- ATOM coin price has broken down below the upside parallel channel which may lead it to a new low. In contrast it has seen a fall of 0.25% in the intraday session
- Cosmos technical indicators hints towards a downtrend for upcoming days. Meanwhile the ATOM/BTC pair is looking to breakout for a new high.
ATOM coin price is currently trading near the value of $11.5 with an intraday loss of 0.25%. Cosmos token has an ROI of more than 78% and it is up by more than 915% from the last year training price. Resistance for the ATOM while going upside can be observed near the value of $16. Meanwhile the support region for the price can be seen at $6. The price is trading below 50 and 100 Days Moving Average.The 100MA (Red) line is at $14.48, making it temporary resistance for the price. ATOM/BTC pair is looking to jump for a new high in the upcoming weeks.
ATOM has a market capitalization of $3,109,221,089 and is ranked 38th in the cryptoverse. The volume of the ATOM is currently seeing an increase from the last few days.
Volume to market capitalization ratio for the Cosmos is 0.081046. If it goes beyond 0.8 then a huge buying rush can be observed.
Bears Are Starting To Take Over The ATOM Coin Price
The weekly technical chart of the Atom price highlights a bullish momentum for upcoming weeks. With a gain of more than 19.26% in the weekly time frame the price can achieve new highs. The daily chart of the coin highlights a halt in the bullish momentum for the token. The coin is currently trading below the upside parallel channel. If it sees a downfall of more than 15% from the current level then it can reach upto $6 in a very less time. ATOM/BTC pairs can also break the previous resistance and reach the new highs.
The volume indicator for the coin is near 320K, hinting at a very low selling pressure. If the price jumps above $30 then a rush in buying volume can be seen.
RSI (Bearish) :It is currently near 46.42, showcasing its presence in the neutral zone. There is a negative slope formation in the RSI, showcasing that the price may see a downside momentum. The overall sentiment of the RSI is bearish.
ATOM coin price has seen a jump of more than 200% within a span of four months. COSMOS price can see such continuation and reach to $40.