Cosmos ATOM Breaks Above Key Resistance

Name	Symbol	Market	Market Cap ($)	Algorithm
Cosmos Atom	ATOMUSD	Crypto	3,373,374,328	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Cosmos Atom

ATOMUSD

Crypto

3,373,374,328

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.160	-1.79%	8.76	8.77	8.77

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.160

-1.79%

8.76

8.77

High Price	Low Price	Open Price	Prev. Close	52 Week Range
9.21	8.68	8.91	8.92	6.16 - 14.51

High Price

Low Price

Open Price

Prev. Close

52 Week Range

9.21

8.68

8.91

8.92

6.16 - 14.51

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	18:59:02	2.71	8.76	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

18:59:02

2.71

8.76

USD

Price x Volume	Volume	Base Symbol	Related Pairs
2,667,206.01	300,259.58	ATOM	ATOMEUR	ATOMGBP	ATOMBTC

Price x Volume

Volume

Base Symbol

Related Pairs

2,667,206.01

300,259.58

Cosmos ATOM Breaks Above Key Resistance – Eyes $16

24/08/2022 9:16pm

NEWSBTC

Cosmos (ATOM) ranged in a wedge against Tether (USDT) as it builds more strength to break above the $12 key resistance. The price of Cosmos ATOM has shown bullish strength as the price breaks above resistance after ranging for days. (Data from Binance) Related Reading: Crypto Market Rally Stopped Short Ahead Of Reaching Full-Blown Greed Cosmos ATOM Price Analysis On The Weekly Chart From the chart, the price of ATOM saw a weekly low of $6.2, which bounced from that area and rallied to a price of $12, marking ten weeks of bullish strength from ATOM. ATOM weekly candle closed with a bullish sentiment, with the new week’s candle looking bullish for price recovery. The price has continued to gain traction; despite Bitcoin’s (BTC) retracement, ATOM has shown great strength in breaking out of the price range. If the price of ATOM on the weekly chart maintains this structure, it could quickly trend higher to a region of $16, acting as the weekly resistance for the price. To avoid falling below, the price of ATOM needs to hold this support zone at $12.5. Weekly resistance for the price of ATOM – $16. Weekly support for the price of ATOM – $12.5. Price Analysis Of ATOM On The Daily (1D) Chart With more buy orders, the price of ATOM would continue to trend to the upside after forming support above the wedge; ATOM holding its price above this support will help the price to trend higher. To confirm the bullish sentiment of ATOM, the price broke out with good buy volume after the accumulation phase for over some time now. The price of ATOM has shown a bullish structure after breaking out from the wedge; if bulls step in, the price of ATOM could trend higher to a region of $16, acting as key resistance on the daily timeframe. ATOM is currently trading at $13, just above the 50 Exponential Moving Average (EMA), which corresponds to a price of $11. On the daily chart, the Relative Strength Index (RSI) for the price of ATOM is above 65, indicating more buy orders. Daily (1D) resistance for ATOM price – $16. Daily (1D) support for ATOM price – $12. Price Analysis Of ATOM On The Four-Hourly (4H) Chart The price of ATOM has continued to show a bullish trend holding above the 50 and 200 EMA prices, which correspond to $11.3 and $10.8, acting as support respectively to the ATOM price. ATOM needs to hold above the 50 and 200 EMA to continue its bullish sentiment; if ATOM fails to hold, the prices of $11.3 and $10.8 will act as support levels. The price of ATOM respects the uptrend line formed by prices as the trendline acts as support in case the 50 and 200 EMA can not hold the price of ATOM during a sell-off. Four-Hourly (4H) resistance for ATOM price – $16. Four-Hourly (4H) support for ATOM price – $11.3, $10.8. Related Reading: Crypto Market Sentiment Plunges To 1-Month Lows, What Lies Ahead? Featured Image From Fintechs, Charts From TradingView.com

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ATOMUSD Cosmos Atom