ATOM - one of the rare coins that didn't dump today
Cosmos bills itself as a project that solves some of the “hardest problems” facing the blockchain industry. It aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains.
Today when almost all markets are in red, ATOM and few other are in green.
A lot of people predict that it will follow SOL and AVAX trajectory.
As we can see on chart ATOM find support at important 26$ level which is in correlation with Anchored VWAP.
Also notice bullish divergence on RSI which indicate that bulls are stepping in at this price level.
Right now we are at resistance inside of bullish flag and if we manage to turn in into support I believe we could soon test 40$ level (upper boundary).
If SOL/AVAX prediction come true 5-7x from current levels seems as reasonable target!
Notice that ATOM/BTC chart also look very good.
Today when almost all markets are in red, ATOM and few other are in green.
A lot of people predict that it will follow SOL and AVAX trajectory.
As we can see on chart ATOM find support at important 26$ level which is in correlation with Anchored VWAP.
Also notice bullish divergence on RSI which indicate that bulls are stepping in at this price level.
Right now we are at resistance inside of bullish flag and if we manage to turn in into support I believe we could soon test 40$ level (upper boundary).
If SOL/AVAX prediction come true 5-7x from current levels seems as reasonable target!
Notice that ATOM/BTC chart also look very good.
Comment:
ATOM again rejected from resistance. Possible bullish continuation.
