DOT declines nearly 10%, moving away from recent 6-week high.
This move saw the cryptocurrency fall by nearly 10%, as the global market cap was mainly in the red. Cronos, however, managed to rally despite this, hitting an almost seven-week high in the process.Polkadot was one of today’s notable tokens to fall, as global crypto markets were predominantly in the red.
The move comes less than two days after the token was trading at a high around $9.23, which was the highest level for DOT since June 10.However, following this peak bearish sentiment rose, as traders moved to liquidate earlier positions, securing gains in the process. As a result of prices being overbought, bears likely saw this as an opportunity to reenter the market.While DOT declined on Tuesday, cronos was in the green during today’s session, with prices hovering near a seven-week high.
The rally came as prices of CRO broke free of a recent resistance point at $0.1415, following a run of recent gains.Overall, the token is up nearly 30% in the last week, following a streak of gains which commenced at a support point of $0.1150 on July 26.
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