COSMOS Price Prediction: Long-term (ATOM) Value Forecast – July 13
- ATOM is under selling pressure by the US dollar price worth.
- A line of convergences may occur at $4 price line prior to attempts by the bulls to make a come-back in this crypto-economy.
ATOM/USD Long-term Trend – Bearish
- Distribution territories: $6, $7, $8
- Accumulation territories: $3, $2, $1
The US dollar market worth has further exerted pressure on ATOM after locking it in a lower range spot over a week. The crypto in its depreciation mode has brought down to trade around a low value near $4 price territory.
The 50-day SMA trading indicator has been intercepted from the top by the 14-day SMA. The smaller SMA is pointing to the south a bit over $5 price territory and the bigger SMA lies flatly to point to the east in a close location below $6 horizontal line. The Stochastic oscillators have headed down into the oversold zone.
The bears’ forces in the ATOM/USD market have been notably coming in a slow-moving manner. And, the fact remains that the present downward moves are being allowed to hold in the market until a clear-cut foundation pattern comes to be for the bulls to build their momentum in the long run. A line of convergences may occur at $4 price line prior to attempts by the bulls to make a come-back in this crypto-economy.
Live Cosmos (ATOM) Price:
1 ATOM/USD =$11.9578 change ~ -4.00%
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