The Bulls Ready for a Breakout Above $30 – Cryptovibes.com – Daily Cryptocurrency and FX News
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ATOM Price Analysis – February 26
Cosmos (ATOM) remains in the green as the cryptocurrency market gains from the increased buying pressure.
ATOM/USD Market
Key Levels:
Resistance levels: $35, $40, $45
Support levels: $20, $15, $10
ATOM/USD price is now trading close to $30 after crossing above the 9-day and 21-day moving averages. The Cosmos price may continue to follow the uptrend if the price moves toward the upper boundary of the channel. Meanwhile, Cosmos may begin another week on a better note to touch the high of $40. But, the current performance of ATOM/USD is progressive and could give room for more investments.
Cosmos Price Analysis: ATOM Price May Spike High
At the time of writing, the Cosmos price begins an uptrend from the lows traded a couple of days ago around $21. In other words, as the technical indicator Relative Strength Index (14) moves to cross above 60-level, once it faces down, there is a higher chance that the price may find supports at $20, $15, and $10 but heading to the upside may be located the resistance levels at $35, $40, and $45 respectively.
ATOM/BTC Market: Price Heads to the Upside
When compared with BTC, the Cosmos price is currently moving towards the upper boundary of the channel. At the time of writing, the coin is hovering around 759 SAT. The long-term moving average may continue to make more bullish movements as the coin heads to the north.
On the upside, if the buyers can push the price above 800 SAT, higher resistance could lie at 900 SAT and above. More so, should the bulls fail to push the coin above, the nearest support level below the lower boundary of the channel could be located at 550 SAT and below as the technical indicator Relative Strength Index (14) moves to cross above 60-level, which shows that more bullish signals may play out.
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