News with the tag "Atom price analysis"

In a bold move, Cosmos co-founder Jae Kwon has called for a significant shift in the blockchain’s direction following the controversial passing of NWV #848. This proposal was approved by the community’s voting mechanism, earning around 40% of the votes, and it was aimed at changing the blockchain’s ...

Cosmos founder Jae Kwon has expressed his dissent against the ATOM production reduction vote, which, despite his opposition, was successful. In response, Kwon has announced plans to fork Cosmoshub4, unveiling a new network named AtomOne. The upcoming network is set to operate autonomously, featuring...

ATOM's low at $6.28 represented the September low and was in proximity to the $6.37 Fib extension level. Will ATOM recede this far southward?

The evidence from the price indicators highlighted bearishness and the OI chart also showed short-term seller conviction, but can a BTC bounce change this outlook?

On 27 August, the Open Interest rose from $62.9 million to $65.7 million even though ATOM prices only saw a minor bounce from $7.1 to $7.2. This showed speculators were eager to bid.

ATOM sellers threatened to extend gains beyond the $8.98 support. Bulls could see reprieve at this level if the support cracks.

Cosmos was bullish on the charts over the past three weeks but faces intense resistance above the $10.2 area.

The rejection from $10 for Cosmos combined with Bitcoin's reluctance to climb back above $30.8k suggested that bulls could lose their grip on the market upon a price drop below $9.1.

Cosmos' uptrend was solid, but it approached a key bearish area which could derail bulls from crossing $10.

Having traded at $8.15 on 10 June ATOM climbed by 10.14% to a value of $8.76 at press time, but will there befurther gains?