• Cosmos market worth has been under pressure by the valuation of the US dollar price.
• The ATOM/USD market bears may only still have the ability to push the market in a range moving manner to the south with weak forces.

ATOM/USD Long-term Trend – Bearish

• Distribution territories: $8, $9, $10
• Accumulation territories: $4, $3, $2

The market worth of ATOM/USD initially moved in a range between June 23 and 25. The pair dropped sharply on June 26 to slightly break through a low price territory at $5 mark. The falling process also saw a notable pull-up a bit over the horizontal market line at $6. But, the US dollar still prevails on the market’s base cryptocurrency to trade towards the $5 low point once again in the market.

The 50-day SMA is flatly lying above the 14-day SMA as it also points to the east. Presently, the market has been trading around the smaller SMA indicator’s trend-line a bit below the $6 market line. The Stochastic Oscillators have closed hairs a bit below range 60. That could suggest the possibility of witnessing a short line of choppy price movements in the market.

The major market’s line currently that the ATOM/USD market would now to face in its trading is the $6 mark. The bulls need to breakout past the market territory to have a better head-up in their subsequent northward price movements. Meanwhile, the bears may only still have the ability to push the market in a range moving manner to the south with weak forces.

Cosmos:

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