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- 1 Cosmos Price Prediction remains bullish for the long term till it holds $8.00 support.
- 2 ATOM Price struggles to climb above the 50 day EMA.
- 3 Cosmos crypto price is stuck into a narrow range.
Cosmos Price Prediction is bullish and suggests a rise in the long run till it holds $8.00 support. ATOM price seems to be stuck in the narrow range and consolidating for the base formation.
Cosmos Price is trading below the 50 day and 200 day EMA showcase the trend is in downward direction. However, the prices are near to the demand zone and buyers are trying their best to rebound.
ATOM price has not performed well in the past few months and traded with a bearish bias. It disappointed the expectation of the long term investors.
In the mid of June, Cosmos crypto witnessed panic sell off due to that prices dropped below $8.00 support. However, sellers failed to give the follow through momentum and prices immediately bounced back.
ATOM prices began to recover but $10.00 turned out to be a strong hurdle and prices got stuck into the range.
Cosmos Price is trading at $9.016 with an intraday decline of 0.67%. The 24 hour volume to market cap is 1.40%. The pair of ATOM/USDT is trading at 0.0003080 with an intraday decline of -0.42%.
Will Cosmos Price regain the $10.00 mark?
Cosmos Price Prediction favors the bulls and showcases consolidation. The crypto leaders Bitcoin and Ethereum Price are recovering. So, if it continues to recover then it might positively impact the prices of other Altcoins including ATOM.
Till Cosmos crypto price is sustained above the $8.00 support the possibility of regaining the $10.00 mark remains high. The ATOM price will pick up the bullish momentum when buyers will be able to break the $10.00 hurdle.
If buyers succeed then prices will begin the journey to reach $15.00. The technical analysis suggests, ATOM price near the demand zone and downside risk is low.
ATOM Price Analysis on Weekly time frame
ATOM Price forming a Doji size candle for the past few weeks on a weekly time frame. It shows indecisiveness and lack of direction. The next direction in Cosmos crypto will be visible after breakout of higher range of consolidation.
The MACD curve is reversing down and the histogram bar is red indicates mild bearishness. The RSI at 44 slopes sideways indicates more consolidation is possible.
Conclusion
Cosmos Price Prediction is bullish and suggests a rise in the long run. Presently, ATOM Price is near to the demand zone and consolidating for the base formation.
The technical analysis suggests Cosmos crypto will begin the journey to reach $15.00 after regaining the $10.00 mark.
Technical levels
- Resistance levels: $10.253 and $12.920
- Support levels: $8.00 and $7.00
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.