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- ATOM price has given a breakout from the demand zone and is now heading to a new high. In contrast, it has seen a gain of 14.87% in the intraday session.
- Technical indicators of Cosmos suggest a bullish move. Meanwhile, the ATOM/BTC pair is showcasing a positive move with a gain of 9.92%.
ATOM price is currently on a bullish move with a gain of 16.12% in the intraday session. Cosmos price can see hostility while going up at $30. The bounceback for the coin can be seen from $20. The price is above 50 and 100 Days Moving Average. The 50MA (Red) line is at $21.48, making it temporary support for the price. ATOM/BTC pair has also been in a bullish move with a gain of 11.20%
ATOM is currently ranked 33, with a market capitalization of $5,309,021,089. The volume to market capitalization ratio for the coin is 0.2046. If it goes above 0.8, then a huge buying rush can be seen.
Technical Indicators Suggest A Bullish Move For ATOM Price
ATOM price weekly technical chart highlights a bullish momentum in the coin. With a gain of 6.26% in the weekly time frame, the price can reach more heights. The daily chart of the coin highlights a weak bullish momentum for the coin. The currency has given a breakout from the demand zone in the daily chart. If the price continues this bullish momentum, it can reach up to $40 within a month or two. ATOM/BTC pairs can also see a gain of 50% within a month.
The volume indicator for the coin is at 254k, highlighting a very low buying pressure. If the price climbs above $30, then a buying rush can be observed.
RSI (Bullish) It is currently at 60.42, highlighting its presence in the neutral zone. There is positive slope formation in the RSI, showcasing that the price may see a bullish momentum. The overall sentiment of the RSI is bullish.
Conclusion
Cosmos price has seen a gain of more than 200% within less than 3 months. ATOM price can see such continuation and can soon reach $40. An Investor should do their due diligence before investing
Technical Levels
Major Resistance:$30
Major Support:$20
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
