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