Stellar Lumens, Cosmos, Zcash Price Analysis: January 23

After Bitcoin fell past the $ 33,000 mark, altcoins such as Stellar Lumens, Cosmos, and Zcash moved into a range. Indeed, they waited for other signals from the market leader to take a stronger step on the charts.

Stellar lumens [XLM]

Source: XLM / USD, TradingView

Stellar Lumens is trading in the tight $ 0.28 and $ 0.26 channel. Indeed, trading volumes remain low over the past few days. The 20-SMA and the 50-SMA showed some points of resistance. Therefore, the candlesticks remained below the two moving averages. A bullish rally in the wider market could determine the price movement in the next few trading sessions.

Cosmos [ATOM]

Source: ATOM / USD, TradingView

At the time of writing, ATOM is trading near its support line at $ 8.12. It was not clear if the bulls could keep the price above its support level. Because moderate trading volume prevented the charts from rising. A bearish scenario could see the price drop to the $ 8.12 level and descend to $ 7.1. The indicators were largely neutral.

Zcash [ZEC]

Source: ZEC / USD, TradingView

Although Zcash appeared bullish at the time of writing, the resistance at $ 89.9 halted a further rise in the charts. A slight sideways movement can be expected in the future as buyers have remained moderate in the market. If there is a fall, the bulls could hold on to the support level of $ 81.08.

To congratulate you we are going to offer you our free method of investing in cryptocurrencies simply and automatically with the objective of generating regular income while protecting your capital as much as possible.