 and 4, while Total War: Troy suffered a major 18.4 percent loss on PCIe 3.0—but otherwise, games were only an average of 6.4 percent slower in PCIe 3.0 mode. That's noteworthy but doesn't significantly alter the value proposition of the graphics card. It's still usually in the same performance ballpark as GPUs like the Radeon RX 580 and 5500 XT, or Nvidia's GeForce GTX 1060 6GB and GTX 1650, regardless of which version of PCIe being used.
That said, you need to keep the Radeon RX 6500 XT's intended usage in mind. Stick to those Medium to High graphics settings at 1080p and only nudge things up as you can. If you try to play on Ultra settings in intense games, or at 1440p resolution, you're likely to exceed the 4GB frame buffer on this card and if that happens over PCIe 3.0, lag spikes and performance slowdowns could get real nasty, real fast.
5. Other missing features
AMD also stripped out some other features in its quest to hit the $199 price point, albeit ones the company claims that most people don't use in this pricing bracket. The Radeon RX 6500 XT lacks AV1 decoding as well as H.264 and H.265/HEVC encoding capabilities. (There are H.264 and H.265 decode, though.) AMD also only slapped singular HDMI 2.1 and DisplayPort connections on this GPU. The combination means that the Radeon RX 6500 XT won't be a great choice for home theater PCs, and people looking to stream their gaming adventures will probably want to look elsewhere as well.
That's it for our roundup of must-know facts. For much, much more info, be sure to check out our full comprehensive Radeon RX 6500 XT review.
Poloniex celebrates its 8th anniversary in the crypto space!
Sony Challenges Game Jam Devs to Add VR Support to Their Games
Global Game Jam 2022 is about to kick off, and […]
The post Sony Challenges Game Jam Devs to Add VR Support to Their Games appeared first on PlayStation LifeStyle.
THETA Technical Analysis: Hidden RSI Divergence Hints the Formation of Double Bottom Pattern
THETA coin price action shows recovery signs at the $3.8 support with the double bottom pattern formation, is this the end of the correction phase? Theta, a blockchain-powered network, is designed specifically to stream video. Theta’s main net functions as a decentralized network in which users can share bandwidth and computing resources on a peer-to-peer basis. Theta network has its own unique crypto token THETA, which is used to perform different governance functions in the network. The network is able to count Google, Binance, Sony Europe, and Samsung as Enterprise validators. In addition to the Guardian network that includes a number of community-run guardian nodes. Let us move ahead to read about Theta technical analysis. Past Performance of THETA The 2021 Christmas recovery in THETA coin faced intense selling pressure from the $5.7 resistance. The coin price was rejected from this overhead resistance with an evening star candle and plunged back to $3.8 bottom support. This 30% discount in Theta coin could lure more investors, indicating a high possibility of bullish reversal. THETA/USD Daily Chart THETA Technical Analysis The THETA coin price has been hovering above the $3.8 support for almost two weeks, trying to obtain sufficient buying pressure. The technical chart shows several lower price rejection candles at $3.8, projecting the pressure of strong demand. The recent jump in the coin price is challenging the first defense line of 20-day EMA. However, the overall trend for this coin is bearish as the price is still trading below the (50, 100, and 200) EMA lines in the daily chart. The RSI indicator at 45% shows the slope is steadily approaching the central line, with the hope of bullish crossover. Moreover, an evident bullish divergence in the RSI chart indicates the increasing strength on buyers’ side. The MACD indicator shows bullish crossover among the MACD and signal lines after the recent spike with the coin price. Moreover, the histogram has started forming rising green bars, projecting the rising bullish momentum. Therefore, the technical indicators reflect a rise in underlying bullishness projecting a possible bullish reversal from the $3.8 support. However, the presence of several resistances along the way might delay this bullish rally. Upcoming Trend The THETA coin price shows its second swing low at the $3.8 support in the two last months. If the price manages to bounce back from this level, the technical chart will reveal the formation of a double bottom pattern. The neckline for this pattern is at the $5.7 mark, and a bullish breakout from this resistance would provide a better confirmation for a bullish rally. The THETA coin price chart suggests the next support levels at $3.8 and $3.47. And, in case of a bullish breakout, the price can find opposition at 20-day EMA and $4.6 horizontal level. At the time of writing, a rise in bearish sentiment is evident by the “SELL” signal of TradingView Technical analysis. Technical Analysis for THETAUSD
The post THETA Technical Analysis: Hidden RSI Divergence Hints the Formation of Double Bottom Pattern appeared first on Cryptoknowmics-Crypto News and Media Platform.
More Than $40,000 in Bitcoin Donations Towards Tonga, after Catastrophic Volcanic Eruption
The Bitcoin community is taking part in a noble cause of helping Tonga recover from a disastrous volcanic eruption that hit the nation on January 15, with more than $40,000 already donated. (Read More)
Windows 11 SE is Microsoft’s latest Chromebook killer
Update: On January 18, Microsoft said that it had begun to ship with Surface Laptop SE as well as a number of third-party laptops, described in a Microsoft blog post. They include the Acer TravelMate Spin B3 laptop, the ASUS BR1100F, the Dell Latitude 3120 and 3120 2-in-1 for Education, the Dynabook E10-S , and more. The original story follows.
On Tuesday, Microsoft unexpectedly announced a “simpler” version of Windows, Windows 11 SE, in its latest effort to push aside Chromebooks and make Windows the operating system of elementary- and middle-school classrooms.
For years, that operating system was Windows 10 (and now Windows 11) Home in S Mode, aka Windows 10 S or Windows 11 S, which powers the new Surface Go 3. Windows 11 SE appears to be a slightly more flexible alternative: The operating system will support third-party apps including Chrome and Zoom, Microsoft said. Windows 11 SE will also be exclusive to the education market, Microsoft said.
The new operating system has won the approval of hardware developers, too, Microsoft said. Classrooms and parents will have the option of buying Windows 11 SE PCs from Acer, Asus,
Dell, Dynabook, Fujitsu, HP, JK-IP, Lenovo, and Positivo. Even more surprising, Microsoft said it will debut its cheapest Surface yet, the $249 Surface Laptop SE. They'll be available beginning later this year, Microsoft said.
For years, the American classroom has been a battleground for the major tech players, beginning with basic Commodore computers, then moving to early Windows PCs, Apple Macintoshes, and even iPads. In 2011, however, Google moved Chrome OS off its own CR-48 pilot laptops and onto the first Chromebooks from Acer and Samsung. For the last decade, Google-powered Chromebooks have been growing in might, influence, and features, enough to make the decision between buying a laptop and a Chromebook an important choice.
It should be no surprise that Chromebooks surged during the pandemic, or that Microsoft is making a renewed push into that territory. Chromebook sales soared as kids turned to remote schooling and parents hunted down the technology that they would normally use in the classroom. According to Canalys, Chromebook sales erupted a massive 275 percent year-over-year during the first quarter of 2021, after climbing even higher during 2020. For the year, Chromebooks even outsold Macs, according to analyst firm IDC. (However, Canalys reported on November 1 that Chromebook sales fell 37 percent from a year ago, as students returned to the classroom. Mercury Research reported similar findings in the PC CPU market.)
What is Windows 11 SE?
Microsoft is only talking about Windows 11 SE in vague terms, though company representatives followed up with more specifics on how it will differ from Windows 11. According to a blog post authored by Paige Johnson, the vice president of education marketing at Microsoft, educators have told Microsoft that “they need options that are simpler, secure, and work on more affordable devices.” Johnson described Windows 11 SE PCs as “distraction-free” and easy to manage.
Microsoft
According to screenshots Microsoft pro vided, Windows 11 SE looks exactly like Windows 11. But there's a few key differences. For one, Microsoft did away with the distracting Widgets menu in Windows 11 SE, according to an email sent by a company representative. Apps will be launched in full-screen mode by default, too. Unlike Windows 11, kids using a Windows 11 SE PC will only be able to run two apps side-by-side, rather than four. Finally, the Start menu will only include four “Recommended” files to help kids find what they need, the representative said.
Johnson also said that the new PCs will be optimized for the most-used education experiences, including Microsoft 365, and that they'll be configured specifically for both online and offline experiences. Microsoft called out Word, PowerPoint, Excel, and OneNote as apps that will be included on Windows 11 SE PCs. As you might expect, a Windows 11 SE PC would allow the student to work offline. Students will be able to sync files with OneDrive locally, which will then connect and sync with the cloud when back online. Naturally, school administrators will be able to manage Windows 11 SE devices via InTune for Education, keeping them up to date behind the scenes.
For years, Windows 10 S and now Windows 11 S have forbidden users to download or sideload third-party apps like Chrome or Zoom in the interest of security. But as Zoom's usage soared during the pandemic and users switched out of Windows 10 S to accommodate it, it's likely that Microsoft simply relented.
Microsoft
Well, sort of. While Microsoft will allow apps outside of the Microsoft Store to be loaded onto Windows 11 SE devices, only the IT admins will be able to perform those tasks, a company representative said. That sounds like it will prevent kids from loading apps willy-nilly. According to Johnson, Windows 11 SE also includes “broad support for web-based learning apps,” though it's unclear whether Microsoft is simply talking about supporting something like Zoom's web app versus a true standalone, downloadable application.
Microsoft
Finally, it's unclear what will eventually happen to Windows 10 S / 11 S as a result of Microsoft's new operating system. Microsoft originally launched Windows 10 S in June 2017 as a solution “streamlined for simplicity” for schools, similar to the language Microsoft used to describe Windows 11 SE. But Windows 11 SE certainly seems like a middle ground between Windows 11 and Windows 11 S, and possibly an altogether wholesale replacement. For now, though, both will exist: “Windows 11 in S mode is still a great option for people looking for a general streamlined Windows experience, and in fact, it continues to ship in devices like Surface Go 3,” a company representative said.
Microsoft representatives also noted that Windows 10/11 S will be used to power retail devices, while Windows 11 SE will only be used in laptops for the education market. For now, the two operating systems are on two different tracks.
This story was updated at 10:59 AM to clarify that Windows 11 SE will only be used in the education market. This story was updated a second time on January 18 to note that the Surface Laptop SE and the third-party laptops are now shipping.
ENJ Technical Analysis: Descending Triangle Pattern Threatens to Extend Correction Rally
ENJ coin price action is under the influence of a bearish descending triangle pattern. Will buyers lose the $2.1 support as well? The Enjin blockchain ecosystem seeks to provide software solutions that enable anyone to build, trade, monetize and trade using blockchain. Established in 2009, Enjin is a part of the gaming industry. Its roots are in its first product, a gaming community platform dubbed the Enjin Network that grew into 20 million customers in the span of more than a decade. Enjin Coin is an electronic store of value that is used to protect the value of blockchain assets, such as Non-fungible Tokens (NFTs). Each asset created using the Enjin Platform contains ENJ, the minting resource that is kept in NFTs until taken out of circulation. Minting blockchain assets using the Enjin token offers a range of advantages for creators and users: Let us move ahead to read about Enjin’s technical analysis. Past Performance of ENJ The correction phase in ENJ is struggling to break down from the $2.1 support. However, the series of lower highs in the technical chart has revealed a descending triangle pattern. The pattern presents its neckline at the $2.1 mark, and the crypto traders should wait for the price to breach this support to get a sell signal. Furthermore, the decreasing volume activity within this pattern indicates the trapped momentum, which should outburst when the price escapes the chart pattern. ENJ/USD Daily Chart ENJ Technical Analysis The ENJ coin price has recently faced another rejection from the descending trendline. The coin is currently approaching the bottom support after completing a falling three-method candle pattern. The crypto traders should closely watch for price action at this high area of interest. As the price might retest this $2.1 for another support. Crucial EMAs (50, 100, and 200) in the daily chart maintain a bullish trend as the coin price is still trading above the 200 EMA. However, the other EMA lines could interrupt any bullish attempt. The RSI indicator (43%) moving below the neutral line indicates a bearish sentiment among the market participants. The RSI slope has dropped below the 14-day SMA line. The MACD indicator shows several crossovers among the MACD and signal line due to the consolidating price action. However, the price action is still under a bearish influence as these are roaming below the neutral line. In short, the price action resonating in the triangle pattern might have caused inactive momentum in the technical indicator. However, they still indicate an overall bearish outlook for the ENJ coin. Upcoming Trend The failure to sustain above the $2.1 support will boost the selling pressure in this coin and drop it to an even lower level, i.e., $1.75 or $1.5. Even though this pattern promotes the continuation of bear attacks. The final call depends on the price action, on which side it provides a breakout. Therefore, the crypto traders should be patient till the price doesn’t breach the bottom support($2.1). The ENJ coin price chart suggests the next support levels at $1.7 and $1.5. And, in case of a bullish reversal, the price can find resistance at $2.5 and 50-day EMA. At the time of writing, the technical analysis by TradingView shows a rise in bearish sentiments as it gives a “SELL” signal for the ENJ coin. Technical Analysis for ENJUSD
The post ENJ Technical Analysis: Descending Triangle Pattern Threatens to Extend Correction Rally appeared first on Cryptoknowmics-Crypto News and Media Platform.
OKB Technical Analysis: Reversal Brings Forth a Resistance Trendline
OKB coin price action forms a descending triangle pattern with the newly formed resistance trendline. Will the bulls manage to break above this pattern? OKB is a cryptocurrency that was created through the OK Blockchain Foundation and Maltese cryptocurrency exchange, OKEx. The exchange is among the biggest in the world and currently is third in terms of liquidity, fourth in terms of trading volume, and has a broad range in trading pairs. OKEx is very similar to the giant cryptocurrency exchange Binance in many ways, however, there are some key distinctions. The platform offers its own cloud mining services, and the company is more focused on offering options trading services to customers. Let us move ahead to read about OKB technical analysis. Past Performance of OKB The OKB coin price struggles to rise above the horizontal level at $27.5 resulting in the downfall of 4.60% in the past 24 hours. Nonetheless, the price action shows an 11% jump in the last week from the support zone at $24. However, the tweezer top formation hints at a downfall back to the support zone. OKB/USD Daily Chart OKB Technical Analysis The OKB coin price action shows the formation of a resistance trendline in the daily chart. The trendline creates the image of a descending triangle pattern with the base at $24. Crucial EMAs (50, 100, and 200) rise higher in a bullish alignment in the daily chart. However, the price breaks below the 50-day EMA and finds support at the 100-day EMA. Meanwhile, the 200-day EMA stands strong beneath the triangle pattern. The RSI indicator at 48% shows the slope moving in a zig-zag movement near the central line in the daily chart. The slope reapproaches the central line as the 14-day SMA shows a gradual reversal. The Stochastic RSI indicator reflects a high possibility of a bearish crossover between the K and D in the daily chart. Therefore, a bearish retracement within the triangle is plausible. Taking a bearish stand, the technical analysis shows a rise in selling pressure and forecasts a reversal within the triangle. Upcoming Trend The OKB coin price action plans to resonate within the triangle pattern before giving a crucial breakout and setting the upcoming trend. However, the recent bearish retracement brings a shorting opportunity with a target near $24. However, safe traders should be patient till the pattern breakout to avoid sudden reversal within the triangle. The OKB coin price chart suggests a bullish breakout of the triangle can face opposition at $28 and $31. And, if the bears control the upcoming trend, prices can find support at 200-day EMA and $20. At press time, the technical analysis by TradingView projects “NEUTRAL” sentiments for the OKB coin. Technical Analysis for OKBUSD
The post OKB Technical Analysis: Reversal Brings Forth a Resistance Trendline appeared first on Cryptoknowmics-Crypto News and Media Platform.
ATOM Technical Analysis: Wedge Fallout Struggles to Find Bearish Momentum
ATOM coin price gives a bearish fallout of the rising expanding wedge pattern. But lack of follow-through halts the downfall. Cosmos utilizes a proof-of-stake consensus algorithm. Validator nodes who stake greater amounts of ATOM tokens have a higher chance of being selected to verify transactions and receive rewards. Nodes discovered to be dishonest are penalized and may lose the tokens they have to stake. Cosmos compares its native token with ASICs which are utilized in mining Bitcoin. In a technical paper composed by members of the Tendermint team, it was stated: “It is a piece of virtualized hardware (economic capital) that you need to obtain in order to participate as a keeper in the network.” Let us move ahead to read about Cosmos technical analysis. Past Performance of ATOM The ATOM coin price struggles to rise above the high selling pressure at $45 resulting in a downfall. The price action shows a free fall of more than 10% in the past 24 hours. The free fall leads to the formation of a bearish engulfing candle in the daily chart. However, the lack of bearish commitment evident by the fall in trading volume questions the dominance of bearish powers. ATOM/USD Daily Chart ATOM Technical Analysis The ATOM coin price action shows a bearish fallout of an ascending broadening wedge pattern in the daily chart. However, the high demand zone between $32 and $35 can result in a bullish reversal, driving the price back above the support trendline. Moreover, the support at the demand zone will result in a double bottom pattern in the daily chart. Therefore, a buying opportunity can arise at the support zone. Crucial EMAs (50, 100, and 200) rise higher in a bullish alignment in the daily chart. Moreover, the 50-day EMA stands strong near the $32 support zone and is ready to provide support to the downfall. The RSI indicator at 55% shows the slope creeping lower to the central line in the daily chart after the recent bearish crossover with the 14-day SMA. However, both the lines remain in the nearly overbought zone, suggesting the bulls are still influential. The Stochastic RSI indicator shows the K and D intermingled slightly above the oversold zone in the daily chart. However, the recent bearish crossover indicates a rise in selling pressure. From a technical perspective, the indicators maintain a slightly bearish consensus for the ATOM coin. However, the price action showcases a reversal possibility near the support zone. Upcoming Trend The bearish fallout of the wedge pattern in the daily chart increases the bearish attention for ATOM coin price. However, selling at current prices has a small target between $35 and $32 due to the support zone. Therefore, the fallout of the support zone can bring high selling pressure. However, the reversal from the zone can drive the prices higher above $45. The ATOM coin price chart suggests the next support levels at the zone between $32 and $35. And, if the bulls take over trend control, prices can find resistance at $45 and $60. At the time of writing, the technical analysis by tradingview reflects a rise in bullish sentiment as it gives a “BUY” signal. Technical Analysis for ATOMUSD by TradingView
The post ATOM Technical Analysis: Wedge Fallout Struggles to Find Bearish Momentum appeared first on Cryptoknowmics-Crypto News and Media Platform.