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.

Cosmos:

Live Cosmos (ATOM) Price:

1 ATOM/USD =$19.2971 change ~ -2.48%

Coin Market Cap

$4.79 Billion

24 Hour Volume

$265.68 Million

24 Hour VWAP

$20

24 Hour Change

$-0.48

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide