- ATOM coin price is currently seeing a strong consolidation but can soon see a major breakout. It is trading with a loss of more than 3% in the intraday session
- Technical indicators of the COSMOS suggest a strong consolidation in price. Meanwhile, the ATOM/BTC pair has also seen a loss of more than 10% in the past 24 hours
ATOM crypto price is currently seeing a strong consolidation momentum despite the overall rise in the market. Cosmos price has lost its value around 3% in the past 24 hours and is trading near $33. Cosmos might soon surpass its all-time high of $44 in the future.
The upside momentum of ATOM might see a hostility near the value of $40. Meanwhile, the bounceback region for the asset price can be seen at around $25. The price is trading above the level of 50 and 100 Moving Average, but can soon see a breakdown below the 50 MA in the future. The 50MA line is at $32, acting as a temporary bounceback region for the price. ATOM/BTC pair can also observe a strong upside momentum in upcoming days. One can invest in ATOM as per their needs and risk adversity in the upcoming days.
ATOM market dominance is seeing a strong recovery and can soon attain the previous levels. The volume of the coin also hints at a strong upside momentum in price. The volume to market capitalization ratio for ATOM suggests a strong recovery for the future. One can forecast huge growth in Cosmos price.
Bulls And Bears Of Atom Crypto Price Are On Rest
The weekly technical chart of ATOM price suggests a consolidated momentum for upcoming days. The price has seen a loss of more than 1.25% in the weekly time frame. The daily chart of the coin suggests a consolidated momentum in price. If the coin price goes above $45 then a strong upside rally can be observed in the future. ATOM/BTC pair can also see a strong upside momentum.
Conclusion
ATOM coin price is currently seeing a strong consolidation but can soon revert to the uptrend. ATOM/BTC pair can also see a major breakout in future
Technical Levels
Major Resistance:$40
Major Support:$25