COSMOS Price Prediction Today: Daily (ATOM) Value Forecast – June 26
- The short-term is in the uptrend while the medium-term outlook is in a range-bound market.
- Buying opportunities may be considered at keys demand areas with bullish reversal candlesticks.
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 a range-bound market in the medium-term outlook. The bears sustained the momentum down south with an initial drop to $6.49 during yesterday session. Increased momentum made ATOMUSD retested $6.48 as the low before the end of the session.
The formation of a bullish hammer implies gradual bulls return within the range.
With a bullish 4-hour opening marubozu candle at $6.56, confirmation of the bulls take was established.
Price is up at $6.72 above the two EMAs and the signal of the stochastic oscillator points up at 72%. These suggest an upward momentum in price within the range in the medium-term.
ATOMUSD is in consolidation and trading between $7.08 in the upper supply area and at $6.40 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 is in the uptrend in the short-term outlook. The bears lost momentum at the key support level at S6.48 in the demand area as yesterday session ended without price break down. The bulls made a return as the market opens today at $6.55.
The break at the two EMAs confirms the bulls dominance as price shoot up initially to $6.70 and later to $6.77 in the supply area.
Price is above the two EMAs and the signal of the stochastic oscillator points up at 83% in the overbought region an indication of bullish continuation with $6.90 in the supply area as the bulls initial target.
Live Cosmos (ATOM) Price:
1 ATOM/USD =$11.7283 change ~ -6.25%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.