• ATOM/BTC pair plunged from 0.0004254 to 0.0003397 on Friday’s trading session
• The 24-hour volume in ATOM/BTC is at $10,451,784 with a 2.14% increase.
• Cosmos coin was trading at $19.28 with a gain of 1.24%

The 4-hour technical chart of the ATOM/BTC pair projects a negative trend. According to pivot points, Cosmos coin critical support level is placed at 0.0003021 BTC. Whereas if it moves up, the key resistance level to watch is 0.0005378 BTC. While diving into the weekly chart of a 4-hour time-frame, it completes a spinning top candlestick pattern.

SMA-50, 100 & 200 acts as another strong support in the coin. SMA-50 (purple) and SMA-100 (white) intersect below SMA-200 (red), which projects a bearish trend in the asset. The price is below the SMA’s. Investors may perceive a negative crossover in the chart, the price will also follow the negative trend.

RSI indicator (BEARISH), with a value of 33, indicates a sell signal in the coin. Moreover, Investors can see an upward slope from 26 to 33 in the index, it may plunge in future trading sessions.

ATOM/BTC Pair Is Under Bear’s Grip

The ATOM/BTC pair traded at 0.00002453 with a gain of 4.03% in the last 24-hour. In contrast, the market capitalization of Cosmos stands at $4.082 billion. Technically, investors can perceive a negative crossover in SMA. Moreover, the movement of price can be towards the support of 0.0003021 BTC.

Resistance: 0.0005378 BTC

Support: 0.0003021 BTC

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Nikhil Ingole

Mr, Nikhil Ingole is a Chief Editor at The Coin Republic with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain’s future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market’s informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.