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Cosmos Price Analysis: ATOM Coin Holds EMA-Ribbon Solidly

  • The ATOM coin price is neutral, around 0.5% during intraday.
  • The 24-hour trading volume is at $622 million.
  • ATOM/BTC pair is trading negative by 3.6% at 0.00057177  BTC.

ATOM coin daily technical chart and price trend show an uptrend. Based on the pivot point, the support zone is 15 USDT. Another way to look at it is that if you rush, the resistance level to watch is 50 USDT. Therefore, the chart created a Doji candlestick pattern during the day, and the cost is confident that it will remain sideways with unwavering medium strength over a short period of time.

The Exponential Moving Average (EMA) band, consisting of several EMAs, strongly supports currency price fluctuations. Investors may find that cost sustains around the green band. This guarantees a rise in ATOM until it is above the ribbon.

Trading volume (870.167 K) is below the 20-day moving average (3.885 M). The volume is low, so the cost struggles above the pivot point. Investors may also notice that the volume bar on the chart becomes low. This indicates that unusual volatility is common on the following trading days.

The CCI indicator gave a signal (bullish) with -76, projecting a purchase signal in the currency. Investors can observe an inclined slope from -150. It can arise in future trading sessions.

Long-Term Perspective of ATOM Coin Price Trend

The weekly technical chart and price trend of ATOM coin show a bullish trend. Based on the pivot levels, the support zone is $10 USDT. On the upside, if it breaks, the level of resistance to search is $80. In addition, the chart shows the Heikin Ashi candles, which have tremendous upside potential in asset price movements.

Cosmos value today is $34.00 with a 24-hour exchanging volume of $622,792,217. ATOM cost is down – 0.5% as of now. It has a coursing supply of 280 Million ATOM coins and an all out supply of infinite. The CCI points to a buying signal, and the traders have prompted low volume. In fact, the cost moves above the pivot levels. Likewise, the general market outlook is that this pattern will continue to rise over the next few trading days.

Resistance Level: $50 & $80

Support Level: $10 & $15

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.