Stellar (XLM) and Cosmos (ATOM), two top guns, have been showing bearish movements in the past months. Currently, analysts have studied the market to see if this bearish momentum will continue in August. Below is the result. On another note, Tradecurve Markets (TCRV) has reached a new all-time high, thanks to increased adoption from investors.
>>Register For The Tradecurve Markets Presale<<
Stellar (XLM) Shows Bullish Outlook
Stellar continues to be among the crypto market’s worst performers despite its 0.67% in the past 24 hours. The price chart shows a decline of over 5.60% in the past week. Currently, the token’s price movement has prompted investors to brace for potential bearish trends.
Looking back, Stellar experienced a significant upturn last month, propelled by Ripple’s significant legal win against the SEC. This victory propelled Stellar’s value up to 50% and brought it closer to the $0.18 threshold.
Meanwhile, Stellar adopted a bearish stance last week due to a lack of a bullish narrative. However, Stellar is now showing a bullish outlook. Its RSI is currently rising and has reached 53.79, a sign of pressure from bulls.
Cosmos (ATOM) Continues to Show Bearish Movement
For a while now, Cosmos has failed to align with investors’ expectations, evident from its persistently bearish price chart. Apart from its price, its blockchain’s utilization has experienced a decline throughout the previous month. According to CoinMarketCap, Cosmos has registered a decrease of more than 4.32% in the past week alone.
Currently valued at $8.56, Cosmos has managed a marginal increase of 0.01%. However, a closer examination of its daily chart reveals a predominance of bearish indicators. For instance, the relative strength index (RSI) dropped steadily in the past week.
Cosmos has currently dropped to 37.64, signaling more bearish pressure. Additionally, ATOM trading volume has plunged 57.00% in the past 24 hours to $80,381,833. The market activity would have to increase to spark a potential price rally.
Tradecurve Markets (TCRV) Price Reaches New Peak
While Stellar and Cosmos are down, Tradecurve Markets TCRV price has surged to $0.025. Meanwhile, analysts are projecting an 80x price increase for Tradecurve Markets before the end of the presale. This gives both new and old investors time to increase their holdings and potential returns.
Moreover, the crypto market is experiencing swift expansion, with experts projecting a CAGR of 58.4% by 2027. Consequently, there will be a notable uptick in crypto trading volume.
However, prevailing trading exchanges encounter issues like restricted trading choices, exorbitant fees, lack of privacy, and diminished user profits. On a positive note, Tradecurve Markets is actively developing a solution to address these concerns.
Tradecurve Markets has caught the attention of traders as they can leverage AI trading bots to optimize their portfolios and amplify profits on the platform. Presently in Stage 5 of its presale, Tradecurve Markets is attainable at $0.025 per token.
About the Tradecurve Markets presale:
Website: https://tradecurvemarkets.com/
Buy presale: https://app.tradecurvemarkets.com/sign-up
Twitter: https://twitter.com/Tradecurveapp
