Cosmos Recaptures $14 As Worth Grows; Will Bulls Push To A Excessive Of $17?

ATOM’s value exhibits power because it bounces from a downtrend vary value rallied to a excessive of $14 with eyes set on $17.
ATOM might rally extra as the worth creates extra bullish bias by breaking out of a downtrend descending triangle with eyes set on rallying larger.
ATOM’s value stays sturdy on the each day timeframe above the 50 Exponential Shifting Common (EMA) as the worth goals for extra rallies.

The value motion displayed by Cosmos (ATOM) has been super as the worth resisted the bears rallying from a area of $12.7 to a excessive of $14, reclaiming a significant assist space it has constructed previously few weeks. The crypto market is wanting more and more welcoming as many altcoins proceed producing over 50% positive aspects. The likes of DOGE have seen some nice runs just lately, rallying from a low of $0.055 to a excessive of $0.15, with many others as Cosmos (ATOM) continues to guide the cost for extra value recoveries. (Information from Binance)

Cosmos (ATOM) Worth Evaluation On The Weekly Chart

Cosmos (ATOM) has struggled to regain its bullish momentum in current instances; regardless of the uncertainty that has befallen the crypto house, the worth of ATOM has loved a measure of reduction after exhibiting a lot power on the weekly low, rallying from a low of $12.7 to a excessive of $14 and recapturing this area because it varieties key assist for extra potential to rise larger.

The previous weeks have been nothing in need of a boring and troublesome second for the crypto market as this affected the worth of most altcoins negatively, forcing them to lose their assist zone, with others battling it to remain afloat of their value.

After its weekly shut of above $13.5, ATOM’s value regarded stronger as the worth of ATOM equipped for extra upside value strikes.; the worth has confronted a minor rejection to interrupt larger to a area of $17.

Weekly resistance for the worth of ATOM – $17.

Weekly assist for the worth of ATOM – $13.5.

Worth Evaluation Of ATOM On The Every day (1D) Chart

Every day ATOM Worth Chart | Supply: ATOMUSDT On Tradingview.com

Within the each day timeframe, the worth of ATOM continued to look sturdy as the worth broke out of its descending triangle, with good quantity rallying to a excessive of $14 and forming good assist round $13.5 beneath its present worth of $14.1. Nonetheless, the worth of ATOM faces a bit rejection; the worth of ATOM wants to interrupt and maintain above $14.5 for the worth to turn out to be extra bullish as soon as extra.

The value of ATOM faces a resistance to interrupt and maintain above 200 EMA, which corresponds to $14.5. A break and shut above this area might ship the worth of ATOM to a area of $17 and presumably a retest of $20 area performing as a provide zone.

Every day resistance for the ATOM value – $14.5.

Every day assist for the ATOM value – $13.5.

Featured Picture From Blockchain Information, Charts From Tradingview