The price of Cosmos (ATOM) could be set for a wild rally with a potential breakout against Tether (USDT) ahead of summer relief for altcoins.\u00a0<\/p>\n
Ethereum price saw a relief bounce from $1,600 to $1,800 ahead of merge sentiments leading to other altcoins like Cosmos breaking out in price. (Data feeds from Binance)<\/p>\n
Price Analysis Of ATOM On The Weekly Chart
\nWeekly Price Chart Analysis For ATOM | Source: ATOMUSDT On Tradingview.com<\/p>\n
From the chart, the price of ATOM saw a weekly low of around $6.5, which bounced from that range and rallied to $11.3.<\/p>\n
The price has built more momentum as it faces resistance at $17.<\/p>\n
If the price of ATOM on the weekly chart continues with this bullish structure, it could quickly hit the $17 mark.<\/p>\n
The volume shows decent buy bids, pushing the price of ATOM higher.<\/p>\n
Weekly resistance for the price of ATOM \u2013 $17.<\/p>\n
Weekly support for the price of ATOM \u2013 $6.5.<\/p>\n
Price Analysis Of ATOM On The Daily (1D) Chart
\nDaily Price Chart Analysis For ATOM | Source: ATOMUSDT On Tradingview.com<\/p>\n
The price of ATOM found strong support at around $6.2, with what seems to be an area of interest on the daily chart.<\/p>\n
ATOM bounced from its support, forming a bullish trendline that acts as a support and has continued to maintain this structure.\u00a0<\/p>\n
At the point of writing, the price of ATOM is at $12, trading above the 50 exponential moving averages (EMA), which corresponds to the support at $10.\u00a0<\/p>\n
If the 50 EMA region fails to hold the price, $9 would be a good support to hold sell-offs and for a possible price bounce.<\/p>\n
With more buy bids, we could see the price of ATOM retesting at $16 -$17, which has been resistance on the daily chart.<\/p>\n
The RSI for ATOM price on the daily chart is 65, indicating healthy buy bids for ATOM.<\/p>\n
The volume for ATOM looks good, indicating positive signs for ATOM prices to trend higher.<\/p>\n
\u00a0<\/p>\n
Daily (1D) resistance for ATOM price \u2013 $17.<\/p>\n
Daily (1D) support for ATOM price \u2013 $10, $9.<\/p>\n
Price Analysis Of ATOM On The Four-Hourly (4H) Chart
\nFour-Hourly Chart Analysis For ATOM | Source: ATOMUSDT On Tradingview.com<\/p>\n
The price of ATOM has shown a bullish breakout from a symmetric triangle on the 4H chart, with the price closing above it.<\/p>\n
ATOM has struggled in this region, forming a range in a triangle with price rejecting from $11.5.<\/p>\n
ATOM price is $12, trading above the 50 & 200 EMA with prices of $10.7 and $10 on the 4H chart. These prices would act as support areas for ATOM on the 4H chart.<\/p>\n
\u00a0<\/p>\n
Four Hourly (4H) resistance for ATOM price \u2013 $16.<\/p>\n
Four hourly (4h) support for ATOM price \u2013 $10.7, $10.<\/p>\n
\u00a0<\/p>\n
A break below these support zones could send the price of ATOM to a region of $9, acting as a good support area.<\/p>\n
Featured image from NewsBTC, Charts from TradingView.com\u00a0<\/p>","protected":false},"excerpt":{"rendered":"
<\/p>\n
The price of Cosmos (ATOM) could be set for a wild rally with a potential breakout against Tether (USDT) ahead of summer relief for altcoins.\u00a0<\/p>\n
Ethereum price saw a relief bounce from $1,600 to $1,800 ahead of merge sentiments leading to other altcoins like Cosmos breaking out in price. (Data feeds from Binance)<\/p>\n
Price Analysis Of ATOM On The Weekly Chart
\nWeekly Price Chart Analysis For ATOM | Source: ATOMUSDT On Tradingview.com<\/p>\n
From the chart, the price of ATOM saw a weekly low of around $6.5, which bounced from that range and rallied to $11.3.<\/p>\n
The price has built more momentum as it faces resistance at $17.<\/p>\n
If the price of ATOM on the weekly chart continues with this bullish structure, it could quickly hit the $17 mark.<\/p>\n
The volume shows decent buy bids, pushing the price of ATOM higher.<\/p>\n
Weekly resistance for the price of ATOM \u2013 $17.<\/p>\n
Weekly support for the price of ATOM \u2013 $6.5.<\/p>\n
Price Analysis Of ATOM On The Daily (1D) Chart
\nDaily Price Chart Analysis For ATOM | Source: ATOMUSDT On Tradingview.com<\/p>\n
The price of ATOM found strong support at around $6.2, with what seems to be an area of interest on the daily chart.<\/p>\n
ATOM bounced from its support, forming a bullish trendline that acts as a support and has continued to maintain this structure.\u00a0<\/p>\n
At the point of writing, the price of ATOM is at $12, trading above the 50 exponential moving averages (EMA), which corresponds to the support at $10.\u00a0<\/p>\n
If the 50 EMA region fails to hold the price, $9 would be a good support to hold sell-offs and for a possible price bounce.<\/p>\n
With more buy bids, we could see the price of ATOM retesting at $16 -$17, which has been resistance on the daily chart.<\/p>\n
The RSI for ATOM price on the daily chart is 65, indicating healthy buy bids for ATOM.<\/p>\n
The volume for ATOM looks good, indicating positive signs for ATOM prices to trend higher.<\/p>\n
\u00a0<\/p>\n
Daily (1D) resistance for ATOM price \u2013 $17.<\/p>\n
Daily (1D) support for ATOM price \u2013 $10, $9.<\/p>\n
Price Analysis Of ATOM On The Four-Hourly (4H) Chart
\nFour-Hourly Chart Analysis For ATOM | Source: ATOMUSDT On Tradingview.com<\/p>\n
The price of ATOM has shown a bullish breakout from a symmetric triangle on the 4H chart, with the price closing above it.<\/p>\n
ATOM has struggled in this region, forming a range in a triangle with price rejecting from $11.5.<\/p>\n
ATOM price is $12, trading above the 50 & 200 EMA with prices of $10.7 and $10 on the 4H chart. These prices would act as support areas for ATOM on the 4H chart.<\/p>\n
\u00a0<\/p>\n
Four Hourly (4H) resistance for ATOM price \u2013 $16.<\/p>\n
Four hourly (4h) support for ATOM price \u2013 $10.7, $10.<\/p>\n
\u00a0<\/p>\n
A break below these support zones could send the price of ATOM to a region of $9, acting as a good support area.<\/p>\n
Featured image from NewsBTC, Charts from TradingView.com\u00a0<\/p>\n
<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-5201","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/5201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=5201"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/5201\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=5201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=5201"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=5201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}