- ATOM crypto price is seeing a consolidated momentum and can soon see revert back to the new high. It can observe a new high of $50 in the future
- Technical indicators of the COSMOS suggests a bullish momentum for the price in upcoming days. Meanwhile the ATOM/BTC pair may hit a new high in the future
ATOM crypto price is currently in a correction mode but can soon revert to the uptrend. Cosmos price has currently seen a gain of more than 0.9% in the intraday session and is trading near the value of $24. Cosmos token has an ROI of more than 78% which has differentiated it from various projects in the market. ATOM coin price bullish momentum may see a halt near the value of $40. Meanwhile the bounceback region for the coin price can be seen near $10. The price is trading above the level of 50 and 100 Moving Average, with a positive crossover in the past.The 100MA line is at $15, making it a temporary support region for the coin. ATOM/BTC pair is also in a bullish mode and can soon see a major breakout. One can invest in ATOM as per the risk adversity and the positive signal.
ATOM token market dominance has jumped from 0.23% to 0.39% along with its CMC ranking. It is currently retracing its path to breakout above the all time high. Volume to market capitalization ratio for the ATOM price is near 0.11 suggesting an upside momentum in price . If it goes beyond 0.8 then a strong bullish momentum can be seen
ATOM Crypto Price Technical Indicators Hints Towards A Strong Upside Momentum In Price
ATOM token price weekly technical chart hints towards a weak bullish momentum for the future. The price has observed a gain of more than 13% in the weekly chart. The daily chart of the coin price suggests a correction in price for the future.. If the asset price goes 15 to 20% above the current level then a strong upside momentum can be seen. ATOM/BTC pairs can also see a new high being formed in the future
Conclusion
ATOM coin price is currently seeing a correction but it can soon revert to the uptrend. ATOM/BTC pair can also see new highs being formed in the future
Technical Levels
Major Resistance:$40
Major Support:$10