Coin Gabbar Token

The price analysis of Cosmos shows bias-positive consolidation. The price moved in extremely narrow bands and had a marginally upbeat perspective. To trade firmly in one direction, however, investors require more assurance.In spite of the difficulties, Cosmos was able to earn the 23rd place with a market value of $3,498,672,526. ATOM/USD is now trading at $12.21, up 0.87% for the day. To $5.03 billion, the 24-hour trading volume increased 10%.Cosmos price moves slightly higher with little price movement. A double-top structure suggests that the bulls will face some difficulties. Rising volume, however, favours the coin’s upside.<h3 id="strong-price-of-cosmo-stays-steady-strong">Price of cosmo stays steady</h3>The area near $8.1, which had previously served as resistance from March 11, 2019, to February 2, 2021, became a solid support level for ATOM on the weekly chart. Additionally, the 20-day exponential moving average ($12.32) provides resistance to the price. If the price is able to break above this given level on the weekly chart, then we can expect a good upside move of up to $14.50.Bearishness is amplified in the near term if the price is unable to maintain its present level over the next few days and begins to decline.The price created a bullish “Head &amp; Shoulders” pattern on the daily time frame. The asset is presently confronting ($12.60) opposition as it trades at the pattern neckline. According to this pattern, we can start a buying trade with an upside of up to ($15.55) if the price breaks the upper neckline on the higher side and closes above this line. Prior to the breakout, the price would move with greater vigour toward the higher level the longer it remained in the consolidation near the resistance.The closest level of support is at ($10.30), and the closest level of resistance is at ($13.00). On higher levels, there is a greater chance that the price will overcome its resistance.It would also be a potential “Buy on Dips” opportunity if the price were to correct toward the support level. However, a breach below $10.30 could render the optimistic perspective useless. Moreover, the price may fall below $8.6.On all time horizons, ATOM is only a little bullish. We can place a trade on the purchase side if the hourly closing price is over $12.60.Get more updates related to cryptocurrency :-<a href="https://www.coingabbar.com/en/crypto-news-english" rel="noopener noreferrer nofollow"> https://www.coingabbar.com/en/crypto-news-english</a>

Cosmos Technical Analysis: This bullish pattern suggests further gains.

Table of Contents

Coingabbar

Other articles published on Aug 25, 2022

Bug Bounty Program for Ethereum Jump by 4x Before Upgrade to Merge

Hollywood Producer Of The Gentlemen Ivan Atkinson Partners With Light Cycle On Caduceus Blockchain

Tron Energy Usage Way Below Top Cryptocurrencies, Report

Wow100K Exchange

Where will Ethereum PoW miners go post-merge?

Cryptocurrency price update: EOS PRICE ANALYSIS : Breakout of the Flag pattern energises bulls in...

Join our free newsletter for daily crypto updates!