Cosmos price analysis: Price shows bullish strength as value ascends above $30.73


TL;DR Breakdown

  • Price is now touching $30.73 mark.
  • Cosmos price analysis favors bulls.
  • Support is evidently strong at $26.33.

The price has taken an upturn in the last 24-hours as more buyers seem to be investing in the cryptocurrency. The buying activity is intensifying as the bulls were successful enough to make a comeback once again. Although the bears brought the price down in the past few days, the bulls managed to find a way to recovery. The uptrend has enhanced the coin value up to $30.728, encouraging news for the buyers.

ATOM/USD 1-day price chart: Price levels escalate to $30.73 after bullish impulse

The one-day Cosmos price analysis shows increasing chances of recovery for ATOM/USD value as more bullish activity occurs. The green candlestick is marking a bullish price movement as an uprise in price has been detected. The price has heightened up to $30.73 due to the increasing trend, and further improvement is to follow in the upcoming week. The moving average (MA) value is standing at $29.91 in the one-day price chart.

Cosmos price analysis: Price shows bullish strength as value ascends above $30.73 1
ATOM/USD 1-day price chart. Source: TradingView

The volatility is on the decreasing side, which indicates that future trends might be bullish. This is why the upper Bollinger band value is now $37.17, and the lower Bollinger band value is at $26.33. The Relative Strength Index (RSI) score has increased up to 45.74 because of the upward trend.

Cosmos price analysis: Bullish wave upgrades coin value up to $30.75 high

The four-hour Cosmos price analysis shows signs of a bullish trend as the price has constantly been advancing for the past few hours. The four hours price chart shows an increasing number of green candlesticks as the buying momentum increases with each hour. The value for ATOM/USD has reached $30.75 as a result of the price rise. The moving average value is still lower, i.e., $30.23, than the current price.

Cosmos price analysis: Price shows bullish strength as value ascends above $30.73 2
ATOM/USD 4-hours price chart. Source: TradingView

The Bollinger Bands Indicator is showing a shift in its values as well as its average has increased up to $31.08 in the last four hours. Meanwhile, the upper Bollinger band has reached the $33.22 position, and the lower Bollinger band has gone $28.93. The RSI curve is moving upward, and the score has advanced up to 52.21 as well.

Cosmos price analysis: Price shows bullish strength as value ascends above $30.73 3
ATOM/USD technical indicators chart. Source: TradingView

The technical indicators chart for ATOM/USD is giving a neutral signal as a constant variation in market trends has been going on for the past several months. There are ten indicators on the neutral side, seven hands are on the buying side, and nine indicators are on the selling side.

The Moving Averages Indicator supports the sellers by giving out a bearish hint. A total of nine indicators are settling on the selling mark, five hands are on the buying mark, and one indicator is on the neutral mark. The oscillators indicate a bullish trend for the day, and nine oscillators are on a neutral position, two indicators are in buying position, and zero indicators are in selling position.

Cosmos price analysis conclusion

The daily and hourly Cosmos price analysis supports the bulls today as the green candlestick has returned on the price chart. Although the price went down earlier due to increasing bearish pressure, today’s trend has been relatively encouraging for the buyers. The price is now at $30.73, and further recovery is expected in the upcoming week.

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