Investing.com - Financial Markets Worldwide
Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Cosmos (ATOM) Price Surges to $8.89 After Brief Bullish Wave

Published 19/12/2022, 16:04
© Reuters. Cosmos (ATOM) Price Surges to $8.89 After Brief Bullish Wave

  • Cosmos (ATOM) price analysis is bullish for today.

  • ATOM/USD rose to $8.93 and dropped sharply.

  • The support for ATOM is present at the $8.74 level.

Cosmos (ATOM) price analysis is bullish for today as the cryptocurrency is in bullish form, after a brief bearish wave that was seen earlier today. The cryptocurrency has been in a steady uptrend and is currently trading at $8.89, up from an intraday low of $8.74 earlier this morning. The bulls are in control of the market and have pushed ATOM/USD above the $8.74 support level, reaching a high of $8.93 before the price dropped sharply.

The immediate support for ATOM is present at the $8.74 level, which was its previous resistance before being broken by the bulls. If this support level holds, ATOM/USD could move higher and test the $9.00 resistance level in the coming days. On the other hand, if ATOM/USD drops below $8.74, the cryptocurrency could move lower and test its $8.50 support level.

The post Cosmos (ATOM) Price Surges to $8.89 After Brief Bullish Wave appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.