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The overall outlook for the ATOM/USD market is bullish. As the market progresses, price support levels increase. Also, price protection levels are reaching new highs. On the line, sellers push the market at a very strong pace. But they couldn’t keep pushing the market. Therefore, buyers are pulling.
Cosmos Market Value Statistics:
- ATOM/USD price now: $13.94
- ATOM/USD market value: $3,992,881,704.57
- ATOM / USD circulating supply: 286,370,297
- ATOM/USD Total Supply: No data.
- ATOM/USD Coin Market Rank: #20
Key steps
Deal: $15.000, $15.500, $16.000
Support: $13,500, $13,000, $12,500
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Cosmos Market Value Analysis: Indicators View
Overall, the cosmos market is on a high. Support and resistance trends are trending higher, but lately, we see very bearish candles on the chart. And this kind of candle is causing the two trend lines to diverge from each other (go farther and farther apart).
It means sellers are gathering strength to push the market. In support of this observation, the MACD line has crossed the signal line and both lines are now changing their direction to lower levels. Also, negative histograms show strong selling pressure. In the RSI, the line moves at 52% while the signal line occupies 61%. The RSI shows that the buyer can still get their ground back.
Cosmos: ATOM/USD 4-hour chart view
The moving average convergence and divergence of this time frame shows that the bear momentum is already slowing down and giving way to a bullish market. But with continued bearish ‘returns’, the market may be setting up for a bearish reversal soon. The fight is fierce, but now the bulls have the upper hand.
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