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COSMOS Price Prediction: Can it Rise to $11? June 24th ATOM Analysis

  • ATOM price experienced a rise with a strong buyer reaction from the weekly support zone of $7.35 and advanced to levels of $9.48.
  • If the ATOM price makes daily candlestick closures above the level of $10.50 and moves steadily above the downtrend, it can continue its rise up to the levels of $11.33.
  • In technical analysis, the important resistance level for ATOM is seen as the range of $9.62 – $9.54. 2-hour candlestick closures above this level can carry the price up to $9.88.

The ATOM price continues its rise with a strong reaction from the weekly support zone. According to the analysis, closures above certain resistance levels increase the likelihood of the price reaching higher levels by supporting the upward trend.

Medium-Term ATOM Analysis

Daily ATOM/USD Price Chart

Daily ATOM/USD Price Chart

When examining the ATOM price chart, it can be seen that the price has experienced a rise with a strong buyer reaction from the weekly support zone of $7.35 and advanced to levels of $9.48.

If the ATOM price makes daily candlestick closures above the mentioned level of $10.50 and moves steadily above the downtrend, it can continue its rise up to the levels of $11.33.

In order to sustain the upward trend, ATOM must continue to make daily candlestick closures above $8.64. If the price can establish permanence around the $8.64 region, it may want to continue the upward trend.

Short-Term ATOM Price Analysis

2-Hour ATOM/USD Price Chart

2-Hour ATOM/USD Price Chart

When examining the ATOM technical chart, it can be seen that the price is moving close to the important resistance level of $9.62 – $9.54 in the 2-hour time frame. Currently, the ATOM price is at $9.40 with a 1.05% increase.

If the ATOM price achieves 2-hour candlestick closures above the mentioned resistance level of $9.62 – $9.54, it can continue its upward movement up to $9.88. However, if it fails to break this resistance level, it can initiate a downward movement from the $9.62 – $9.54 region.

If the ATOM price experiences a decline from the $9.62 – $9.54 region, it can drop to the levels of $8.94. If it cannot find support at the $8.94 level, it can continue the downward movement towards the support zone of $8.77.

If there are sharp declines in the ATOM price, the strong support level of $8.62 can be followed. Many ATOM holders are waiting to buy from this zone.

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Lucien Renard
Lucien Renardhttps://en.coinotag.com/
Lucien Renard is a 24-year-old writer specializing in cryptocurrency analysis and price action. With a focus on technical analysis, Lucien provides valuable insights into market trends and potential opportunities for investors.
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