Cosmos (ATOM), one of the relatively quiet names of the major coins, pleased both its ecosystem and its investors with its latest price movement.
ATOM, which remained in the background compared to a large part of the altcoin market, especially the major coins, finally started to make the expected movements. ATOM, which turned its direction upwards with the momentum it gained from a critical support level, managed to rank third in the “Top Risers” list with an increase of nearly 10 percent in a short time. Can this move on the major coin side be permanent? What is the latest situation in terms of technical analysis?
By making a correction, he spotted a critical resistance!
During the rise of BTC from $28,000 to $38,000, major coins such as SOL, AVAX, and XRP showed themselves. These projects, which are generally adopted by crypto investors as a safe haven, have increased more steadily and in volume compared to the majority of altcoins. ATOM, which remained almost completely silent on these rises, said with its latest move, “I’m here too.”
ATOM, which found a buyer at $ 9,825 as of the writing of the news, may catch the wick even more when it exceeds $ 10,199. With the breakdown of this level, which has been a solid support/resistance in the past, a move towards 10,199 – 10,68 – 11,578 – 12,708 and 13,432 dollars can be seen, respectively. Failure of the Cosmos ecosystem to improve, BTC retreating to $35,000 or an industry-wide Fud news could bring the price up to $9,336 – 8,265 – 7,576 – 7,095 – 6,305 – 5,882 and $5,564 respectively.
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