- 1 The ATOM crypto asset is displaying bullish force and upward possibility as its price is nearing and attempting to cross major 20, and 50-day EMAs from below.
- 2 MACD crossed the signal line from below and has formed a bullish crossover with a growing gap.
The Cosmos crypto is preparing for a big surge, as it is building up buyers’ strength to overcome the obstacles and reach new levels.
The ATOM crypto is trading at $9.376, with a slight drop of 0.37% in the last 24 hours. The overall trend is bullish from the last three months and the fall looks like a correction.
The Cosmos crypto rebounded from a key level by holding above $8.696 on the chart.
Cosmos Crypto Price Chart Analysis
Source: ATOM/USD: COINBASE.1.D. by TradingView
Furthermore, the ATOM crypto asset is displaying bullish force and great potential as its price is attempting to cross the 20, and 50-Day EMAs from below after finding support at $8.696.
The technical tools for the Cosmos crypto asset are displaying bullish force as RSI is at 43.47 which is above 14-SMA which is at 43.23. This means that the ATOM crypto asset is heading to a positive zone and can go further up. The space will expand as the space will be large after crossing the 50 level on the RSI indicator.
MACD crossed the signal line from below and has formed a bullish crossover with a growing gap. Meanwhile, the histogram is at 0.013 which is the gap between both MACD and signal lines, which are at -0.238 and -0.251 respectively.
Source: ATOM/USD: COINBASE.1.D. by TradingView
The Cosmos crypto asset price action is showing bullish features and is expected to rise further. Its price structure has performed well in the last week, and three months by 1.93% and 18.92%, respectively.
If the demand increases with great power, the Cosmos crypto price could bounce back and test the supply region again. In the probable bullish rally scenario, the next aim for the price is $11.011.
But if the ATOM crypto price fails to hold above the $8.696 level, it could plummet sharply.
Summary
The Cosmos crypto’s price structure for last week and three months is reassuring. The Cosmos crypto asset price action is showing bullish features and is expected to rise further.
Furthermore, the ATOM crypto asset is displaying bullish force and great potential as its price is nearing and attempting to cross the 20, and 50-Day EMAs from below after finding support at $8.696.
Therefore, if the demand increases with great power, the Cosmos crypto price could bounce back and retest the supply region at $11.011.
Technical Levels
Support Levels: $8.696
Resistance Levels: $11.011
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Anurag S
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
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