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Cosmos (ATOM) Price Surges to $8.89 After Brief Bullish Wave

Published 2022-12-19, 10:04 a/m
© Reuters. Cosmos (ATOM) Price Surges to $8.89 After Brief Bullish Wave

  • Cosmos (ATOM) price analysis is bullish for today.

  • ATOM/USD rose to $8.93 and dropped sharply.

  • The support for ATOM is present at the $8.74 level.

Cosmos (ATOM) price analysis is bullish for today as the cryptocurrency is in bullish form, after a brief bearish wave that was seen earlier today. The cryptocurrency has been in a steady uptrend and is currently trading at $8.89, up from an intraday low of $8.74 earlier this morning. The bulls are in control of the market and have pushed ATOM/USD above the $8.74 support level, reaching a high of $8.93 before the price dropped sharply.

The immediate support for ATOM is present at the $8.74 level, which was its previous resistance before being broken by the bulls. If this support level holds, ATOM/USD could move higher and test the $9.00 resistance level in the coming days. On the other hand, if ATOM/USD drops below $8.74, the cryptocurrency could move lower and test its $8.50 support level.

The post Cosmos (ATOM) Price Surges to $8.89 After Brief Bullish Wave appeared first on Coin Edition.

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