Cosmos [ATOM] has hit the highest point in price since it traded at $15.70 on 8 May. Dubbed as the ‘economy of the future”, ATOM had kept its investors wondering if they had any bright hope as it was far from its All-Time High (ATH) of $44.45. However, the recent situation seems to have calmed […]
Turn down for what?
According to the ATOM/USDT four-hour chart, the crypto may be able to sustain the green in the short term. This assertion was shown by the Exponential Moving Average . The 20 EMA was up above the 50 EMA . Despite the uptick, the 50 EMA seemed to be in pursuit. As for the long term projection, the 200 EMA revealed that ATOM could drop back to new lows in the forthcoming months as it was nowhere near the short term indicators. Besides, ATOM investors may need to watch out for the volatility.
Based on the reflection from the Bollinger Bands , the ATOM price increase has been followed by extremely high volatility. So, expecting a downturn in no time may be an option if investors were to play it safe.Subscribe to get it daily in your inbox.
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