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- 1 ATOM crypto smashed below the 50 day EMA and is hovering around the 100 day EMA mark.
- 2 Technical indicators are suggesting a further down move ahead.
The ATOM crypto showcased a bounce of over 1.25% intraday on Sunday and stayed close to the 100 day EMA mark. The bulls are struggling to hold the gains and have remained on the backfoot. The mighty bear army persisted in pushing the coin and showcased their dominance. Furthermore, the trend is neutral and the technicals reflect a negative sign, signaling a drop ahead.
At press time, the Cosmos coin (ATOM) price was trading at $11.15 with an intraday gain of 1.25%, reflecting neutrality on the charts. It has a monthly return ratio of -19.20% and -1.90% on a yearly basis. The pair of ATOM/BTC is at 0.000161 BTC, and the market cap is $3.67 Billion. Analysts are neutral and suggest that the Cosmos coin price may resume to deliver the bearishness waves and will retest the 200 day EMA mark soon.
ATOM Crypto Price To Volume Profile On Daily Charts
The ATOM price to volume profile showcased a bearish stance and the sellers looked aggressive and are trying to breach the $10 mark to initiate a major correction ahead. The trend is neutral and the short buildup activity was noted, which created a panic among investors for the past sessions. The intraday trading volume dropped over 15% to $99.88 Million.
Price Volatility & Weighted Sentiment Data Outlook
Amidst the price decline, the price volatility data keeps on decline and the value dropped to 0.057 mark, signifying minimal fluctuations. However, the weighted sentiment data decisively sustained in the positive region, noted at around 0.701.
Social Dominance & Social Volume AI Insights
The Social Dominance data signifies minimal fluctuations and stayed below the midline, noted around 0.302%. However, the social volume AI stayed near the 4 mark, signifying neutrality.
Open Interest Data Deliver Short Buildup Activity
The data indicates that the development data activity remained neutral and is close to the midline near 290, signifying average movements. The derivative data shows short buildup activity and shows a rise of over 2.56% to $114.90 Million.
Per the Fib levels, the Atom coin price has breached the 38.2% zone and is entered into the bearish territory. The RSI curve stayed below the midline and a negative divergence was noted.
The total supply of the ATOM coin is 329.10 million, whereas the volume-to-market cap ratio is 0.0272, and it stands at 30 per the market cap in the global crypto market.
Summary
The ATOM coin signifies a follow-on decline and slipped to the 100 day EMA mark, showing signs of bearishness. However, the trend is neutral and the coin may continue to erode gains and may retest the 200 day EMA mark soon.
Technical Levels
Support Levels: $10 and $8
Resistance Levels: $12 and $15
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
