Cosmos Price Prediction Today: Daily (ATOM) Value Forecast – July 10


  • The short and medium-term outlook is in the downtrend.
  • Responsible selling may be considered.

ATOM/USD Medium-term Trend: Bearish

Supply zone: $10.00, $12.00, $14.00
Demand zone: $4.00, $3.00, $2.00

ATOM is in a downtrend in the medium-term outlook. The lower demand area of the range at $5.00 was broken during yesterday session with a large marubozu candle. Price fell to $4.88 in the demand area.

A retest of the broken demand area occurred before the end of the day as the bulls pushed price back up to $5.07 and the candle closed as an inverted hammer, a trend reversal signal.

This was a correction and confirmation of the bearish continuation in the medium term. The bears sustained the momentum as the market opens today at $4.97.

Price is down to $4.74 the stochastic oscillator signal points down at 6% in the oversold region, suggesting a downward continuation in price of the coin the medium-term. $4.50 in the demand area is the bears' initial target.

ATOM/USD Short-term Trend: Bearish

ATOM is in the bearish trend in the short-term outlook. The bears made a comeback after bullish exhaustion at $5.07 as the market opens today at $5.05. ATOMUSD plunges to $4.74 in the demand area due to strong pressure on the cryptocurrency by the bears.

The signal of the stochastic oscillator signal points down at 4% in the oversold region and price is below the two EMAs, an indication of downward momentum in price.

$4.70 in the demand area is a key demand area, as the bears keep the pressure up.

Live Cosmos (ATOM) Price:

1 ATOM/USD =$19.0937 change ~ 1.31%

Coin Market Cap

$4.74 Billion

24 Hour Volume

$128.05 Million

24 Hour VWAP

$19

24 Hour Change

$0.25

 

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

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