Today, the crypto market is showing mixed signals. Top currencies like BTC, ETH, XRP have seen a minor gain in their prices. However, some currencies are standing strong and have a steady growth rate. The Cosmos (ATOM) coin is one such currency.
At the time of writing this, the Cosmos coin price has increased by 10.21% against the USD, trading at$2.84 USD. In terms of ATOM/BTC, the price surged by 10.32% trading at 0.00037557 BTC.
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Currently, the coin is ranking at 24th position, holding market cap $542,187,193 USD with $269,032,876 USD 24-hour volume and 190,688,439 ATOM circulating supply.
Cosmos is looking bullish as the MACD indicator is teasing a bullish crossover soon. Additionally, the price has formed a symmetrical triangle and is very close to a breakout point. If it is a bullish breakout, the price target is $2.2, else, $1.63.
Technical Analysis
- The Relative Strength indicator has turned bearish on the one-hour time frame which is below 50 levels.
- The MACD indicator has turned bearish on the one-hour time frame and continues to issue a sell signal.
- The Parabolic SAR markers were below the candles and showcased a bearish market.
What do you think of this Cosmos price analysis? Will ATOM price climb the market capitalization list and enter among the top 20? Let us know your views on Facebook and Twitter pages.
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