ATOM Crashes Below $12 Level

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The Cosmos worth prediction exhibits that ATOM failed to commerce above the 9-day and 21-day shifting averages because the coin heads to the draw back.

Cosmos Prediction Statistics Data:

  • Cosmos worth now – $9.5
  • Cosmos market cap – $2.7 billion
  • Cosmos circulating provide – 286.3 million
  • Cosmos Coinmarketcap rating – #22


Key Levels:

Resistance ranges: $16.0, $18.0, $20.0

Support ranges: $5.0, $3.0, $1.0

ATOM/USD falls under the 9-day and 21-day shifting averages after touching the every day excessive of $12.31, which is now topic to worth actions close to the resistance stage of $15. Meanwhile, because the bears step again into the market, the Cosmos worth is seemingly to lose momentum to the decrease facet of the rising wedge.

Cosmos Price Prediction: ATOM/USD Not Yet Ready for the Upside

The Cosmos worth might proceed to face the south because the coin strikes to cross under the decrease boundary of the channel. Meanwhile, a bullish cross in direction of the upside is wanted to right the speedy bearish strain and push the coin again on the restoration development. If this works out, the upside may acquire traction with the following give attention to $16.0, $18.0, and $20.0 resistance ranges.

On the draw back, as soon as the coin crosses into the adverse facet, it is seemingly for the help of $9.5 to be damaged. Once this is performed, the sell-off might acquire traction with the following focus on the vital help ranges at $5.0, $3.0, and $1.0 respectively. Consequently, the promoting strain might improve because the technical indicator Relative Strength Index (14) strikes to cross into the oversold area.

ATOM/BTC Market: Cosmos Price Keeps Ranging

Against Bitcoin, the Cosmos worth is shifting in sideways as revealed by the every day chart. Meanwhile, any additional low swing may carry the coin under the decrease boundary of the channel to the help stage of 4000 SAT and under. At the second, the bears are seemingly to come into focus because the Relative Strength Index (14) might cross under the 40-level.

ATOMBTC – Daily Chart

On the opposite, a rebound might happen if the patrons may defend the present stage at 6052 SAT and push it above the 9-day and 21-day shifting averages, this might hit the potential resistance stage of 8500 SAT and above.

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