- ATOM coin price is currently observing a weak downside momentum and can soon see a new high in the future.It is trading with a loss of more than 3% in the past 24 hours
- Technical indicators of the COSMOS hints towards a bearish trend in price. Meanwhile, the ATOM/BTC pair is also seeing a gain of more than 4% in the intraday session
ATOM coin price is currently seeing a downside correction after seeing a gain of more than 27% in the previous. Cosmos price is currently trading near the value of $37 and has seen a loss of more than 3% in the past 24 hours. Cosmos coin can soon see a jump for a new high in the future.
The upside trend of Cosmos might face a hostility near the value of $44. Meanwhile, the bounceback region for the asset price can be seen at around $30. The price is trading above the level of 50 and 100 Moving Average, but can soon observe a breakout below the 100MA. The 50MA line is at $35, acting as a support region for the price. ATOM/BTC pair can also see a strong upside trend in the future. One can invest in ATOM as per their needs and risk adversity.
ATOM’s market dominance along with the market cap can see strong momentum in the future. The volume of the coin also suggests a strong upside momentum. The volume to market capitalization ratio for ATOM hints towards a strong upside trend. One can forecast a strong bullish trend in price
Bears Of Atom Coin Price Might Push It To Lower Levels
The weekly technical chart of ATOM coin price might push the price to a new high soon. The price of the coin has seen a loss of 1.2% 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 bullish rally can be seen. ATOM/BTC pair can also observe a new high in the future
Conclusion
ATOM coin price is currently seeing a strong consolidation but can soon revert to the uptrend. ATOM/BTC pair can also observe a major breakout in the future
Technical Levels
Major Resistance:$44
Major Support:$25