您现在的位置是:Cosmos (ATOM) shows signs of bullish reversal >>正文
Cosmos (ATOM) shows signs of bullish reversal
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛64589人已围观
简介Cosmos (ATOM)has largely outperformed the entire crypto market. The coin did however come under seri...
Cosmos (ATOM)has largely outperformed the entire crypto market. The coin did however come under serious selling pressure over the last few days. However, it seems from chart readings that signs of a bullish reversal are there. But what do other indicators say about ATOM? Here are some highlights:
At the time of writing, ATOM was trading at $28.95, up nearly 4% in 24-hour intraday trading.
The recent consolidation in price may suggest that ATOM is about to see a bullish reversal
But the coin is still trading lower than its 100-day Simple moving average, albeit slightly.
Data Source: Tradingview.com
Can ATOM Surge in the coming days?
Well, for most coins, there is always a point of price consolidation before any rally. This is the case with ATOM over the last few days. However, the coin is still way lower from its 20-day simple moving average of around $37. It is however slightly off its 100-day SMA.
With this in mind, it is clear that the coin is still in the bear market territory. If indeed there is going to be a decent surge upwards, then ATOM must consolidate above $33 and retest the 20-day SMA in the near term. Although we are seeing some signs of upward movement, the coin has not surged fast enough to get to $33 anytime soon.
Should you buy Cosmos (ATOM)
ATOM is one of the most interesting and perhaps even the most promising blockchain projects right now. It has a huge base of trusted investors and gets very good press in the media as well.
If you were to put together a list of the top 5 blockchains to watch, Cosmos will be among them. It is based on this that its native token, the ATOM is a very decent buy, especially for the long term.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/32396.html
相关文章
Binance ends support for Litecoin deposits and withdrawals using MimbleWimble
Cosmos (ATOM) shows signs of bullish reversalAccording to an announcement made today by Binance on its website, the crypto exchange will end the...
阅读更多
TCT is skyrocketing, up 42%: here’s where to buy TCT
Cosmos (ATOM) shows signs of bullish reversalAt the time of writing, theprice ofTokenClub’scoin TCT was$0.028with a 24-hour trading volume...
阅读更多
Waves fast recovery could push the token towards $12
Cosmos (ATOM) shows signs of bullish reversalAs the crypto market starts to rally, several major coins have reported modest gains. However, Waves...
阅读更多
热门文章
- SafeAI is on a mission to automate mining and construction
- Helium’s bullish alignment could trigger an 85% rally
- Showing the colored world of animals via a new camera system
- Ethereum (ETH) could bounce back to $3800
- Intel's take on the automotive industry with AI innovations
- Bitcoin Price Posts Brief New All
最新文章
Zilliqa price prediction for May 2022: Will it rebound?
LINK sets a new all
Brazil and the Central African Republic latest countries to pass crypto bills
Who are WallStreetBets? They are here to stay!
Lacoste launches NFT collection as it expands into Web3
Top crypto price predictions: Zilliqa and Near Protocol