ATOM/USD Holds the Intraday Gains at 5.12% – Cryptovibes.com – Daily Cryptocurrency and FX News
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ATOM Price Analysis – February 15
The Cosmos price keeps the intraday gains of 5.12% as the coin plans to cross above the moving averages.
ATOM/USD Market
Key Levels:
Resistance levels: $35, $37, $39
Support levels: $22, $20, $18
ATOM/USD is getting ready to cross above the 9-day and 21-day moving averages as the coin trades in green. The cryptocurrency market corrects itself like Bitcoin and other top coins. ATOM/USD is making a slight increase from $27.1 to a peak of $29.0 with a gain of 5.12%. The Cosmos (ATOM) is currently hovering at $28.5, preparing to cross above 9-day and 21-day moving averages.
Cosmos Price Analysis: What to Expect from Cosmos (ATOM)
The Cosmos price is one of the few digital currencies that keep the intraday gains at the time of writing. Looking at the daily chart, a correction below the lower boundary of the channel could pave the way to the support levels of $22, $20, and $18 respectively.
On the downside, the immediate resistance is above the 9-day and 21-day moving averages. It is important to note that $30 is a key level of resistance, while the main resistance levels could be located at $35, $37, and $39 as the technical indicator Relative Strength Index (14) moves to cross above the 45-level to indicate more bullish signals.
ATOM/BTC Market: Price May Consolidate to the Upside
Against Bitcoin, the market price is hovering below the 9-day and 21-day moving averages, currently trading at 648 SAT and expecting a break to the upside. Looking at the chart, if the coin can make a cross above the moving averages, the bulls may end up dominating the market.
However, if the price drops below the lower boundary of the channel, the next key support level may come at 550 SAT and below. On the bullish side, a possible rise could push the market to the resistance level of 750 SAT and above. According to the technical indicator Relative Strength index (14), the market may begin the bullish movement if the signal line moves above 40-level to suggest more bullish signals into the market.
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