You are currently viewing Cosmos (ATOM) Rallies With Over 10% Gain As Indicator Shows Not In Safe Zone

ATOM’s price shows strength as price bounces off from a weekly low of $8.5 giving bulls some relief.  ATOM’s price continues to look bearish as more sentiment for the market lingers, with things looking uncertain for most traders and investors.  ATOM’s price rallies high on the daily timeframe as the price moves toward the 50 Exponential Moving Averages (EMA) price, looking less likely to break higher.

The price action displayed by Cosmos (ATOM) recently hasn’t been motivating after prices declined from a region of $27 to a weekly low of $8.5. With many looking for a major dump in Bitcoin (BTC) price, the price of Bitcoin (BTC) bounced from $15,500 as price rallied to a high of $16,500, leaving bears on the sidelines as the price of Comos (ATOM) gains some relief bounces to hold strong above key support. The price action displayed by

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