Monday, June 5, 2023
No Result
View All Result
Crypeto News
Smarter_way_USA
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos
CRYPTO MARKETCAP
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos
CRYPTO MARKETCAP
Crypeto News
No Result
View All Result

Cosmos (ATOM) struggles To Stay Bullish, Is $20 Still Possible?

by crypetonews
September 14, 2022
in Analysis
Reading Time: 4 mins read
0 0
A A
0
Home Analysis
Share on FacebookShare on Twitter


Cosmos (ATOM) has maintained so much bullish sentiment topping the charts in the crypto space; despite pullbacks across the market, Cosmos (ATOM) would recover with good volume and rally higher. The price has been faced with resistance on the weekly chart and has shown weakness as much doubt sets in if the price can reclaim the price of $20. (Data from Binance)

Cosmos (ATOM) Token Price Analysis On The Weekly Chart 

Weekly ATOM Price Chart | Source: ATOMUSDT On Tradingview.com

ATOM saw a decline in its price from $45 to around $6, with an over 70% drop from its all-time high despite having good fundamentals. The price of ATOM bounced off after touching a weekly low of $6, and the price rallied to $17, showing some great strength.

The price of ATOM on the weekly chart showed great strength rallying to $17 with strong volume, but the price was faced with major resistance at $17 on the weekly chart. ATOM failed to flip this weekly resistance into support as the price has maintained a decline but above its bullish trendline support.

For the price of ATOM to trend higher price needs to flip the weekly resistance into support and close above $17; if the price of ATOM fails to rally back to this region, we could see the price of ATOM retesting its support of $12.

The price of ATOM could retest its weekly support of $12, which is a healthy retracement. So far, the support of that region holds the price of ATOM from sell-off, and this would be a good zone for more buy orders, and a possible bounce as the price aims to maintain its bullish sentiment. If the price of ATOM fails to hold $12 support, we could see the price going to a low of $8.

Weekly resistance for the price of ATOM – $17.

Weekly support for the price of ATOM – $12.

Price Analysis Of ATOM On The Daily (1D) Chart

Daily ATOM Price Chart | Source: ATOMUSDT On Tradingview.com

The daily timeframe for ATOM prices continues to main the bullish structure it has formed as the price respects the trendline support holding up nicely despite seeing more sell volume. 

ATOM’s price needs to hold above this trendline support for the price to bounce and trend higher, but if the price of ATOM fails to hold, we could see the price of ATOM going to a daily low of $12.5.

On the daily timeframe, the price of ATOM is currently trading at $13.56, holding above the 50 Exponential Moving Average (EMA), acting as support for ATOM price. The price of $12.5 corresponds to the support at 50 EMA, acting as a good area for more demand for the price of ATOM; if the support at 50 EMA fails, we could see the price going to $9. 

The Relative Strength Index (RSI) for ATOM is above 50 on the daily chart, indicating low buy order volume. 

Daily resistance for the ATOM price – $15.

Daily support for the ATOM price – $12.5-$9.

Featured Image From zipmex, Charts From Tradingview 



Source link

Tags: ATOMBullishCosmosStayStruggles
Previous Post

Injective (INJ) Infuses Adrenaline With Double-digit Gain, Is $2.5 Feasible?

Next Post

Ethereum Classic (ETC) Halts Bearish Bias – Binance to Enable ETC Mining

Related Posts

Here’s why the MANA, SAND, Enjin, AXS token prices are soaring
Analysis

Here’s why the MANA, SAND, Enjin, AXS token prices are soaring

June 5, 2023
Crypto price predictions: Sui, Jasmy, Avalanche (AVAX)
Analysis

Crypto price predictions: Sui, Jasmy, Avalanche (AVAX)

June 2, 2023
Cardano price prediction for June: Is ADA a buy or sell?
Analysis

Cardano price prediction for June: Is ADA a buy or sell?

June 1, 2023
Metacade price prediction for June: buy the MCADE dip
Analysis

Metacade price prediction for June: buy the MCADE dip

June 1, 2023
JPMorgan analyst sees a ‘conditional’ upside to $45,000 in Bitcoin
Analysis

JPMorgan analyst sees a ‘conditional’ upside to $45,000 in Bitcoin

May 31, 2023
Here’s why Linear Finance’s LINA token price is surging
Analysis

Here’s why Linear Finance’s LINA token price is surging

May 31, 2023
Next Post
Ethereum Classic (ETC) Halts Bearish Bias – Binance to Enable ETC Mining

Ethereum Classic (ETC) Halts Bearish Bias - Binance to Enable ETC Mining

‘Why Isn’t Anyone Talking About This?’ — Twitter’s Crypto Spam Problem Increases With Legions of CZ Bots, Verified Vitalik Impersonators – Featured Bitcoin News

‘Why Isn't Anyone Talking About This?’ — Twitter’s Crypto Spam Problem Increases With Legions of CZ Bots, Verified Vitalik Impersonators – Featured Bitcoin News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

If I Invest $100 in Bitcoin Today
Crypto Exchanges

If I Invest $100 in Bitcoin Today

by crypetonews
May 30, 2023
0

beginner In my opinion, Bitcoin is still the best cryptocurrency to start your crypto investment journey with. Unlike most altcoins,...

Dogecoin Volatility Set To Ignite

Dogecoin Volatility Set To Ignite

May 30, 2023
XR Celebrates Industry Revival at AWE USA 2023

XR Celebrates Industry Revival at AWE USA 2023

June 1, 2023
Bitcoin Mining Continues To Expand Despite Profitability Challenges

Bitcoin Mining Continues To Expand Despite Profitability Challenges

June 2, 2023
Covering the 2024 Presidential Election

Covering the 2024 Presidential Election

May 31, 2023
Tamadoge, the Dominant Play-to-Earn Gaming Ecosystem, Launches App on iOS and Android Stores, Leading the Web3 Adoption Revolution

Tamadoge, the Dominant Play-to-Earn Gaming Ecosystem, Launches App on iOS and Android Stores, Leading the Web3 Adoption Revolution

June 2, 2023
  • Trending
  • Comments
  • Latest
146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’

146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’

May 17, 2023
What is the Erigon Node Consensus Layer?

What is the Erigon Node Consensus Layer?

February 15, 2023
Secured #5: Public Vulnerability Disclosures Update

Secured #5: Public Vulnerability Disclosures Update

May 3, 2023
Exchange Giant Coinbase Adds Custody Support for 14 Ethereum (ETH)-Based Altcoins, Spurring Rallies Up to 20%

Exchange Giant Coinbase Adds Custody Support for 14 Ethereum (ETH)-Based Altcoins, Spurring Rallies Up to 20%

October 27, 2022
3 Things We Learned at Tornado Cash Dev Alexey Pertsev’s Trial – CoinDesk : ethereum

3 Things We Learned at Tornado Cash Dev Alexey Pertsev’s Trial – CoinDesk : ethereum

November 23, 2022
Crypto Whales Spend Millions Buying the Dip on PEPE As Prices Drop: On-Chain Data

Crypto Whales Spend Millions Buying the Dip on PEPE As Prices Drop: On-Chain Data

May 12, 2023
PEPE Crypto Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

PEPE Crypto Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

24
BITCOIN: CRASH TO $24,000 GUARANTEED!?!?!?!? 3 HUGE REASONS!! BTC + Crypto Price Prediction Analysis

BITCOIN: CRASH TO $24,000 GUARANTEED!?!?!?!? 3 HUGE REASONS!! BTC + Crypto Price Prediction Analysis

20
Ending Logan Paul's Biggest Scam

Ending Logan Paul's Biggest Scam

40
⚠️*HUGEEE*⚠️ IT'S MAKE OR BREAK FOR BITCOIN !⚠️Crypto BTC Price Prediction/Cryptocurrency News Today

⚠️*HUGEEE*⚠️ IT'S MAKE OR BREAK FOR BITCOIN !⚠️Crypto BTC Price Prediction/Cryptocurrency News Today

24
I ATTENDED A 3 HR 'CRYPTO SCAM' WEBINAR | WFABB iGenius

I ATTENDED A 3 HR 'CRYPTO SCAM' WEBINAR | WFABB iGenius

38
Our INSANE XRP Prediction (CZ & Binance In HOT WATER)

Our INSANE XRP Prediction (CZ & Binance In HOT WATER)

21
Here’s Why LUNC’s Price Could Cross $0.00015 Soon

Here’s Why LUNC’s Price Could Cross $0.00015 Soon

June 5, 2023
Optimism $OP ‘Bedrock’ Upgrade to Speed Confirmations, Cut Gas Fees, Set Path to ‘Superchain’

Optimism $OP ‘Bedrock’ Upgrade to Speed Confirmations, Cut Gas Fees, Set Path to ‘Superchain’

June 5, 2023
Bitcoin 2023 Was A Demonstration Of The Bitcoin Community’s Resilience And Optimism

Bitcoin 2023 Was A Demonstration Of The Bitcoin Community’s Resilience And Optimism

June 5, 2023
Crypto Advocates Fight To Remove ‘Unlawful’ Sanctions On Tornado Cash

Crypto Advocates Fight To Remove ‘Unlawful’ Sanctions On Tornado Cash

June 5, 2023
Market Outlook #223 – An Altcoin Trader’s Blog

Market Outlook #223 – An Altcoin Trader’s Blog

June 5, 2023
Smithsonian picks architect for $130m Bezos Learning Center on Washington, DC’s National Mall

Smithsonian picks architect for $130m Bezos Learning Center on Washington, DC’s National Mall

June 5, 2023
Crypeto News

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Crypeto News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Videos
  • Web3

LATEST UPDATES

  • Here’s Why LUNC’s Price Could Cross $0.00015 Soon
  • Optimism $OP ‘Bedrock’ Upgrade to Speed Confirmations, Cut Gas Fees, Set Path to ‘Superchain’
  • Bitcoin 2023 Was A Demonstration Of The Bitcoin Community’s Resilience And Optimism
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 Crypeto News.
Crypeto News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos

Copyright © 2022 Crypeto News.
Crypeto News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In