COSMOS Price Prediction Today: Daily (ATOM) Value Forecast – June 27
- The short and medium-term outlook is in a bearish trend.
- Responsible selling recommended.
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 downward trend in the medium-term outlook. The bulls lost momentum at $6.86 during yesterday session with the candle closing with a wick an indication of exhaustion. The bears' gradual returns were signified by the bearish marubozu that broke the two EMAs crossover as price drops to $6.86.
The lower price range at $6.40 was broken with a large candle as the bears mount further pressure on the cryptocurrency. ATOMUSD fell to $4.78 in the demand area before the close of yesterday session.
The bears sustained the momentum as the market opens today at $6.28. Price dropped down to $6.86 in the demand area as the journey down south continues.
$4.50 in the demand area is the bears' target in the medium-term.
ATOM/USD Short-term Trend: Bearish
ATOM is in the bearish trend in the short-term outlook. The successfully took over the control of the market before the close of yesterday session with the break at the support of the EMAs crossover at $6.53. $6.86 was the low of the day.
Today’s 1-hour at $6.21 sustained the bears' dominance. ATOMUSD fell to $5.50 in the demand area as minor correction by the bulls takes place.
With price below the two EMAs and the stochastic oscillator signal points down at 53% it suggests downward continuation in the price of the cryptocurrency as the bears' pressure becomes stronger in the short-term.
Live Cosmos (ATOM) Price:
1 ATOM/USD =$25.3885 change ~ -6.07%
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