- The Cosmos Price on the monthly chart is trading below bearish momentum as it moves with lower highs and lows.
- The crypto asset is currently CMP above its vital moving averages of 200 day lines and fails to hold its short DMA line of 20 and 50 with average volume activity.
- The ATOM / BTC pair is trading at 0.0004886 BTC with an intraday loss of -3.52%, and the ATOM / ETH ratio is CMP at 0.006906 ETH with a 24 hour change of -2.18 %.
Chart of ATOM / USD from Tradingview
Cosmos price moves down after currently being rejected from the supply zone. The ATOM token on the monthly chart is placed above the major DMA lines of 200 days and fails to hold its SMA of 20 and 50 day lines. The volume on the monthly chart needs to increase sharply to stay below the bullish chart pattern. Once the coin maintains its key moving averages, the supportive volume activity will drive more buyers in the upcoming sessions. Support on the lower side is at $ 25.40 and $ 21.20, while resistance on the higher side is at $ 37.90 and $ 43.60.
Cosmos Price is trading near its oversold zone and we can expect a rebound in an upcoming trading session
Cosmos price is trading near its oversold zone and we can expect a rebound in an upcoming trading session. Meanwhile the technical parameters are oversold and a rebound from lower levels is expected. Volume activity in the 4 hour timeframe is lower and needs to improve a lot for a strong recovery. The price of ATOM is trading at $ 29.30 with an intraday gain of -11.37% and its volume to market cap ratio is 0.09766.
Relative Strength Index (OVER SOLD): Cosmos price The RSI is trading near its oversold zone and no new long position is recommended. In contrast, the coin is selling near the lower end and forecasting a slight rebound with buy action, RSI at 28.
Moving average convergence divergence (OVER SOLD): The daily chart projects a bearish trend on a 4-hour timeframe. At the same time, the seller’s line (red) overwhelms the buyer’s signal line (green) with the expected positive crossover.
Support levels: $ 25.40 and $ 21.20
Resistance Levels: $ 37.90 and $ 43.60.