Cosmos Hub Soars Over 5% Within 24 Hours

Cosmos (ATOM), coins buyers have chosen the $10 level to be its support area.

  • The Cosmos (ATOM coins soar by more than 5% in 24 hours.
  • ATOM continues to fluctuate as seen on the channel with an upwards parallel.
  • Coin’s price has made impressive traction and surged by 13% in the past week.

CoinMarketCap says that ATOM’s price is in a dramatic uptrend at $12.09, which is a staggering spike of 4.46%. Currently, ATOM’s ATH is set at $44.45 which means the bulls have to work a bit harder than usual to push the price further up.

ATOM’s Trading Volume Spikes 102.0% In Past Week

Here is the daily chart showing price volatility and movement of Cosmos Hub (ATOM). Currently, ATOM’s trading volume has spiked by 102.0% as seen in the past week. However, ATOM’s total circulating supply has dropped by 0.27 percent. ATOM is currently ranked 28.ThThe market capitalization of crypto is the largest at 3.47 billion.

The bulls are driving the price higher while the bears seem to have started moving away from ATOM. The aggressive buying of Cosmos Hub is responsible for the impressive rally that has been witnessed in the last few weeks. The ATOM coin has been moving steadily upwards over the last few weeks. More so, the bulls were also re-energized after they revisited the coin’s support line.

In the event that the buyers breach ATOM’s resistance zone, the buyers are optimistic about a 60% ROI in the coming days. With $10 being the support level and the $12.5 mark as the bullish hurdle, buyers are pushing up the price.

Shop Target for Cosmos at $20

Buyers are constantly eyeing the next resistance zone as a breach on this level may propel the asset’s price to an uptick peaking at $20.

ATOM’s market cap has spiked by 4.8% overnight or registered at $3.4 billion. An indication of the rising buying momentum is also evident in the increase in trading volume. ATOM’s RSI also shows that it was able to break the falling trendline and near the oversold mark. Moreover, the coin’s MACD also indicates a bullish movement for ATOM.

The bulls will soon break and remain above $12.5, buyers anticipate. Buyers are optimistic that there will be a 60% increase in price despite the obstacles that bulls may face.

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Featured Image from CoinCentral. Chart from

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