您现在的位置是:Cosmos is taking a breather after 34% gains in a week >>正文
Cosmos is taking a breather after 34% gains in a week
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛9人已围观
简介Cosmos has a cool 34% gain in 7 daysThe cryptocurrency could correct after the latest gainsInvestors...
Cosmos has a cool 34% gain in 7 days
The cryptocurrency could correct after the latest gains
Investors should look to add positions on a retracement
Many cryptocurrencies have returned by double digits in the past week. As a result, you expect some corrections as buyer exhaustion settles in. An increase in the number of traders taking profits could also lead to corrections. For short-term traders, knowing when to exit is as important as the entry itself. Cosmos token ATOM/USD is one that investors should be keen on.
A return of 34% in the past week is no mean achievement for Cosmos token. It reveals that investors still believe in the self-proclaimed “Internet of blockchains.” There is no doubt that, given the recent gains, more investors will get in. That will fuel an explosive rise in ATOM price. Similarly, ATOM is a crypto to hold if you are looking for longer-term value.
However, ATOM is set for a correction after the latest gains. Technical indicators show where to buy next.
Cosmos hits a minor resistance as the price corrects slightly
Source – TradingView
Technically, ATOM trades at a minor resistance of $10. The level coincided with almost overbought conditions from the RSI reading of 65. There is no doubt that the cryptocurrency can break the minor resistance due to its recent strengths. However, we urge that it is a level of interest to short-term traders. Exiting positions at the level will allow entry again at the $8.8 support. The cryptocurrency is still a hold in the long term.
Concluding thoughts
Cosmos token remains strong despite hitting resistance at $10. The resistance could force a correction back to the $8.8 support. Short-term investors can exit and buy lower. ATOM is still a hold for long-term investors.
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/473898.html
相关文章
Decentralized wireless network operator World Mobile to launch African expansion
Cosmos is taking a breather after 34% gains in a weekWorld Mobile successfully completed field tests of its DeWi technology in three African countries.Th...
阅读更多
FTX lured African students with high pay to recruit colleagues, report
Cosmos is taking a breather after 34% gains in a weekCollapsed FTX lured African students to become its ambassadors.The Ambassadors were paid to teach ne...
阅读更多
DigiToads (TOADS) vs. Shiba Inu (SHIB) and Pepe (PEPE)
Cosmos is taking a breather after 34% gains in a weekDigiToads is setting itself apart as a unique project in the meme coin ecosystem.Shiba Inu and Pepe...
阅读更多
热门文章
- US Approves Bills To Drive Adoption Blockchain
- Bitcoin would make a new high for the year if the S&P 500 index bounces from the lows.
- Kazakhstan Generates $700M Investment In Crypto Mining
- Scott Minerd makes a bearish prediction for Bitcoin
- FinCEN fines a Bitcoin mixer operator a $60 million civil money penalty
- Hedera, Fantom, XRP, Filecoin prices rise as US inflation dips
最新文章
Kraken introduces new listings against AUD/GBP fiat pairs
XRP army looks to pump price to $1.00
MetaZone Secures Funding to Expand the World’s First Tokenized App Platform for the Metaverse
Is Bitcoin Going Mainstream?
Bitcoin is rallying due to interest rate forecasts, says Coinjournal’s Dan Ashmore
WOO, Conflux, KAVA prices lead gains as bank stocks plunge