Cosmos Price Prediction: Long-term (ATOM) Value Forecast – June 1
- OM/USD market operations have been seen trading on a relative increase moving mode since around May 30.
- A line of price pull-downs may occur to give the bulls decent entries from bearish reversal.
ATOM/USD Long-term Trend – Bullish
- Distribution territories: $8, $9, $10
- Accumulation territories: $3, $2, $1
ATOM/USD market operations have been seen trading on a relative increase moving mode since around May 30. In about a few weeks back, the crypto-trade was trading in a range. During a trading session on May 30, the pair experienced a sharp recovery from a low price mark at $3 to now trade around the horizontal market line at $6.
Since then, the 14-day SMA indicator has been trending northwards to affirm the bulls’ presence in the market as the 50-day SMA indicator is located underneath it. The Stochastic Oscillators have dipped into the overbought zone to consolidate in it.
The May 30 market quick recovery has indicated that the bulls have only used the sudden upspring from that price territory at $3 mark to establish their significant come-back in the ATOM/USD trade operation. To be on a safer side in regards to following this market’s bullish trend, traders may have to watch out for a pull-down prior to a reversal to the north to join the trend.
Live Cosmos (ATOM) Price:
1 ATOM/USD =$19.2971 change ~ -2.48%
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