- Cosmos has broken the ceiling of the short-term descending trend, initially indicating a slower rate of descent. However, the currency has broken the support at $7.00.
- There is no support found on the price chart, and further declines are indicated. In the case of a positive response, the currency has resistance at the $8.30 level.
- The current price of Cosmos (ATOM) is $6.88 USD, with a 24-hour trading volume of $61,342,539 USD. Cosmos (ATOM) has experienced a 0.73% decrease in the last 24 hours.
Cosmos (ATOM) price is attempting to stay above $7: Can ATOM coin initiate an upward movement? Check out the current ATOM analysis on COINOTAG!
Short-Term ATOM Analysis
Cosmos has broken the ceiling of the short-term descending trend, initially indicating a slower rate of descent. However, the currency has broken the support at $7.00. This suggests further declines. In the case of positive responses, there will now be resistance at the $7.00 level. In the short term, the currency is technically considered negative and is in a negative technical position.
Medium-Term ATOM Analysis
Investors have accepted lower prices over time to exit Cosmos, and the currency is currently in a medium to long-term descending trend channel. This indicates increasing pessimism among investors and suggests further declines for Cosmos. The currency has given a negative signal for the short-term trading range and has broken a support level. There is no support found on the price chart, and further declines are indicated. In the case of a positive response, the currency has resistance at the $8.30 level. In the medium term, the currency is generally considered technically negative and is currently in a negative medium-term position.
Long-Term ATOM Analysis
Cosmos is showing weak development in the long-term descending trend channel. This indicates increasing pessimism among investors and suggests further declines for Cosmos. The currency is currently between the support at $6.00 and the resistance at $9.00. A definite break of either level will determine a new direction. In the long term, the currency is considered slightly negative from a technical perspective.
Cosmos (ATOM) Price
The current price of Cosmos (ATOM) is $6.88 USD, with a 24-hour trading volume of $61,342,539 USD. Cosmos (ATOM) has experienced a 0.73% decrease in the last 24 hours. According to the current CoinMarketCap ranking, Cosmos (ATOM) is ranked 26th with a market capitalization of $2,531,207,960 USD. There are 368,055,630 ATOM tokens in circulation, and the maximum supply is not available.
