The Market Periodical
  • Home
  • Markets
  • Opinion
  • Cryptocurrency
  • Blog
Contact Us
  • Login
The Market Periodical
  • Home
  • Markets
  • Opinion
  • Cryptocurrency
  • Blog
Contact Us
The Market Periodical
Home Cryptocurrency

ATOM Price Analysis: Bulls on the way to find a chink in Cosmos bears’ armory

Nancy J. Allen by Nancy J. Allen
November 24, 2022
in Cryptocurrency, Market, News
0
ATOM Price Analysis
192
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

•ATOM/USD is currently priced at $9.98 and has increased by 1.64% over the past day 

•The trading volumes have decreased by 22.54% over the past day 

Related articles

TON Price Analysis

TON Coin Price Analysis: Coin Price To Make Big Move

March 24, 2023
FET

FET Coin Price Analysis: Coin Price Changes to $0.5 Level

March 23, 2023

•The technical indicators suggest a positive outlook for the near term 

Short Term View: Cosmos bulls aim to trample down on bears

Source: ATOM/USD by TradingView

The Cosmos price today is $9.98 USD with a 24-hour trading volume of $124,245,662 USD. Cosmos is up 1.64% in the last 24 hours. The trading volumes have decreased over the past day whereas the Volume to Market Cap Ratio stands at 0.04348 for the altcoin.

Cosmos bulls have laid bare the bears’ deficiencies as they have kept up the pressure on them. This has resulted in a shift in sentiment regarding the altcoin, an event that has led to Cosmos price to transact above the 20,50 SMA on the four hour chart. In the event of the bulls continuing in the same rich vein of form, they will encounter resistance at $10.20 in the near term. On the flip side, a comeback by the bears could push the Cosmos Price below the $9.50 support level. 

Long Term View for Cosmos Price 

Source: ATOM/USD by TradingView

The RSI for Cosmos is currently transacting at 42.26 after having moved above the 14-day average line. The histograms have been flashing red on the daily chart for the past several weeks but today’s price action represents the slight possibility that the bulls might be able to stage a coup, with the decreasing size of the red histograms validating as such. The move of the MACD and signal lines into the positive territory will add credence to the bullish argument. 

Conclusion 

Cosmos is currently placed in a precarious position as the momentum could tilt either way. The occurrence of the blish crossover could act as a catalyst for the Cosmos Price to surge ahead in the coming days. 

Support: $9.80-$9.50

Resistance: $10-$10.20

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss. 

Tags: Cryptocurrency
Share77Tweet48
Nancy J. Allen

Nancy J. Allen

Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.

Related Posts

TON Price Analysis

TON Coin Price Analysis: Coin Price To Make Big Move

by Ritika Sharma
March 24, 2023
0

TON coin price has been on an uptrend for the past couple of days; the coin price has reached the...

FET

FET Coin Price Analysis: Coin Price Changes to $0.5 Level

by Antonio K Smith
March 23, 2023
0

FET coin price is transacting at the long term supply zone after showing one side bullish rally.FET coin price is...

GPT

GPT Token Price Analysis: Token Shows One-Sided Move, What’s Next?

by Nancy J. Allen
March 23, 2023
0

GPT token price is bullish despite a temporary setback in the cryptocurrency market.The GPT token price is resting above the...

DOT Price Analysis

DOT Coin Price Analysis: Coin Price Retraces At the 0.5 FIB Level

by Antonio K Smith
March 22, 2023
0

DOT coin price has been falling from the past couple of trading days as it goes below the previous low.DOT...

APE Price Analysis

APE Coin Price Analysis: APE Coin Rests at $4.200 Level

by Antonio K Smith
March 22, 2023
0

APE coin price trades at the demand zone after facing bearish pressure from the falling trendline.APE coin price is forming...

Load More
  • Trending
  • Comments
  • Latest

Kadena price analysis: KDA coin is following the upwards trendline after forming the bullish pattern

February 9, 2022
AMP Price Analysis: AMP Coin Trading in Horizontal Range-Bound consolidates, Will it be able to retain up to $0.088?

Will Amp Token’s Escalating Demand Drive Its Price To $1?

February 21, 2022
cryptocurrency

AQUA Airdrop is set to Roll out!

January 7, 2022
MIOTA Price Analysis: IOTA Token Price Struggles To Sustains Higher Than $1 Mark

Firefly Wallet Powered by IOTA, Starts Staking on Shimmer and Assembly Tokens

December 23, 2021
TON Price Analysis

TON Coin Price Analysis: Coin Price To Make Big Move

0
Bitfinex

Bitfinex Lets Users Earn on their Bitcoin with Celsius

0
Binance Burned the Highest Number of BNB Tokens Till Day Worth $68 Million

Binance Burned the Highest Number of BNB Tokens Till Day Worth $68 Million

0
Cryptocurrency

U.S. Congress Members Have Introduced 40 Bills on the Subject of Cryptocurrencies

0
TON Price Analysis

TON Coin Price Analysis: Coin Price To Make Big Move

March 24, 2023
FET

FET Coin Price Analysis: Coin Price Changes to $0.5 Level

March 23, 2023
GPT

GPT Token Price Analysis: Token Shows One-Sided Move, What’s Next?

March 23, 2023
DOT Price Analysis

DOT Coin Price Analysis: Coin Price Retraces At the 0.5 FIB Level

March 22, 2023
  • Home
  • Contact Us
  • SUBMIT PR

© 2022 The Market Periodical

 
No Result
View All Result
  • Home
  • Markets
  • Opinion
  • Cryptocurrency
  • Blog
  • Contact Us

© 2018 JNews by Jegtheme.

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password?

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?