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All major cryptocurrencies advanced this Monday
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Cosmos, PotCoin and Theta remain in the buying zone
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Bitcoin is trading above $ 19,000 and this could be an indication that the price could advance even further
All major cryptocurrencies progressed this Monday and this situation also supports the price of Cosmos, PotCoin and Theta. Bitcoin moved above $ 19,000 again, indicating that the price could reach the $ 20,000 resistance level this December.
Cosmos (ATOM) is trading above the $ 5.5 level again
Cosmos (ATOM) is one of the cryptocurrencies you shouldn’t ignore, but there is still a level of uncertainty surrounding this project. This cryptocurrency has plummeted from $ 8.7 to $ 4 in less than three months and the current price is around $ 5.50.
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In this chart, I have 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 hand, if the price falls below the $ 5 support, it would be a decided “sell” signal, and we have the open road for $ 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 by using this coin, industry participants can realize significant cost savings.
PotCoin investors should keep in mind that it is still a very risky cryptocurrency but according to its official website, this network is protected and verified by thousands of computers.
PotCoin’s price has moved from $ 0.0035 to above $ 0.012 since the beginning of November and the current price is around $ 0.0073. If the price jumps above the $ 0.0080 resistance again, 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 buying zone and there is no sign of a 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 online video ad fraud.
This cryptocurrency went from $ 0.10 to $ 0.79 in less than six months and the current price is around $ 0.63. For now, there is no bullish reversal signal and if the price jumps above $ 0.70, it would be a signal to buy Theta (THETA).
The rise above $ 0.80 supports the continuation of the uptrend and the next price target could be around $ 0.90. Despite this, investors in Theta should keep in mind that this is still a very risky cryptocurrency and there are some obvious risks when it comes to investing in Theta currently.
Summary
All major cryptocurrencies progressed this Monday and this situation also supports the price of Cosmos, Potcoin and Theta. The cryptocurrency market has won billions of dollars within hours, but traders should keep in mind that the price could weaken again this December.
