ATOM

Sunday, May 19, 2024

Cosmos (ATOM) Chart Analysis: Are Prices Ready for a 50% Hike With This Reversal Within a Wedge?

May 11, 2023May 18, 2023 2 mins Vishal Dixit ATOM, bearish, bitcoin, blockchain, breakout, bullish, candle, cosmos, crypto, ema, holders, intraday, investing, long-term, short-term, tips, web3

With the discount rally continuing in the Bitcoin prices for the past seven days, the growing fear in the crypto market is affecting the recovery in altcoins. However, the altcoins like Cosmos (ATOM) continue the struggle within bullish aligned patterns. With a recovery last night, ATOM has gained the attention of buyers with the hopes of a bullish breakout.

With the oldest crypto Bitcoin in correction, will Cosmos prices stand a chance to resurface with a pattern breakout and reach the $17 mark?

ATOM Technical Analysis

ATOM Price Analysis: Is Cosmos Ready for a Lift-Off to $17 with 4.19% Spring?

April 27, 2023April 30, 2023 2 mins Vishal Dixit ATOM, bearish, breakout, bullish, candle, crypto, ema, holders, investing, long-term, short-term, tips, web3

After failing to beat the $15 resistance, ATOM buyers failed to hold off the incoming supply, fueled by profit booking, leading to a 30% fall. However, ATOM prices keep floating above it meanwhile the bull-bear fight leads to a series of lower high formations.

Considering the recent spike in demand for the self-tagged Internet of Blockchains coin, the possibility of prolonged buying is increasing. So, should you consider buying ATOM?