- ATOM’s worth exhibits power because it bounces from a downtrend vary worth rallied to a excessive of $14 with eyes set on $17.
- ATOM might rally extra as the worth creates extra bullish bias by breaking out of a downtrend descending triangle with eyes set on rallying larger.
- ATOM’s worth stays sturdy on the day by day timeframe above the 50 Exponential Shifting Common (EMA) as the worth goals for extra rallies.
The worth motion displayed by Cosmos (ATOM) has been large as the worth resisted the bears rallying from a area of $12.7 to a excessive of $14, reclaiming a significant help space it has constructed up to now few weeks. The crypto market is wanting more and more welcoming as many altcoins proceed producing over 50% beneficial properties. The likes of DOGE have seen some nice runs just lately, rallying from a low of $0.055 to a excessive of $0.15, with many others as Cosmos (ATOM) continues to guide the cost for extra worth recoveries. (Knowledge from Binance)
Cosmos (ATOM) Worth Evaluation On The Weekly Chart
Cosmos (ATOM) has struggled to regain its bullish momentum in latest instances; regardless of the uncertainty that has befallen the crypto area, the worth of ATOM has loved a measure of aid after exhibiting a lot power on the weekly low, rallying from a low of $12.7 to a excessive of $14 and recapturing this area because it types key help for extra potential to rise larger.
The previous weeks have been nothing wanting a boring and tough second for the crypto market as this affected the worth of most altcoins negatively, forcing them to lose their help zone, with others battling it to remain afloat of their worth.
After its weekly shut of above $13.5, ATOM’s worth seemed stronger as the worth of ATOM equipped for extra upside worth strikes.; the worth has confronted a minor rejection to interrupt larger to a area of $17.
Weekly resistance for the worth of ATOM – $17.
Weekly help for the worth of ATOM – $13.5.
Worth Evaluation Of ATOM On The Each day (1D) Chart
Within the day by day timeframe, the worth of ATOM continued to look sturdy as the worth broke out of its descending triangle, with good quantity rallying to a excessive of $14 and forming good help round $13.5 beneath its present worth of $14.1. Nonetheless, the worth of ATOM faces just a little rejection; the worth of ATOM wants to interrupt and maintain above $14.5 for the worth to develop into extra bullish as soon as extra.
The worth of ATOM faces a resistance to interrupt and maintain above 200 EMA, which corresponds to $14.5. A break and shut above this area might ship the worth of ATOM to a area of $17 and probably a retest of $20 area appearing as a provide zone.
Each day resistance for the ATOM worth – $14.5.
Each day help for the ATOM worth – $13.5.
Featured Picture From Blockchain Information, Charts From Tradingview