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The post <a href="https://coinpedia.org/price-analysis/atom-price-signal-bull-run-chances-teasing-a-57-jump-to-13/" rel="noopener noreferrer nofollow">ATOM Price Signal Bull Run Chances, Teasing A 57% Jump To $13</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
As altcoins are making a comeback in this recovering market, the bull run chances in the long-silent altcoin are increasing. One such token, ATOM, shows a price trend ready to reclaim the uptrend.&nbsp;
With a 5% jump within 48 hours, the ATOM price trend shows a comeback possibility in the coming days. With a bullish reversal at play, the <a href="https://coinpedia.org/information/atom-cosmos-price-prediction/" rel="noopener noreferrer nofollow">ATOM price prediction</a> teases a recovery in 2024.&nbsp;
<h2 class="wp-block-heading" id="h-cosmos-price-prediction">Cosmos Price Prediction</h2>
With the Cosmos market cap closing towards $10 Billion, the ATOM price trend shows a positive cycle at play. However, the weekly chart below shows a sideways trend continuation above the $8 mark.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXf1ocSevrpVqLiDmGGeZ8Q3iTW6MlIHJTkN_II0zAbspJR0895W5FbbHKN4P1uJnNIQIhPbkzS2e1A6bbeI7EYXoHsnGr16khVueuUEPmamFXvDpW243Ooq7zY3mAvuiVbMO4NQADebFFSQV9Z6fElqLXRA?key=cnQPux_Rd81H2cGjuwjgwQ" alt="">
</figure>
&nbsp;<a href="https://www.tradingview.com/x/krA8RnEY/" rel="noopener noreferrer nofollow">Tradingview</a>
In the daily chart, the $8 cushion provides multiple bounce-back and challenges the dynamic resistance of the 50D EMA. As the ATOM price projects a consolidation range breakout to conclude the bearish phase, we can shortly witness an underlying sentiment shift.&nbsp;
Currently, the ATOM price trades at $8.616 with an intraday pullback of 0.89%, following the two consecutive bullish candles in the 1D chart.&nbsp;
Technical indicators:
EMA: The weekly 50 and 200 EMAs maintain a bearish trajectory following the death cross. In the daily chart, the 50D and 200D EMA paint a similar picture, with the 50D EMA providing dynamic resistance after the death cross.&nbsp;
RSI: The weekly RSI line targets the halfway line with the recent recovery and reveals a growth in underlying bullishness.&nbsp;
<h2 class="wp-block-heading" id="h-will-the-atom-price-cross-50d-ema">Will The ATOM Price Cross 50D EMA?</h2>
As the Bitcoin price sustains above $71K and Ethereum aims to cross $4,000 this month, the altcoins are ready for a bounce back. Amidst this, the sideways trend in the ATOM price signals a comeback possibility if it surpasses the 50D EMA.
The 50D EMA breakout rally will result in a trend reversal in the weekly chart if it breaks the consolidation range. Under such assumptions, the Cosmos token price prediction reveals $13 as a potential high in June.&nbsp;
On the other hand, a reversal from the 50D EMA could prolong the sideways trend with a decline to the $8 support.

ATOM Price Signal Bull Run Chances, Teasing A 57% Jump To $13

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