{"id":343216,"date":"2022-08-29T09:42:05","date_gmt":"2022-08-29T13:42:05","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=343216"},"modified":"2024-06-03T12:28:33","modified_gmt":"2024-06-03T12:28:33","slug":"atom-2","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/atom-2","title":{"rendered":"ATOM Price: Can Buyers Prevail Over Sellers? TAMA Is Extremely Cheap Right Now"},"content":{"rendered":"

ATOM is bullish<\/h2>\n

ATOMUSD Price Analysis – August 29<\/h2>\n

Cosmos may break above the resistance level of $13 provided the bulls increase their pressure; above it are $17 and $19 resistance levels. Should the $13 resistance level holds, ATOM may break down the support level at $10 further increase in the bears’ pressure may push down the price to $8 and $5.<\/p>\n

ATOM\/USD Market<\/h2>\n

Key levels:<\/h2>\n

Resistance levels: $13, $17, $19<\/p>\n

Support levels: $10, $8, $5<\/p>\n

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ATOMUSD Long-term Trend: Bearish<\/h2>\n

ATOMUSD is bearish on the daily chart. Cosmos price reached the high of $29 on May 09. The price falls to the low of $8 with strong bearish momentum. The coin pulled back to retest the broken level. Further increase in the sellers’ pressure reduced the price to the $5 support level. The bulls defended the support level of $5, thus, prevented further price reduction. The coin bounced up and broke up the $10 resistance level. Last week, the resistance level of $13 was tested. It is pulling back at the moment.<\/p>\n

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The price is trading below the two EMAs as a sign of bearish movement but the fast Moving Average (9 periods) and the slow Moving Average (21 periods EMA) are interlocked. Cosmos may break above the resistance level of $13 provided the bulls increase their pressure; above it are $17 and $19 resistance levels. Should the $13 resistance level holds, the price may break down the support level at $10 further increase in the bears’ pressure may push down the price to $8 and $5.<\/p>\n

Buy Cosmos Now<\/span><\/a>\n<\/p>

 Your capital is at risk<\/p>\n

ATOMUSD medium-term Trend: Bearish, TAMA Is Extremely Cheap Right Now<\/h2>\n

ATOMUSD is bearish in the 4-hour chart. The coin is experiencing a pressure from the sellers. The bears lost their momentum when the price reaches the support level at $5; the price could not decrease further. At the moment of writing this report, the bears are gaining more momentum to pushing down the coin to break the support level of $10.<\/p>\n

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The two EMAs are separated from each other and the currency pair is hovering below the 21 periods EMA and 9 periods EMA which indicates that bearish movement is in progress. The relative strength index period 14 is at 43 levels and the signal lines pointing up to indicate buy signal.<\/p>\n

Tamadoge (TAMA) is the gateway token of the Tamaverse – where you’ll be able to mint, breed and battle your own Tamadoge pet in the metaverse.<\/p>\n

Related<\/strong><\/p>\n