Resistance

Cosmos

<ul class="list-ic vertical">
 <li><span>1</span> <a>The ATOM coin gained traction and has exceeded the $10 mark.</a></li>
 <li><span>2</span> <a>The Cosmos coin price signifies bull accumulation and is eyeing the $20 mark.</a></li>
</ul>
<p>The Cosmos coin (ATOM) signifies an up move and has decisively crossed the $10 mark, replicating a buying momentum on the charts. Furthermore, the price action indicates the higher high swings, and an impressive trend reversal was noted. The coin has crossed the $12 mark, the neckline hurdle, and reached the bullish trajectory. Moreover, the coin has climbed above the key moving averages, and buying pressure has persisted in the past sessions.</p>
<p>At press time, the Cosmos (ATOM) price was trading at $13.59 with an intraday gain of 0.97%, indicating neutrality on the charts. It has a weekly return ratio of 3.89% and 38.67% on a monthly basis. The pair of ATOM/BTC is at 0.000188 BTC, and the market cap is $4.54 Billion. Analysts are neutral and suggest the ATOM coin price will gain momentum and may reach the $20 mark soon.</p>
<h2 class="wp-block-heading" id="strong-cosmos-price-volume-profile-indicates-bull-accumulation-strong"><strong>Cosmos Price Volume Profile Indicates Bull Accumulation&nbsp;</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (ATOM), Volume (ATOM)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=cosmos&amp;pt=ATOM&amp;df=2023-09-13T18%3A29%3A59.827Z&amp;dt=2024-03-13T18%3A29%3A59.827Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%232e934a%3B%231b2f87&amp;ws=%7B%22node%22%3A%22area%22%7D%3B" scrolling="no"></iframe>&nbsp; 
<p>The above data shows that the Cosmos coin price has kept rising since the start of this month and grew over 18% this week. However, the trading volume declined over 30% to $323.89 Million, indicating low investor interest and signs of trap formation on the top. The coin price is hovering near the $13 mark and may face retracement to the $10 mark.</p>
<h2 class="wp-block-heading" id="strong-atom-price-shows-drop-in-volatility-sentiments-remain-neutral-strong"><strong>ATOM Price Shows Drop In Volatility; Sentiments Remain Neutral</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (ATOM), Weighted sentiment (Total) (ATOM)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=cosmos&amp;pt=ATOM&amp;df=2023-09-13T18%3A29%3A59.827Z&amp;dt=2024-03-13T18%3A29%3A59.827Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_volatility_1d%3Bsentiment_volume_consumed_total&amp;wax=0%3B1&amp;wc=%23FFCB47%3B%233b6dc6&amp;ws=%7B%22node%22%3A%22area%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>This week, the coin witnessed steady price moves with low volatility, which signifies that buyers are holding the gains on the top and are looking for a bounce. The volatility curve was noted at 0.011, which signifies neutrality on the charts. However, the total weighted sentiments indicate a massive setback and a bounce was noted. The change in sentiment leads to positiveness and a notable rise in the coin price in the past weeks.</p>
<h2 class="wp-block-heading" id="strong-social-dominance-and-development-activity-analysis-strong"><strong>Social Dominance and Development Activity Analysis</strong></h2> <iframe loading="lazy" title="Santiment Chart: Social Dominance (ATOM), Development Activity (ATOM)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=cosmos&amp;pt=ATOM&amp;df=2023-09-13T18%3A29%3A59.827Z&amp;dt=2024-03-13T18%3A29%3A59.827Z&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Bdev_activity&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%238358FF&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%7D" scrolling="no"></iframe>
<p>The Social Dominance data witnessed a decline of over 45% to 0.423%, indicating lower discussions and media reports on<a href="https://www.thecoinrepublic.com/2023/09/24/how-web3-social-media-platforms-are-authorizing-users-safety/" target="_blank" rel="noopener noreferrer nofollow"> social media platforms</a>. However, the development activity suggests a rise of over 25% to 59.62, revealing the positive network growth of the coin.</p>
<h3 class="wp-block-heading" id="strong-relative-strength-index-rsi-and-open-interest-oi-analysis-strong"><strong>Relative Strength Index (RSI) and Open Interest (OI) Analysis</strong></h3> <iframe loading="lazy" title="Santiment Chart: RSI 7d (ATOM), Marketcap (ATOM), Total Open Interest in USD (ATOM)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=cosmos&amp;pt=ATOM&amp;df=2023-09-13T18%3A29%3A59.827Z&amp;dt=2024-03-13T18%3A29%3A59.827Z&amp;emcg=1&amp;emhwm=1&amp;wm=rsi_7d%3Bmarketcap_usd%3Btotal_open_interest&amp;wax=0%3B1%3B2&amp;wc=%23FF5B5B%3B%23FFCB47%3B%235275FF&amp;ws=%7B%22interval%22%3A%227d%22%2C%22__appliedInterval%22%3Atrue%7D%3B%3B%7B%22node%22%3A%22area%22%7D" scrolling="no"></iframe>
<p>The Cosmos coin price keeps rising, and the RSI curve jumps to 68, staying in the overbought zone, whereas the market cap of the coin was noted at $4.59 Billion, a surge of over 7% was noted in the last week. Moreover, the derivative data signifies the bullish outlook, and the open interest jumped over 10.38% to $166.27 million, meaning buyers are putting effort into raising the coin price.</p>
<p>As per the Fibonacci retracement data, the coin price has sustained above the 38.2% zone and is close to the 50% zone. The coin has a total supply of 329.10 million, and the volume-to-market cap ratio is 0.0769.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The Cosmos coin (ATOM) signifies an up move and is trading with bullish sentiment, replicating a breakout in the recent sessions. The trend is intact, and the coin has started delivering higher high swings and is reaching a bullish trajectory.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $13 and $12</p>
<p><strong>Resistance Levels:</strong> $14 and $15</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

Cosmos (ATOM) Gained Strength: Can ATOM Reach the $20 Mark?

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Thecoinrepublic.com

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