- ATOM token price has gained more than 100% in the past 28 days despite the recent 15% fall during the crash.
- The ATOM price action forms bullish engulfing candlesticks with increasing underlying bullishness.
- The pair of ATOM/BTC is trading at 0.0008438 BTC, facing an intraday gain of +19.65%.
After finding support at the $26 mark, ATOM token prices are moving higher with the formation of bullish engulfing candlesticks projecting the rise in underlying bullishness.
The ATOM price has found support from the 20-day Exponential Moving Average while others are rising in the 24-hour technical chart with a positive slope and in a bullish alignment.
The ATOM Token’s current price is $37.65, increasing +16.69% in market cap in the last 24 hours, suggesting a boom in the bullish sentiments.
The intraday trading volume of the ATOM token has risen 130% in the last 24 hours, projecting a rise in the number of ATOM token buyers as the overall trend gains bullishness.
ATOM Token Price Breaks Another Resistance
After the bullish breakout of $35, ATOM Token’s price rises higher above the resistance trendline of the rising channel in the 4-hour chart. As a result, investors with a bullish outlook for Cosmos may find this retest a low-risk entry with an affordable risk to reward ratio.
The ATOM coin price trades above all the EMAs of the 4-hour technical chart, increasing in a bullish alignment.
Price action suggests that the coin could soon face resistance at $45 and $60. However, the ATOM Token has the support of $30.
RSI indicates a rise in underlying bullishness. The RSI line rises towards the overbought area and then spikes out of neutral.
The ADX is symbolic of a growing trend since the ADX line is moving higher.
Conclusion: After retesting the bullish breakout of the resistance level, ATOM’s price may shortly observe an impressive growth. Investors with a bullish outlook for Cosmos may find this retest a low-risk entry with an affordable risk to reward ratio.
Support- $30 and $20
Resistance- $45 and $60