Price Prediction for September 30: CEL, LDO, CRO, SAND, and ATOM

Virtually, all the cryptocurrencies are trading in the downtrend zones as the altcoins revisit their respective lows. The coins will resume a sideways move when the market holds above the previous lows. Let us examine each of these coins.

Celsius
Celsius (CEL) price is in a downtrend but the upward correction is facing rejection at the high of $2.86. On September 15, CEL rallied to the high of $2.86 but declined sharply below the moving average lines. The selling pressure may resume as price breaks below the moving average lines.

On the August 27 downtrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement implies that CEL will fall to level 1.618 Fibonacci extension or $0.96. From the price action, CEL has declined to the low of $1.36 at the time of writing. The market has fallen below the 20% range of the daily Stochastic. It is the weakest altcoin at the moment. It has the following features:

The current price: $1.37
Market Capitalization: $950,422,876
Trading Volume: $8,319,316
7–day Gain/Loss: 14.21%


Lido DAO
Lido DAO (LDO) price is in a downtrend as price breaks below the moving average lines. Buyers made concerted efforts to keep the price above the moving average lines but were repelled. The crypto is declining as it approaches the oversold region of the market.

On the August 20 downtrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement implies that LDO will fall to level 1.272 Fibonacci extension or $1.40. Meanwhile, LDO is at level 39 of the Relative Strength Index for period 14. It indicates that the coin is in the downtrend zone and may further decline to the oversold region of the market. It is the second-weakest altcoin at the moment and has the following characteristics:

The current price: $1.57
Market Capitalization: $1,572,290,567
Trading Volume: $23,672,365
7–day Gain/Loss: 10.38%


Cronos
Cronos’s (CRO) price is in an upward correction as it got stuck at the 50-day line SMA on a daily chart. Buyers could have sustained the bullish momentum to the $0.15 high. The repulsion has caused CRO to decline.

In the lower time frame, the crypto’s price is making a series of lower highs and lower lows. On the September 26 downtrend; CRO made an upward correction as the body of the candlestick tested the 61.8% Fibonacci retracement level. The correction suggests that CRO will fall to level 1.618 Fibonacci extension or $0.10. CRO is above the 50% range of the daily Stochastic. The crypto is in a bullish momentum but approaches the oversold region. It is the third weakest altcoin for the week and has the following characteristics:

The current price: $0.1115
Market Capitalization: $3,373,091,319
Trading Volume: $16,007,267
7–day Gain/Loss: 9.13%


The Sandbox
The Sandbox (SAND) is in a fresh decline as it turned down from the moving average lines. For the past week, the cryptocurrency has been on a downward move. Nonetheless, the current decline is to revisit the previous low at $0.73.

On the September 7 downtrend; a retraced candle body of SAND tested the 78.6% Fibonacci retracement level. The retracement indicates that SAND will fall to level 1.272 Fibonacci Extension or $0.72. The altcoin has fallen to level 41 of the Relative Strength Index for period 14. It indicates SAND is in the downtrend zone and may fall. However, SAND is the fourth weakest altcoin for the week. It has the following characteristics:

The current price: $0.8371
Market Capitalization: $2,511,549,345
Trading Volume: $116,424,676
7–day Gain/Loss: 8.66%


Cosmos
Cosmos (ATOM) price has broken below the moving average lines as it faces rejection at the recent high. The current uptrend is presumed to be terminated as the market resumes selling pressure. On the September 21 downtrend; a retraced candle body of ATOM tested the 61.8% Fibonacci retracement level.

The retracement indicates that ATOM will fall to level 1.618 Fibonacci Extension or $10.66. It has fallen below the 20% range of the daily stochastic. This implies that the market has reached the oversold region. The current decline may subside. ATOM is the fifth weakest altcoin for the week. It has the following characteristics:

The current price: $12.82
Market Capitalization: $3,667,403,229
Trading Volume: $221,816,914
7–day Gain/Loss: 7.53%