- ATOM coin price is currently in a consolidated momentum and can hit the new high in future. It might reach beyond $20 in the future.
- Technical indicators suggests a bullish momentum for Cosmos price for upcoming days. Meanwhile the ATOM/BTC pair is also seeing a loss of 2.47% in the intraday session .
ATOM token price is currently observing a consolidated momentum and can see the new highs in the future. It is currently trading near the value of $11 and has seen a loss of 1.12% in the past 24 hours. Cosmos token has an ROI of more than 78% and has seen a gain of 900% in the last six months. The bullish momentum of the ATOM while going upside can see a halt near the value of $18. Meanwhile the support for the asset price can see a halt near the value of $8. The price is trading below the level of 50 and 100 Moving Average, with a negative crossover in the past.The 50MA line is at $12, making it a temporary hostile region for the price. ATOM/BTC pair is in a downtrend and can soon revert to the uptrend. One can invest in ATOM as per the risk adversity and price action.
ATOM coin is currently ranked 39th in the CMC and has a market dominance of more than 0.17%. It is currently down by more than 65% from it’s all time high. Volume to market capitalization ratio for the ATOM is currently near 0.07, suggesting a consolidated momentum in price . If it goes beyond 0.8 then a huge buying rush can be observed.
Technical Indicators Of ATOM Token Suggests A Consolidated Momentum
ATOM token price weekly technical chart suggests a consolidated momentum for the future. The price has seen a gain of more than 18% in the weekly time frame . The daily chart of the coin price suggests a consolidated momentum for upcoming days. It has formed a supply zone on the daily time frame. If it jumps 15 to 20 % above the current level then a strong uptrend in price can be seen. ATOM/BTC pairs can also achieve new highs in the future..
Conclusion
ATOM token price is currently in a slump but can soon see a recovery to $20. ATOM/BTC pair can also observe the same gains in the future.
Technical Levels
Major Resistance:$18
Major Support:$8