Cosmos (ATOM) Breaches 1-Year High; Rises Above 61.80% Fib

Cosmos is notably breaching a 1-year high, and the bullish candlewick is above 61.80% Fib Retracement level on the 2-day chart. ATOM is one of the top 20 cryptos of the market and has shown a steep growth from trading around $4 to rising as high as $6.06 in just two trading days.

Bitcoin and majority of the altcoins have experienced a gush of momentum, and thereby, the major cryptos have breached the major resistances. It was just in the past 24 hours when BTC had crossed above $12k briefly but is back to trading at $11.9k with a slight pullback. Following this, ATOM has also pulled back in the intraday to trade at $5.5 after hitting above $6.0.

Cosmos (ATOM) Price Prediction

Cosmos (ATOM) Price News
ATOM/USD Chart By TradingView

As shown on the above 2-day chart, ATOM is trading at $5.5 after breaching a year-long resistance above $6. In the market crash during March, Cosmos tested support as low as $1.03 but is on a continual strengthening mode right after the massive sell-off. The coin was seen cumulating below 38.20% Fib Retracement level most of the time until the previous month. The market has been drawing a positive bias since the previous month, and it was just then when ATOM rose above 38.20% Fib.

Cosmos Price News

However, on the 12-hourly chart, the growth after the major market crash in March may not appear completely stable, but the ATOM has been holding a complete worth to be amongst the top 20 cryptos of the market. After plummeting as low as $1.01 to breaching yearly high at $6.06, it has amazingly strengthened by 500% in 5 months now.

The MACD chart exhibits a bullish divergence due to the positive bias in the market, and the MACD line is seen crossing above the signal line. Similarly, the Cosmos’ RSI is at 82.18, showing the superficial demand due to the recent steep high above $6.

Recent Articles

GenM Clinches RM707m Loan for NY-Based Vacant Land

Wells Fargo, a US bank, has provided a grand loan of US$175 million to Genting Malaysia Bhd to enable the latter to purchase...

The Beginner’s Guide to Arbitrage Bitcoin? Is it Legal?

Bitcoin is a volatile digital currency increasingly used as an alternative to fiat currency for day-to-day online transactions. However, the unpredictable price...

UN Reports Cyberattacks on Crypto Exchanges Launched by North Korea

A UN expert panel recently reported that North Korea had been consistently attacking crypto exchanges and defense sector companies to acquire foreign...

Finxflo Unlocks New Trading Pairs for Crypto Enthusiasts

Finxflo, a leading cryptocurrency brokerage provider, has introduced a brand new trading pair of cryptocurrencies. Finxflo has its own token, FXF, which...

Reef Finance Collaborates with Manta DEX to Boost DeFi Adoption

Reef Finance, a leading cryptocurrency platform for DeFi (decentralized finance) has announced its collaboration with Manta Network to offer its users hassle-free access to liquidity...

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox

[tdn_block_newsletter_subscribe input_placeholder=”Email address” btn_text=”Subscribe” tds_newsletter2-image=”730″ tds_newsletter2-image_bg_color=”#c3ecff” tds_newsletter3-input_bar_display=”” tds_newsletter4-image=”731″ tds_newsletter4-image_bg_color=”#fffbcf” tds_newsletter4-btn_bg_color=”#f3b700″ tds_newsletter4-check_accent=”#f3b700″ tds_newsletter5-tdicon=”tdc-font-fa tdc-font-fa-envelope-o” tds_newsletter5-btn_bg_color=”#000000″ tds_newsletter5-btn_bg_color_hover=”#4db2ec” tds_newsletter5-check_accent=”#000000″ tds_newsletter6-input_bar_display=”row” tds_newsletter6-btn_bg_color=”#da1414″ tds_newsletter6-check_accent=”#da1414″ tds_newsletter7-image=”732″ tds_newsletter7-btn_bg_color=”#1c69ad” tds_newsletter7-check_accent=”#1c69ad” tds_newsletter7-f_title_font_size=”20″ tds_newsletter7-f_title_font_line_height=”28px” tds_newsletter8-input_bar_display=”row” tds_newsletter8-btn_bg_color=”#00649e” tds_newsletter8-btn_bg_color_hover=”#21709e” tds_newsletter8-check_accent=”#00649e” embedded_form_code=”YWN0aW9uJTNEJTIybGlzdC1tYW5hZ2UuY29tJTJGc3Vic2NyaWJlJTIy” tds_newsletter=”tds_newsletter1″ tds_newsletter3-all_border_width=”2″ tds_newsletter3-all_border_color=”#e6e6e6″ tdc_css=”eyJhbGwiOnsibWFyZ2luLWJvdHRvbSI6IjAiLCJib3JkZXItY29sb3IiOiIjZTZlNmU2IiwiZGlzcGxheSI6IiJ9fQ==” tds_newsletter1-btn_bg_color=”#0d42a2″ tds_newsletter1-f_btn_font_family=”406″ tds_newsletter1-f_btn_font_transform=”uppercase” tds_newsletter1-f_btn_font_weight=”800″ tds_newsletter1-f_btn_font_spacing=”1″ tds_newsletter1-f_input_font_line_height=”eyJhbGwiOiIzIiwicG9ydHJhaXQiOiIyLjYiLCJsYW5kc2NhcGUiOiIyLjgifQ==” tds_newsletter1-f_input_font_family=”406″ tds_newsletter1-f_input_font_size=”eyJhbGwiOiIxMyIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMSIsInBob25lIjoiMTMifQ==” tds_newsletter1-input_bg_color=”#fcfcfc” tds_newsletter1-input_border_size=”0″ tds_newsletter1-f_btn_font_size=”eyJsYW5kc2NhcGUiOiIxMiIsInBvcnRyYWl0IjoiMTEiLCJhbGwiOiIxMyJ9″ content_align_horizontal=”content-horiz-center”]