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Weak bullish activity in the ATOM market
ATOMUSD price analysis – September 23
ATOM may break the $14 resistance level if the bulls increase their pressure; Above it $16 and $18 are resistance levels. If it holds the resistance level of $14, the price may drop to the support level at $13, further bearish pressure may bring the price down to $8.
ATOM/USD market
Key steps:
Resistance levels: $14, $16, $18
Support levels: $13, $10, $8
ATOMUSD Long Term Trend: Bullish
ATOMUSD is highlighted on the daily chart. The cryptocurrency will break below $5 when the bearish momentum fails on June 18. Buyers dominated the market and the price rose sharply to $13. It will break the $13 resistance level as the bulls gain more pressure. It topped the $16 level on September 09 and tested it.
The price is trading above the two EMAs, which is a bullish signal, but the fast moving average (9 periods) and the slow moving average (21 periods EMA) are separated. Cosmos may break the $14 resistance level if the bulls increase their pressure; Above it $16 and $18 are resistance levels. If it holds the resistance level of $14, the price may drop to the support level at $13, further bearish pressure may bring the price down to $8.
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ATOMUSD medium-term trend: Bullish, Tamadoge is getting stronger
ATOMUSD is bullish on the 4-hour chart. When the bears lost their momentum at the $5 level, the price could not fall further. The pressure of buyers raised the price to 16 dollars. Now the mentioned level holds and there is no sufficient motivation from the sellers to push the price. This situation resulted in a differential movement between the $16 and $14 levels.
The two EMAs are close to each other and the currency pair is trading around the 21-period EMA and 9-period EMA, indicating that a reversal movement is underway. The relative strength index consists of 14 levels of 46 levels and downward pointing signal lines to indicate a sell signal.
Tamadoge Head of Development Carl Dawkins spoke at the blockchain and NFT conference as part of London’s Metaverse Week on Saturday, attended by several other TAMA owners. New crypto token pre-sales and ICOs can often outperform bearish market conditions, even if their opening date is red – investor sentiment, tokenism and optimism are high in the early stages of a new crypto project.
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