COSMOS Price Prediction Today: Daily (ATOM) Value Forecast – July 4


The short and medium-term outlook is in a range-bound market.
Patience is required at this period.
ATOM/USD Medium-term Trend: Ranging
Supply zone: $10.00, $12.00, $14.00
Demand zone: $4.00, $3.00, $2.00
ATOM is in a bullish trend the medium-term outlook. The bulls made a comeback after $5.36 in the demand area during yesterday session with the candle closing above the 10-EMA. Price rose from $5.51 in the supply area to $5.65 as the high of the day.
Today 4-hour opening candle at $5.60 closed as an inverted hammer. This returned the bears briefly to the market as price drops to $5.53 before the bulls regained control and continue the upward journey.
Price is up at $5.79 above the two EMAs and the signal of the stochastic oscillator is pointing up 87% in the overbought region suggesting further upward movement in price with more candles opened and closed above the two EMAs.
$4.50 in the demand area remains the bears' target in the medium-term.
ATOM/USD Short-term Trend: Bullish
ATOM is in the bullish trend in the short-term outlook. The rejection at $5.36 in the demand area for downward price movement retuned the bulls during yesterday session. ATOMUSD rose to $5.62 before the end of the session.
The bulls sustained the momentum as the market opens today at $5.63 with the coin up at $5.74 in the supply area after brief drawdown to $5.53 around the trendline area.
The stochastic oscillator signal points up at 63% and the price is above the two EMAs, an indication of upward momentum in price of the coin with an increase in the bears' momentum in the short-term.
$5.90 in the supply area is on the horizon for a retest as pressure by the bulls becomes much stronger.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Live Cosmos (ATOM) Price:

1 ATOM/USD =$8.2187 change ~ -3.72%

Coin Market Cap

$2.04 Billion

24 Hour Volume

$95.32 Million

24 Hour VWAP

$8

24 Hour Change

$-0.31

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