Kosmos Price Analysis: The ATOM crypto price is consolidating despite the general surge in the market

  • The ATOM coin price is currently experiencing a strong consolidation but may soon see a major breakout. It trades with a loss of more than 3% in the intraday session
  • Technical indicators of the COSMOS indicate a strong price consolidation. Meanwhile, the ATOM / BTC pair has also seen a loss of more than 10% in the past 24 hours

The ATOM crypto price is currently experiencing strong consolidation momentum despite the general surge in the market. Cosmos price has lost about 3% in value in the past 24 hours and is trading at $ 33. Cosmos could soon beat its all-time high of $ 44 in the future.

ATOM’s upside momentum could spark hostility near the $ 40 level. Meanwhile, the asset price bounceback range is around $ 25. The price is trading above the 50 and 100 moving average levels but may soon see a dip below the 50 MA in the future. The 50MA line is at $ 32 and acts as a temporary bounceback area for the price. The ATOM / BTC pair can also see strong upside momentum in the coming days. In the coming days you can invest in ATOM depending on your needs and risk tolerance.

ATOM’s market dominance is recovering strongly and may soon reach previous levels. The volume of the coin also suggests a strong upside momentum in price. The volume to market capitalization ratio for ATOM suggests a strong recovery going forward. One can predict enormous growth in the Kosmos price.

Bulls and Bears of Atom Crypto Price is resting

Source: trade view

The weekly technical chart of the ATOM price points to a consolidated momentum for the coming days. The price has seen a loss of more than 1.25% over the weekly timeframe. The coin’s daily chart suggests a consolidated price momentum. If the coin price rises above $ 45, a strong upward rally can be seen in the future. The ATOM / BTC pair can also see strong upside momentum.

diploma

The ATOM coin price is currently experiencing a strong consolidation but may soon return to the uptrend. The ATOM / BTC pair may also see a big breakout in the future

Technical levels

Main Resistance: $ 40

Main grant: $ 25

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