ATOM/USD Ready for $35 Resistance – Cryptovibes.com – Daily Cryptocurrency and FX News
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Cosmos Price Analysis – March 29
After breaking above the 9-day and 21-day moving averages, the Cosmos price may continue to rise.
ATOM/USD Market
Key Levels:
Resistance levels: $38, $40, $42
Support levels: $22, $20, $18
ATOM/USD is currently trading at $30 after confirming a daily uptrend and climbing above the 9-day and 21-day moving averages. However, in case the buyers were able to push the price above the resistance level of $35 and the daily candlestick closes above this level, the price may cross the upper boundary of the channel.
Cosmos Price Analysis: Cosmos May Blow Hot
Looking at the daily chart, the 9-day moving average is slightly trading above the 21-day moving average and the coin is likewise trading close to the resistance level of $32 which connotes that the buyers are currently gaining upper hand in the market. The technical indicator Relative Strength Index is likely to cross above 60-level, with the signal line pointing up to indicate a buy signal.
In the meantime, in case the buyers were able to push the price above the resistance level of $35, and the daily candlestick closes above this level, then, the Cosmos price may rally towards potential resistance levels of $38, $40, and $42 while crossing below the moving averages may visit the supports at $22, $20, and $18 respectively.
ATOM/BTC Market: May Face the Upward Movement
When compared with Bitcoin, the coin moves downward, but if the market follows a bullish surge, the price of Cosmos may swing high to the resistance level of 745 SAT and above. On the other hand, if the market price stays below the 9-day and 21-day moving averages, it could reach the support level of 540 SAT and below.
However, the technical indicator Relative Strength Index (14) is above the 40-level as the signal line points to the north to assure the bullish movement.
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