COSMOS Price Prediction Today: Daily (ATOM) Value Forecast – July 25
- The short and medium-term outlook is in a downtrend.
- Responsible selling may be considered.
ATOM/USD Medium-term Trend: Bearish
Supply zone: $10.00, $12.00, $14.00
Demand zone: $3.00, $2.00, $1.00
ATOM is in a bearish trend in the medium-term outlook. The rally was cut short at $4.01 in the supply area during yesterday session as price fell to $3.80 in the demand area before the session ended. The bulls manage a comeback as the market opens today at $3.87 with a brief push of pric e to $3.77 in the supply area.
The exhaustion at the trendline suggests the bears' gradual return with a drop to $3.89. The pressure on the coin by the bears is strong hence the break of the support the 10-EMA.
The cryptocurrency is currently at $3.79 as its journey to $3.60 in the demand area which is confirmed by the signal of the stochastic oscillator pointing up at 65% and price is below the two EMAs. The downward momentum may be sustained in the medium-term.
ATOM/USD Short-term Trend: Bearish
ATOM continues in a bearish trend in the short-term outlook. The key supply area at the 50.0 fib which is at $4.01 in the supply area continues to be a strong resistance against upward price movement during yesterday session.
Despite a bullish opening today at $3.89 and a rally to $4.02 around the 50.0 fibs, rejection occurred the second time as the coin fell to $3.88 In the demand area.
Price is within the two EMAs and the signal of the stochastic oscillator points down at 40% as an indication of downward momentum in the short-term. $3.65 in the demand area may be retested and subsequently broken as the pressure on the coin by the bears becomes stronger and more candles opened and closed below the EMAs.
Live Cosmos (ATOM) Price:
1 ATOM/USD =$8.1419 change ~ -4.49%
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