• ATOM/USD is currently priced at $19.98 and has risen 10.05% over the past day
• Technical indicators suggest a positive near-term outlook
• Trading volumes increased by 29.67% in the last day
Short-term view: Cosmos trading in the spotlight today; more benefits expected
The Cosmos price today is $19.98 with a 24-hour trading volume of $563,637,113. We update our ATOM price in USD in real time. Cosmos is up 10.05% in the past 24 hours. Trading volumes have increased over the past day amid increased investor activity, while the volume-to-market cap ratio stands at 0.09849 for the altcoin.
Cosmos coin price is trading above the crucial SMAs (20, 50), indicating a strong bullish alignment in its chart. In addition, they will also provide dynamic support for the price of short-term assets. If the upward move continues, the next closest resistances would be at $25.10. Technical indicators support continued bullishness and a potential breakout. However, if the downtrend resumes, the bulls will find it difficult to defend the support level placed at $17.75.
Long term vision for Cosmos
The Cosmos Coin price analysis daily chart shows a good rally on the bullish side, with technical indicators validating as such. The RSI is currently trading at 40.17, and although it is still in the neutral zone, its sharp curve indicates increased buying activity in the market, which helps the price function move. to the top. The MACD indicator signals the possible development of a bullish crossover on the daily chart if the bulls maintain pressure. The red histograms would give way to green if the bulls were successful in their endeavors.
Cosmos Coin price action is seeing a dramatic increase in buying pressure as the price broke above the resistance trendline and towards the $20 mark. In a nutshell, Cosmos’ technical analysis shows a high probability of a move towards the $25 mark.
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