ATOM is an extremely volatile digital asset with a very high trading volume. It can be used as a means of payment on the ethereum network and has one of the highest market caps for any cryptocurrency in circulation.
Introduction: ATOM/USD Follows the Market Sentiment; Price Trades Below $30
The “atom crypto price prediction” is a cryptocurrency that follows the market sentiment. The coin’s price trades below $30 and has been predicted to rise in the future.
4th of March, Cosmos Price Analysis
After a few days of bullish momentum, the bears have taken full control of the market and are lowering the price below the moving averages.
Market ATOM/USD
Levels of importance:
$37, $39, $41 are the resistance levels.
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Daily Chart for ATOMUSD
As the currency drops below the 21-day moving average, ATOM/USD remains inside the range. However, when the market starts today, the bulls are unable to drive the currency over the $30 resistance level, and it begins to show signs of downward movement, which might result in a massive loss if the price breaks through the channel’s bottom limit.
Cosmos Price Predictions: What Will Happen to the Price of Cosmos?
The price of Cosmos is now drifting sideways as the technical indicator Relative Strength Index (14) falls below the 50-level, but it has not yet fallen below the channel’s bottom border. As a result, if ATOM/USD continues to remain under bearish influence, the market may test the $22, $20, and $18 levels. On the upside, any bullish rise towards the channel’s top limit might find resistance around $37, $39, and $41, respectively.
Cosmos Price Range-bounds Within the Channel; ATOM/BTC Market
The daily chart shows that ATOM/BTC is fluctuating. On the chart, the market price is most likely to create a negative trend. Today, the currency falls to a low of 729 SAT as the bears increase their grip on the market. As a result, any additional bearish movement below the channel’s bottom limit risks hitting the 600 SAT support level and below.
ATOMBTC – ATOMBTC – ATOMBTC – ATOMBTC
However, when the signal line goes below the 50-level, the technical indicator Relative Strength Index (14) on the daily chart reveals that bears are still exerting pressure on bulls. Meanwhile, if bulls can gather and stop the falling trend, the Cosmos price might initiate a rally, pushing the price beyond the resistance level of 900 SAT and beyond.
