Just minutes, the price of Cosmos (ATOM) surpassed $8 for the first time ever. As of this article’s writing, the price of the cryptocurrency is $8.25 — up over 30% in the past 24 hours alone. This means that ATOM is outpacing all other cryptocurrencies in the top 100. Bitcoin, for instance, has rallied a…
Cosmos’s native token ATOM has surged more than 38 percent in the last five days, validating a textbook technical indicator that now predicts additional 70 percent gains for the cryptocurrency. ATOMUSD breaks out of its Falling Wedge pattern. Source: TradingView.com ATOMUSD breaks out of its Falling Wedge pattern. Source: TradingView.com As shown in the chart…
ATOM, the native token of interoperable blockchain Cosmos, was on a roller coaster ride in the last 24 hours. The 17th-largest cryptocurrency by market capitalization surged by almost 35 percent in the said timeframe as it established a record high at $8.67. The ATOM/USD exchange rate grew more influential on traders’ increasing appetite for decentralized…
Wyckoff Analysis (WA) aims to understand why prices of stocks and other market items move due to supply and demand dynamics. It typically is applied to any freely traded market where larger or institutional traders operate (commodities, bonds, currencies, etc.). In this article we will apply WA to the cryptocurrency Cosmos ($ATOM) to make a…
Cosmos (ATOM) has been one of the best-performing crypto assets of the past few weeks. The prominent altcoin has gained dozens of percent against the dollar and against BTC over recent weeks, setting new all-time highs. In the past 24 hours, the asset is up 3.6% and up 20% in the past seven days. Cosmos…
Cosmos (ATOM) has been on a remarkable rally over the past few days in spite of the price of Bitcoin stalling and actually undergoing a bearish reversal. The popular altcoin has gained 25% in the past 24 hours alone, setting a new all-time high price. Analysts say the rally in the price of this altcoin…