ATOM Price Analysis
Despite a 1.12% gain on Monday, Cosmos (ATOM) has failed to break above the 20-day moving average. The asset has been trading between resistance and support levels. However, after a slight decline on Tuesday, sellers pushed ATOM below the $6.50 support level and the price stabilized at $6.37. On Thursday, ATOM continued to fall, falling more than 6% below $6 to close at $5.99. In the current trading session, the price has fallen a staggering 11.24% with sellers firmly in control.
However, looking at the price chart, ATOM has managed to recover from the daily low of $5.06, indicating demand around $5. The RSI also suggests that it has now fallen into the oversold zone and a recovery is just around the corner. If ATOM price rises, we may see a breakout above $5.50. A close above this level could push the price towards $6. To learn more about the relevant knowledge and cutting-edge information of the cryptocurrency circle, click on the avatar to view the homepage introduction. With twelve years of professional investment research, you will be our 24-hour wealth appreciation expert, providing free guidance!
