Resistance

Cosmos

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Atom price is trading below the key moving averages, showcasing the bearishness on the daily chart.</a> </li> 
 <li> <span>2</span> <a>Cosmos is trading in the bearish region, and the crypto price fell by almost 31% last month.</a> </li> 
</ul> 
<p>Cosmos is a pioneering blockchain ecosystem crafted to support interoperability among diverse blockchains. It’s an autonomous, scalable, and compatible network of blockchains designed to facilitate seamless value and data exchanges between chains.</p> 
<p>Cosmos envisions establishing an “Internet of Blockchains,” a digital space where various blockchains can interact and engage in transactions, broadening users’ horizons with many new applications and services. The entire Cosmos Network operates on its indigenous cryptocurrency, ATOM.</p> 
<p>ATOM is the principal cryptocurrency of the Cosmos Network. It serves multiple purposes, including settling transaction fees and network charges and staking, which is integral to reinforcing the network’s security and generating rewards.<br><br>Validators and delegators employ ATOM tokens to garner incentives, rewarding their contribution to achieving consensus and fortifying the network’s integrity. Furthermore, ATOM tokens empower users to participate in governance decisions, influencing the network’s future trajectory.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-the-atom-crypto-price-strong"><strong>Technical Analysis Of The Atom Crypto Price&nbsp;</strong></h2>    
<p><a href="https://in.tradingview.com/chart/ATOMUSD/B4ivpzld-ATOM/"></a> <a href="https://in.tradingview.com/u/writer12_gsm/"></a> <a href="https://in.tradingview.com/"></a></p>  
<p>The relative strength index (RSI) reflected a bearish signal in the current price momentum. It indicates that the sellers have more dominance in the current phase. The RSI is moving at 33.19 below the middle line.</p> 
<p>The signal line and the MACD line trade in a bearish cross, followed by both lines trading below the zero level. It indicates the selling pressure and bearishness in the trading price of the crypto.</p> 
<h2 class="wp-block-heading" id="strong-atom-crypto-price-vs-volume-strong"><strong>ATOM Crypto Price vs Volume</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=2023-12-01T00%3A00%3A00.000Z&amp;dt=2024-03-22T18%3A29%3A59.514Z&amp;sat=shchcfg_uR0HDQ49n4O7&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23D2D6E7&amp;ws=%3B" scrolling="no"></iframe> 
<p>The trading volume of the ATOM crypto has decreased significantly in the past few days, but the<a href="https://www.thecoinrepublic.com/2024/04/24/eth-price-prediction-can-bulls-accumulate-ethereum-beyond-3500/" target="_blank" rel="noreferrer noopener"> price</a> has not dropped considerably. In the last month, the trading volume has decreased by 32.15%, indicating a negative sentiment in the short term. Our analysis suggests that based on the change in trading volume, the ATOM crypto price may perform negatively in the coming days.&nbsp;</p> 
<p>The ATOM price is currently trading at $8.283, with a decrease of 1.43% in intraday trading. The 24-hour volume to market cap ratio is 0.0548%. The trading volume of the ATOM/USD pair is 174.70 Million. The Cosmos is showing a declining pattern, indicating that sellers are active.</p> 
<p>The ATOM price is expected to remain bearish until it trades below $11.00. However, the price is highly oversold, so that a short-term relief rally may occur at any time. The ATOM price is in a solid downtrend and is trading below both the EMAs, indicating the dominance of sellers. Presently, the price is stuck in a narrow range, showing signs of base formation, but confirmation is still awaited.&nbsp;</p> 
<p>However, if a sell-off triggers in the overall crypto market and the ATOM price drops below $7.00, the trend will turn fully bearish again, and the crypto may see further weakness.</p> 
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3> 
<p>The trading volume of the ATOM crypto has decreased significantly in the past few days, indicating a short-term negative sentiment. The price has not dropped considerably. However, the change in trading volume suggests that the ATOM crypto price may perform negatively in the coming days. The ATOM price currently trades at $8.283, with a decrease of 1.43% in intraday trading. The Cosmos is showing a declining pattern, indicating that sellers are active. The ATOM price is expected to remain bearish until it trades below $11.00, and if it drops below $7.00, the trend will turn fully bearish again.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels:&nbsp; $7:00 and $6:00.</p> 
<p>Resistance Levels: $10.00 and $11:00.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>It’s important to note that the views and opinions presented in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading stocks carries inherent risks, and readers should conduct their research before making any financial decisions.</p>

ATOM Price Prediction: What Are The Next Price Targets For Cosmos?

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