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- ATOM has been on a roller coaster ride, almost reaching the opening market price.
- Three higher highs were reached in the course of four days.
- Cosmos is currently fluctuating in a bearish rising wedge. The bulls may come to its rescue.
Cosmos (ATOM) has been on a roller coaster ride during the past week. Trading at an opening market price of $12.76, ATOM reached $13.67 within a few hours. However, it did not surge straight from its opening market price. The token went through a rugged path of ups and downs before its aforementioned level ($13.67).
Thereafter, ATOM started descending again. Although the bulls were able to slow down the rate of ATOM’s downward movement, the bears were heavy-handed. Hence, ATOM reached the support level close to its opening market price on the first day.
On the second day of the week, the token started rising exponentially, reaching its peak of $13.83 (Second Crest on the chart); thereafter, it started descending. However, this time ATOM was able to recover at $13.01 (Second Trough), much higher than the opening market price.
From there, the token went on to register its highest price of $13.96 on the fourth day of the week. At other times, ATOM started declining after reaching the top. The token made a higher low at $12.92 on the fifth day. Currently, ATOM is on the rise, up 3.36% in the last 24 hours, and as of press time, i ...
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