Cosmos Hub Soars Over 5% Within 24 Hours – ATOM Up 13% In Last Week
August 12 2022 - 5:26AM
NEWSBTC
Cosmos (ATOM) coin buyers have clasped on the $10 level as its
support zone. Cosmos (ATOM) coin soars by over 5% as seen in the
past 24 hours. ATOM still fluctuates wildly as observed in the
upwards parallel channel. Coin’s price has made impressive traction
and surged by 13% in the past week. According to CoinMarketCap,
ATOM is having a sweeping uptrend at $12.09 or an impressive spike
of 4.46% as of this writing. Currently, ATOM’s ATH is set at $44.45
which means the bulls have to work a bit harder than usual to push
the price further up. Related Reading: Polygon Maintains Solid
Footing As MATIC Balloons By 300% Since June ATOM’s Trading Volume
Spikes 102.0% In Past Week The daily chart shows the volatility and
price movement for Cosmos Hub (ATOM). Currently, ATOM’s trading
volume has spiked by 102.0% as seen in the past week. The total
circulating supply or volume of ATOM has however dropped by 0.27%.
As of now, ATOM ranks as the 28th largest crypto in terms of the
market cap which is currently at $3.47 billion. It seems the bears
moved away from ATOM as the bulls continue to drive the price
higher. Cosmos Hub has had an impressive rally seen in the past
couple of weeks due to aggressive buying pressure. ATOM coin is
seen to be consistently moving upwards for the past few weeks. More
so, the bulls were also re-energized after they revisited the
coin’s support line. In the event that the buyers breach ATOM’s
resistance zone, the buyers are optimistic about a 60% ROI in the
coming days. Buyers are definitely pushing the price up with $10
poised as the support zone and the $12.5 level as the bullish
hurdle. Cosmos: $20 On Target Buyers are constantly eyeing the next
resistance zone as a breach on this level may propel the asset’s
price to an uptick peaking at $20. ATOM’s market cap has spiked by
4.8% overnight or registered at $3.4 billion. The increase in
trading volume also hints at the surge of buying momentum. ATOM’s
RSI also shows that it was able to break the falling trendline and
near the oversold mark. Moreover, the coin’s MACD also indicates a
bullish movement for ATOM. Buyers are looking forwards to the bulls
breaching and hovering above the resistance zone of $12.5. Despite
the hurdles that the bulls face, buyers are positive that a 60%
spike is possible from the current level and may in fact pump the
price to $20. Related Reading: Cardano Tests $0.51 Support – Can
ADA Reach Safe Zone And Hit $0.67? ATOM total market cap at $3.35
billion on the daily chart | Source: TradingView.com Featured image
from CoinCentral, Chart from TradingView.com
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