Cosmos, PotCoin, Theta price analysis roundup
- All major cryptocurrencies have advanced this Monday
- Cosmos, PotCoin and Theta remain in the buy zone
- Bitcoin is trading above $19000 and this could be the indication that the price could advance even more
All major cryptocurrencies have advanced this Monday, and this situation also supports the price of Cosmos, PotCoin, and Theta. Bitcoin has moved again above $19000, indicating that the price could reach the $20000 resistance level this December.
Cosmos (ATOM) is trading again above the $5.5 level
Cosmos (ATOM) is one of the cryptocurrencies you should not ignore, but there is still a level of uncertainty surrounding this project. This crypto has collapsed from $8.7 below $4 in less than three months, and the current price stands around $5.50.
Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.
On this chart, I marked significant resistance and support levels. The critical support levels are $5 and $4, $6 and $7 represent the resistance levels.
If the price jumps above the $6 resistance, it would be a signal to buy Cosmos (ATOM), and the next target could be around $7. On the other side, if the price falls below $5 support, it would be a firm “sell” signal, and we have the open way to $4.
PotCoin (POT) remains in a bull market
PotCoin is a digital cryptocurrency solution for the global cannabis industry with a decentralized infrastructure and payment solution. Anyone can join the PotCoin network, and using this coin, industry participants can realize significant cost savings.
Investors in PotCoin should have in mind that this is a still very risky cryptocurrency but according to its official website, this network is secured and verified by thousands of computers.
PotCoin price has advanced from $0.0035 above $0.012 since the beginning of November, and the current price stands around $0.0073. If the price jumps again above the $0.0080 resistance, it would be a signal to buy PotCoin (POT), but if the price falls below $0.0060, it would be a firm “sell” signal.
Theta (THETA) remains in a buy zone and there is no signal of the trend reversal
Launched in March 2019, Theta is a decentralized peer-to-peer network that could improve the video streaming industry. Theta has its own cryptocurrency THETA, and the project has partnered with Chainlink to fight against online video ad fraud.
This cryptocurrency has advanced from $0.10 above $0.79 in less than six months, and the current price stands around $0.63. For now, there is no signal of the bullish trend reversal, and if the price jumps above $0.70, it would be a signal to buy Theta (THETA).
Rising above $0.80 supports the continuation of the bullish trend, and the next price target could be located around $0.90. Despite this, investors in Theta should have in mind that this is still a very risky cryptocurrency, and there are some obvious risks when it comes to investing in Theta currently.
All major cryptocurrencies have advanced this Monday, and this situation also supports the price of Cosmos, Potcoin, and Theta. The cryptocurrency market has won billions of dollars in only several hours, but traders should have in mind that the price could weaken this December again.