When will Star Atlas (ATLAS) crypto end its bearish rally?

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When will Star Atlas (ATLAS) crypto end its bearish rally?

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 When will Star Atlas (ATLAS) crypto end its bearish rally?
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Star Atlas crypto (ATLAS) is the astral-themed metaverse protocol that is built on top of the Solana blockchain. The metaverse protocol is futuristic science fiction, which is set in 2620.

The ATLAS crypto is one of the most prominent names of the metaverse family. Since March, it has been on a downward slide. ATLAS crypto over the past month or so was down by 36.5% according to CoinGecko. The 668-ranked crypto was down by 8.18% at 12:20 PM (GMT +1) on 13 June, according to CoinMarketCap. 

Related Read: Why is Benqi (QI) crypto grabbing eyeballs today?

The ATLAS crypto has been feeling the heat during the crypto market crash last month. On 13 June, the crypto market plunged by over 11% reducing the global market cap to US$983.27 billion, which is its lowest since February 2021. The downslide affected most cryptos with the market leaders Bitcoin trading at US$24,145, and Ethereum trading at US$1245.71.

A closer look

Star Atlas crypto chart indicates the misery of the metaverse token. The RSI of the Star Atlas crypto stood at 23.49 during the intraday trading session. The chart does reflect the intense sell-off pressure created in the market resulting in investors making the most from the bearish market.

Image Credit: Trading View

The signal line seems to have closed the gap on the MACD line, with a slight downward slide indicating the bearishness of the market.

What makes ATLAS crypto unique is the fact that no blockchain-based game has so many options as that of Star Atlas. ATLAS crypto offer the users the opportunity to earn via staking, battle with other users for assets and form alliances while playing the game.

Related read: Why is Flamingo (FLM) crypto trending? 

How is Star Atlas token faring?

STAR Atlas token was trading at US$0.006171 with a trading volume of US$25,36,236 over a day. Star Atlas crypto was down by 7.77% and volume-wise, it was down by 24.26% according to CoinMarketCap. Star Atlas was enjoying a live market cap of US $1,33,29,789 with 2,16,00,00,000 ATLAS coins in circulation.

The bearishness in the market has had many cryptos in its grips. How soon can the crypto market recover remains to be seen, but the investors should rely on their market research or perhaps take professional help before taking any investment decisions.

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