The Cosmos 9ATOM) price prediction is seen breaking above the $0.40 resistance level as ATOM touches the daily high.
Cosmos Prediction Statistics Data:
Cosmos price now – $14.9
Cosmos market cap – $4.2 billion
Cosmos circulating supply – 286.3 million
Cosmos Coinmarketcap ranking – #21
Resistance levels: $17, $18, $19
Support levels: $12, $11, $10
ATOMUSD – Daily Chart
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ATOM/USD is seen refreshing to a new daily high as the coin spikes to the upside to trade close to the resistance level of $16. However, the coin is currently trading at $14.9 with a bullish movement towards the upper boundary of the channel. Meanwhile, if the Cosmos price slides below the 9-day and 21-day moving averages, sellers may attempt to return to the market, but the bulls are likely to collect more on the price dips.
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The Cosmos price can only maintain the uptrend if the newly touched $15.2 resistance level is maintained at all costs. At the time of writing, the technical indicator Relative Strength index (14) is to cross above the 60-level to create more bullish signals in the market, and this could encourage more buyers to enter the market. However, Cosmos (ATOM) may continue to maintain an uptrend as soon as the coin heads toward the upper boundary of the channel.
Nevertheless, as long as the red line of the 9-day MA remains above the green line of the 21-day MA, the coin may continue to perform well and the price of Cosmos may reach the resistance levels at $17, $18, and $19 respectively. Meanwhile, if the technical indicator decides to make a quick turn to the south, there may be a slight bearish drop which could roll the market down to the support levels of $12, $11, and $10 respectively.
Against Bitcoin, the Cosmos price is hovering above the 9-day and 21-day moving averages as the price touches the daily high at 7741 SAT. However, the technical indicator Relative Strength Index (14) is likely to cross into the overbought region as the coin aims for more uptrends.
ATOMBTC – Daily Chart
Moreover, as seen on the daily chart, the potential resistance level is located at 8400 SAT and above but a lower sustainable move may likely cancel the bullish pattern and could attract new sellers coming into the market with the next focus on the support level of 6000 SAT and below.
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