COSMOS Price Prediction Today: Daily (ATOM) Value Forecast – July 11

The short and medium-term outlook is in the downtrend.
Traders may consider selling at key previous demand area now support.

ATOM/USD Medium-term Trend: Bearish

Supply zone: $10.00, $12.00, $14.00
Demand zone: $3.00, $2.00, $1.00

ATOM continues in a downtrend in the medium-term outlook. The bears kept the pressure up by attaining the target at $4.50 in the demand area predicted in yesterday analysis.

Price further dropped to $4.19 as the momentum to the downside increased. This was the low of the day before price went up to $4.54 in the supply area. This was a correction to the bears' impulsive movement.

Today 4-hour opening candle at $4.43 was a bullish spinning top as the bulls continued to push price up to $4.61 around the 10-EMA. The bears took over with stronger pressure as the cryptocurrency dropped to $4.08 in the demand area.

The two EMAs are fanned apart which suggest strength in the context of the trend and in this case the downtrend. The stochastic oscillator signal points down at 21%, suggesting a downward continuation in price of the coin the medium-term.

ATOM/USD Short-term Trend: Bearish

ATOM remains in the bearish trend in the short-term outlook. The break in the yesterday target opened the door for the retest at the key demand area of $4.00. The coin low of the day was $4.19 before the minor correction to $4.60 as the market opens bullish today.

A bounce to the downside is expected at the trendline as the bears stage a return. ATOMUSD dropped to $4.08.

Minor correction by the bulls is currently ongoing before the bears' return for continuation to the downside.

Live Cosmos (ATOM) Price:

1 ATOM/USD =$4.7536 change ~ -4.70%

Coin Market Cap

$1.18 Billion

24 Hour Volume

$35.07 Million

24 Hour VWAP


24 Hour Change



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

Get Free Email Updates!

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

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Azeez Mustapha
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

VeChain Joins China Animal Health and Food Safety Alliance (CAFA)

VeChain has joined the China Animal Health and Food Safety Alliance (CAFA) as one of its council members and will be providing them technical...

Coinbase Pro to Pass the Rising Network Fees Onto The Customer During Withdrawals

The launch of UNI, the governance token of Uniswap DEX, is having a big impact on the Ethereum network. The good thing is the price...

Homeland Security Calls On Freelancers to Design A Digital Wallet Interface; $25k to Finalists

The Science and Technology Directorate (S&T) division of the US Department of Homeland Security has allocated up to $25,000 in prizes as an...

BoE Explores Negative Rates; Bitcoin Is A ‘Must' Because Fiat is a ‘Giant Ponzi Scheme'

The Bank of England (BoE) is exploring negative interest rates now and in response Sterling weakened sharply. The pound dropped 0.7% against the dollar after...

Nexus Mutual Sees Active Cover Growing 10x, Now Token Price ‘Directly Linked to Adoption'

“DeFi is developing faster than you can say ‘protect me from the risks in DeFi’,” said Kayleigh Petrie, Director of Engagement at Nexus Mutual,...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today