- Cosmos price is trying to move higher after a decline from the higher levels at the monthly time frame.
- The crypto asset is currently placed above its vital moving averages of 100 and 200-day lines while fails to hold 20 and 50-day SMA lines.
- The pair of ATOM/BTC is trading at 0.0005153 BTC with an intraday dip of -4.35%, and the ratio of ATOM/ETH is CMP at 0.0005153 BTC with a 24-hour change of +6.17%.
Cosmos price at the monthly chart is heading higher, after a sharp decline from higher levels. Meanwhile, volume activity is slightly average and needs to improve enormously for the upcoming bullish move. ATOM is presently trading above its vital moving averages of 100 and 200-day with average volume activity. The crypto asset is currently trading under the range of $28 to $45 in the past few trading sessions.
The breakout from the range will create a strong up move in upcoming sessions from $50 to $56, with supportive volume activity. Support on the lower side is $28 and $25.20, whereas resistance on the higher side is $39.80 and $44.50.
Cosmos price is trading lower at the 4-hour time frame and now trading near oversold zone levels
Cosmos price is trading lower at the 4-hour time frame and now trading near oversold zone levels. Moreover, the volume activity at the weekly chart is lower and needs a substantial increment. The technical parameters are currently placed near the oversold zone, and caution with fresh shorts is recommended. ATOM price is trading at $33.38 with an intraday gain of -6.81%, and the volume to market cap ratio is 0.1483.
Relative Strength Index (BEARISH): Cosmos price RSI is trading on a weekly chart on a bearish note. In contrast, the coin trades lower with selling pressure from the higher levels, RSI at 36.
Moving Average Convergence Divergence (BEARISH): The daily chart projects a mixed trend at the 4-hour time frame. At the same time, the seller’s line (red) overpower the buyer’s signal line (green).
Support levels: $28 and $25.20
Resistance levels: $39.80 and $44.50.