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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.

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