COSMOS Price Prediction: Long-term (ATOM) Value Forecast – July 27
- ATOM/USD market's line has remained closely hovering around $4 mark over a week.
- Strong price action needs to emerge between the $4 and $3 price territories to break upward to have a sound signal to nurse an upcoming of a bullish market afterward.
ATOM/USD Long-term Trend – Ranging
- Distribution territories: $6, $7, $8
- Accumulation territories: $3, $2, $1
The long-term trading chart shows that ATOM/USD market has not done yet moving in a range that it had last week. Until the present trading time, the crypto’s market line has remained closely hovering around $4 mark.
The 14-day SMA indicator has trended to find a location at the $4 point of the market operations underneath the 50-day SMA; which is a bit over $5 market’s value. The bigger SMA still indicates that the current range price moves tend to persist as it has only bent slightly towards the south direction.
Indications are back that the ATOM/USD bears yet to hold down the crypto's value with a lesser force being exerted over. And, that pattern of trading activities may be on until the next sessions as long as the smaller trend-line remains unbroken northwards. Strong price action needs to emerge between the $4 and $3 price territories to break upward to have a sound signal to nurse an upcoming of a bullish market afterward.
Live Cosmos (ATOM) Price:
1 ATOM/USD =$27.3643 change ~ -5.29%
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