ATOM/USD Conquers $13.000 Resistance Level
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The $13.000 price resistance level is the key price level for the Cosmos market. The price fell below this price level on September 28th. Since then, the price has not been able to break the resistance levels, for example, the bulls have formed very strong support on Oct 1 and he on Oct 2, so the $13,000 resistance has charged at his level. used it to However, buying pressure gradually diminishes with each daily trading session as price action approaches the price levels.
Cosmos Market Price Statistics:
- Current ATOM/USD Price: $ 13.3178
- ATOM/USD Market cap: $3,753,005,363
- ATOM/USD Circulating Supply: 286,370,297.00
- ATOM/USD Total Supply: Not Available
- ATOM/USD Coin Market Ranking: 21st
key level
- Resistance: $13.500, $14.000, $14.5000
- Support: $12.000, $11.500, $11.000
Cosmos Market Price Analysis: Indicator Perspective
Since October 10, when the Cosmos price rejected at the $13.000 price level, the Bollinger Bands have been on a downtrend since the general direction of the indicator has tilted and moved slightly downwards. is showing. Buyers were finally able to ease the selling pressure on October 13th. And we were able to form a new price support on October 14th. However, this did not change the direction of the Bollinger indicator. The bulls finally got the upper hand on Oct. 25 and after establishing the price support level (then), in today’s market he dominated the market until he finally broke the $13,000 resistance level. did.
ATOM/USD 4-Hour Chart Outlook
Yesterday’s last 4-hour trading session was hijacked by the bears. The bulls initially dominated the market as the price climbed to $13.57 before the bears overtook it. However, his next three sessions in today’s market are bullish. The bulls are now trying to break the new $13.57 resistance level.This decisive effort in the bull market will establish ATOM/USD above his $13,000 price level.
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ATOM/USD Conquers $13.000 Resistance Level
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