COSMOS Price Prediction Today: Daily (ATOM) Value Forecast – June 13
- The short-term outlook is in bullish trend while the medium-term outlook is in a range-bound market.
- Traders may consider buying in the key area.
ATOM/USD Medium-term Trend: Ranging
Supply zone: $10.00, $12.00, $14.00
Demand zone: $4.00, $3.00, $2.00
ATOM continues in consolidation in the medium-term outlook. The bulls maintained the journey toward the upper supply area with a yesterday closing price above the 10-EMA at $6.10. The cryptocurrency rose to $6.16 in the supply area shortly after today’s opening. Increased momentum pushed price further up at $6.38.
Price is above the two EMA and the signal of the stochastic oscillator points up at 79%. These suggest bullish continuation in the range.
ATOMUSD is in consolidation and trading between $6.60 in the upper supply area and at $5.59 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.
ATOM/USD Short-term Trend: Bullish
ATOM continues in the bullish trend in the short-term outlook. The bullish momentum was briefly lost after the cryptocurrency rose to $6.25 in the supply area during yesterday session. The drawdown by the bears was terminated at $6.04 in the demand area due to the 50-EMA which acted as strong support.
The break at the two EMA shows the bulls are backed as price soars to $5.88 during today’s session.
The stochastic oscillator confirms the uptrend as it signal points up at 83% in the overbought region and price is above the two EMA that are fanned apart indicating strong bullish pressure.
$6.50 in the supply area is on the card as the bulls' pressure becomes stronger with more candles opened and closed above the two EMAs.
Live Cosmos (ATOM) Price:
1 ATOM/USD =$23.9530 change ~ -2.83%
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