- The ATOM coin price is in a downtrend, around -1.7%, during the intraday trading session.
- The 24-hour trading volume is at $2,342 billion.
- ATOM/BTC pair is trading positive by 4.2% at 0.00095068 BTC.
Daily technical chart and price trend of ATOM coin are showing a bearish trend. Based on the pivot level, the first support zone is 25 USDT. From another perspective, if it rushes, the resistance level to watch is 50 USDT. Thus, the graph made a bearish harami candle pattern during the day, and the cost is relied upon to remain downside with unwavering medium force.
The Moving Average Exponential (EMA) Ribbon, comprising of different Ema’s, goes about as solid support in the coin price move. Investors might notice the cost moves above the green ribbon, so it will guarantee an upswing in Cosmos until it’s above the ribbon.
Trading volume (2.445 M) is underneath the 20-day moving average (10.87 M). To put it plainly, the volume is low, making the cost struggle at the pivot levels. Investors can likewise check that the volume bars on the graph are slanting, which demonstrates that exceptional instability is normal in the following trading days.
The MACD indicator gives (bullish) cross over the signal line on Sep 23, demonstrating a buy signal in the coin. Additionally, Investors can see tiny green bars on the Histogram index.
ATOM Coin Price Trend Looks Bearish For Short Term
The price of Cosmos is $40.39 today and the 24-hour trading volume is $2,342,660,421. ATOM prices have fallen -1.7% in the last 24 hours. It has a circulation of 280 million ATOM coins and a total of infinite. The MACD points to a buying indication, and the traders have prompted low volume. In fact, the cost struggles at the pivot level. In like manner, with the general market perspective, the pattern stays bullish for coming trading days.
Resistance Level: $50
Support Level: $25