- Cosmos coin at the monthly chart is trying to sustain above its short-term moving averages of 20 and 50-day lines.
- The crypto asset is currently trading under the symmetrical wedge pattern, while comfortability is placed above vital moving averages 100 and 200-days.
- The pair of ATOM/BTC is trading at 0.0005862 BTC with an intraday loss of -1.96%, and the ratio of ATOM/ETH is CMP at 0.008401 ETH with a 24-hour change of -0.93%
Cosmos coin is trading under the wedge pattern over the monthly time frame, with average volume activity. The crypto asset is currently trying to sustain above its short-term moving averages of 20 and 50-day lines. Volume over the monthly chart is slightly lower and needs to improve enormously for the breakout from the wedge pattern. ATOM is trading above its major moving averages of 100 and 200-day lines, which needs hold to maintain the bullish move.
We can see the excellent upside till $42 to $45 if the token jumps and sustains above its short-term DMA’s lines. Support on the lower side is $33.50 and $29.90, whereas resistance on the higher side is $41.00 and $44.70.
Cosmos coin is trying to move higher, after a sharp selloff from the higher levels
Cosmos coin at the weekly chart is trying to move higher, after a sharp selloff from the higher levels. Meanwhile, the technical parameters are also trying to recover from the lower levels and head towards the higher side. Volume activity at the 4-hour time frame is lower and needs to improve sharply for a strong bounce back. ATOM’s price is trading at $36.24 with a minor intraday dip of -1.85%, and the volume to market cap ratio is 0.06799.
Relative Strength Index (NEUTRAL): Cosmos coin RSI is trying to rebound after a gradual decline from the overbought zone. In contrast, the coin trades near the overbought area and is trying to recover with slight buying action from lower levels, RSI at 43.
Moving Average Convergence Divergence (BEARISH): The daily chart projects a bearish trend at the 4-hour time frame. At the same time, the seller’s line (red) overpowers the buyer’s signal line (green).
Support levels: $33.50 and $29.90
Resistance levels: $41.00 and $44.70.