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The Cosmos token has appeared on today’s list of trending cryptocurrencies, a notable development given the current weakness across the broader crypto market. Despite these conditions, ATOM has recorded a modest price increase of 0.43%, placing it in second position among today’s trending coins.
Cosmos Statistics
Current Price: $2.023
Market Capitalization: $983.65M
Circulating Supply: 491.32M
Total Supply: 491.32M
CoinMarketCap Rank: —
Key Levels
Resistance: $2.50, $3.00, $3.50
Support: $1.75, $1.50, $1.25
ATOM Upside Moves Look Shaky
The Cosmos daily chart shows minimal price movement so far, yet the token has managed to rank second on the trending list. However, the most recent price candle remains below the 9-day Exponential Moving Average (EMA).
The Stochastic Relative Strength Index (SRSI) indicator lines are currently in the oversold zone and are attempting to rise from that region. As such, the market appears unstable, though it may still attempt a cautious upside move.
Cosmos Bears Look Threatening in the Short Term
On lower ATOM timeframes, price action can be seen descending more sharply below key technical levels. The latest price candle is red and tightly compressed, suggesting heightened market tension.
Cosmos (ATOM): Dead or Just Winding Up?
The Cosmos token continues to trade within a tight consolidation range. This sustained compression suggests growing market tension, increasing the likelihood of a significant breakout in the near term.
Price action remains below the 9-day EMA curve, while the SRSI indicator lines are dropping rapidly into the oversold region. When combined with the steep downward price trajectory, this suggests that price action may drift toward the $1.90 price level.
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