COSMOS Price Prediction Today: Daily (ATM) Value Forecast – June 10
- The short and medium-term outlook is in a downtrend.
- Responsible selling may be considered.
ATM/USD Medium-term Trend: Bearish
Supply zone: $10.00, $12.00, $14.00
Demand zone: $4.00, $3.00, $2.00
ATOM remains in the downtrend in the medium-term outlook. The bears' pressure returned after the brief bullish run at $6.50 in the supply area. This was a bounce off the trendline on 7th June and the coin to $5.95 in the demand area above the support at 50-EMA.
With increased momentum and breakdown at the 50-EMA support, the bears continued the journey down south during yesterday session with a new low at $6.15 in the demand area.
Price is below the two EMA and the stochastic oscillator signal points up at 29%. This suggests a minor push up possible to the trendline may occur before the downtrend continuation.
ATM/USD Short-term Trend: Bearish
ATM continues in the downtrend in the short-term outlook. The journey down south began shortly after the bullish exhaustion and the break at the trendline of the bearish flag at $6.13. $5.66 in the demand area was the cryptocurrency low of the day during yesterday session.
Today 1-hour opening candle at $6.50 was bullish an indication the market is in control of the bulls which may lead to a brief push up in price to the 50-EMA a strong resistance before momentum loss and subsequently the bears return.
$5.60 in the demand area may be retested as the bear pressure becomes stronger with more candles opened and closed below the two EMAs.
Live Cosmos (ATOM) Price:
1 ATOM/USD =$18.8069 change ~ 3.71%
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