- ATOM price made an all-time high of $14 on today’s trading session before coming back to $11.88
- The Integration of Cosmos to China’s only blockchain network has made the price gain above 57% in two days
- Atom/BTC pair struggles to make any significant move and is currently trading at the value of 0.000304BTC with no gain on the weekly chart
Atom price is currently trading at the value of $11.88 with a gain of 26.69% in a 24 Hour time frame. Cosmos broke the resistance level of $10 in the last trading session before making an all-time high. The recent news about the Integration of China’s only Blockchain service with the Cosmos has made it gain an unprecedented amount of return in a couple of days. The Volume of Atom went up by 244.08%, and the market capitalization went up by 23.94%. It can continue the upwards trend for upcoming days.
Cosmos(ATOM) Technical Analysis
The daily chart of COSMOS highlights “Bulls on the run” in the current market scenario. After making an all-time high of $14, It projected a negative retracement.ATOM/BTC pair has not shown any significant move in the last couple of weeks and is expected to remain the same. Cosmos is trading above 50 and 200 Exponential Moving Average. The 50 EMA blue line trades at the $7.65 and makes it temporary support.ATOM price has given a long-awaited positive breakout and can take the support at $10.
MACD(Bullish ): The levels had a positive crossover signal in the past trading session. The MACD indicator reflects bullish momentum in the coin. Bars of histograms are also indicating bullish momentum but with weak momentum.
RSI (Bearish ): It is trading with a value of 54.16, indicating that the coin is in a bearish momentum and heading towards an oversold zone. A negative slope is observed in the RSI showcasing Dash coin may see a downtrend in upcoming days.
CONCLUSION
Cosmos price has seen a very high jump in price in recent trading sessions due to the Integration with China blockchain service. Meanwhile, the ATOM/BTC pair has seen no move. Investors should be careful before investing at an all-time high.
Technical Analysis
Major Resistance:$14.09
Major Support:$10