💼 Valery Smal, one of the leading crypto traders, announced a possible rise in the cost of the ATOM token to $10.
The expert found a falling wedge pattern on the current chart, which indicates a potential increase in the value of ATOM. His preference is for slightly bolder forecasts ranging from $15 to $18, while other experts see significant growth in the $15 to $18 range. Based on their view, the current ATOM price movement looks like a pullback aimed at providing market liquidity.
⏰ Over the past 24 hours, the price of ATOM has remained virtually unchanged, but over the previous week the token showed a slight increase of only 0.6%. The cryptocurrency has established support at $8.74, which is the point at which downward pressure may be limited. The resistance level is at $9.78, where the upward movement may face some obstacles.
💡 Despite recent events, Cosmos continues to attract the attention of traders and investors. ATOM has recorded 16 green days in the last 30 days, but is currently trading below the 200-day simple moving average and has suffered a significant decline of 79% from its all-time high. All this indicates that the forecast is controversial.
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Note: This article is based on the opinion of a crypto trader and does not constitute financial advice. Before making an investment decision, it is recommended that you consult with a professional and conduct your own research.
