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CATEGORY: om price


 Fantom (FTM) price surges 40% in a month  Whats behind the momentum?

Author: Cointelegraph by Nancy Lubale
United States
Sep 17, 2024 12:00

Fantom (FTM) price surges 40% in a month Whats behind the momentum?

Fantom price flashes a classic bullish trading pattern which could extend its month-long double-digit rally.

Aug 16, 2024 02:30

Cosmos (ATOM) Price Analysis: Navigating the Path to 2025 Bull Market

Crypto analyst Alan Santana has shared his in-depth analysis regarding Cosmos (ATOM) and its further price action. In his analysis, Santana believes that the current market conditions offer a huge opportunity for long-term investors. Currently, ATOM is trading at a notable discount compared to its earlier highs. Since May 2019, the cryptocurrency has charted a […]

Fantom (FTM) Poised For Bullish Divergence, Analyst Predicts 234% Surge

Author: Arslan Tabish
Estonia
Aug 12, 2024 02:30

Fantom (FTM) Poised For Bullish Divergence, Analyst Predicts 234% Surge

Fantom (FTM) might be preparing for a massive price increase, as pointed out in an analysis made by popular analyst Javon Marks. In a post on X, Marks pointed to the appearance of the Hidden Bullish Divergence in the chart of Fantom. The analyst stated that this could likely result in a large rebound for […]

Aug 10, 2024 05:50

Fantom Q2 Performance: Financial Metrics React To Sonic Blockchain Anticipation

The Fantom blockchain saw mixed performance in the second quarter (Q2) of the year, with key financial metrics cooling amid the broader cryptocurrency market downturn and the Fantom Foundation’s announcement to rebrand as Sonic Labs, according to a new report from data intelligence firm Messari. FTM Market Cap, Revenue, And Token Economics  After outperforming in [...]

The post Fantom Q2 Performance: Financial Metrics React To Sonic Blockchain Anticipation appeared first on Crypto Breaking News.

Jun 30, 2024 12:05

Crypto Analyst Says Ethereum Competitor Fantom (FTM) Could Jump To $1.2

Crypto analyst Altcoin Sherpa has provided a bullish narrative for Fantom (FTM), suggesting that the crypto token could soon make a significant rally to the upside. The analyst also hinted at how Fantom could rise when this happens.   Fantom Could Rise To As High As $1.2 Based on the chart Altcoin Sherpa shared, Fantom could rise to as high as $1.2 on its next leg up. In the meantime, the analyst noted that the crypto token is consolidating at a key level. He added that he expects Fantom to form a chop range between $0.50 and $0.70 for a bit, so that range could serve as support as it moves to the upside.   Related Reading: Analyst Warns Of Bitcoin Breakdown Below Key Psychological Level, Says $40,000 Is Possible Altcoin Sherpa sounded optimistic about Fantoms trajectory, stating that he believes FTM will still be a decent project going forward, especially with the move to Sonic. In May, the Fantom Foundation announced plans to build Sonic, a layer-1 blockchain with a layer-2 network that connects to Ethereum.  Crypto analyst Bitcoin Ape also shared a sentiment similar to Altcoin Sherpa, predicting that Fantom could rise to $1.2. The analyst stated that FTMs rally could happen once there is a market recovery, with Bitcoin leading the way. Specifically, Bitcoin Ape highlighted a falling wedge pattern formed on Fantoms chart, which showed that a price rally was imminent.  Like Altcoin Sherpa, Bitcoin Ape also alluded to Fantoms pivot to Sonic as a bullish fundamental for the crypto token. The analyst noted that Fantom has been on a massive revamp lately with several updates, including the launch of Sonic Labs. He also mentioned the over $100 million in $S (Sonics native token) airdrop, which could attract developers and users to Fantoms ecosystem.  In the meantime, Bitcoin Ape predicts that Fantom could experience more volatility in the coming days because it is currently oversold. However, once the crypto token leaves its oversold condition, the crypto analyst expects that breakout to happen.  FTM Could Drop To As Low As $0.45 Before Next Leg Up Crypto analyst Ijaz Awan recently predicted that Fantom could drop to as low as 0.45 before its next move up. He noted that Bitcoins weakness is dragging altcoins like FTM down, which is why Fantom struggles to gain momentum. As such, he predicts that the crypto token could experience a period of consolidation between $0.45 and $0.55 before its next leg up.  Related Reading: Is The Bitcoin Bottom In? Crypto Expert Predicts Bullish Price Reversal However, the analyst warned that Fantom cannot afford to lose that range of support. He suggested that a drop below that price level would invalidate his structure and could lead to further price declines for the crypto token.  At the time of writing, Fantom is trading at around $0.54, down over 3% in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

May 08, 2024 05:50

Fantom (FTM) Bull Run: 8% Price Surge And Robust Double-Digit Growth In Key Metrics

Fantom (FTM), a Layer-1 (L1) protocol, and its native token, FTM, have experienced significant gains and notable achievements in the first quarter (Q1) of 2024.  According to a comprehensive performance analysis conducted by Messari, amid the emerging crypto bull market, Fantom has emerged as one of the major beneficiaries, showing significant growth in key metrics [...]

The post Fantom (FTM) Bull Run: 8% Price Surge And Robust Double-Digit Growth In Key Metrics appeared first on Crypto Breaking News.

May 04, 2024 05:50

Fantom Revival: Crypto Analyst Predicts A Jump To $1.2 For FTM Price

Fantom (FTM) had initially reclaimed the $1 level back in March and expectations were that the coin would rise to $2. But that was before the market crash sent prices spiraling, and Fantom lost almost 50% of its value during this time. However, all hope is not lost of for the coin, as one crypto [...]

The post Fantom Revival: Crypto Analyst Predicts A Jump To $1.2 For FTM Price appeared first on Crypto Breaking News.

May 24, 2024 05:50

FTMs Key Support At Risk As Fantom Launches Sonic Foundation And Wraps $10M Funding

The Fantom Foundation has recently disclosed its plans to establish the Sonic Foundation and Sonic Labs in preparation for the launch of its Sonic blockchain.  In an announcement on Thursday, the foundation expressed its commitment to leveraging its technology and revealed additional details about the upcoming developments. Fantom Introduces Sonic Chain According to the foundations [...]

The post FTMs Key Support At Risk As Fantom Launches Sonic Foundation And Wraps $10M Funding appeared first on Crypto Breaking News.

May 20, 2024 12:10

Fantom Price Continues To Shine Whats Behind The Latest 15% Surge?

Fantom price has been such a joy to watch for investors in recent days, as a much-needed breath of fresh air continues to spread throughout the crypto market. Bitcoin and other large-cap assets seem to be recovering well after a period of sluggish and frustrating price action. Notably, Fantom emerged as one of the best performers in the cryptocurrency market over the past week, posting a substantial 26% price increase in the last seven days. The Layer 1 token has particularly been on a hot streak in the past day, soaring by 15%. The Catalyst Behind The Latest FTM Surge The much-awaited Sonic upgrade has been critical to the turnaround the Fantom price has witnessed in the past few months. Sonic is expected to improve Fantoms technology stack and introduce major scalability enhancements without a disruptive hard fork. Related Reading: This Crypto Trader Just Sold All His Bitcoin For Altcoins Like Cardano And XRP, Heres Why Most recently, the Fantom Foundation unveiled the details of the upcoming layer-1 chain Sonic Network. According to the blog post, the new blockchain network will be connected to and be able to tap into vast amounts of liquidity, users, and protocols from Ethereum and beyond via a native layer-2 bridge. As disclosed previously, the Sonic Network is expected to go live alongside a new token, with the ticker S. In the latest memo, the project revealed that FTM token holders will be able to migrate Sonics token at a 1:1 ratio, depending on the results of a governance vote. The Fantom Foundation said in its latest blog post:  Initially, this migration process is anticipated to be bi-directional, which will allow users to swap back and forth between $FTM and $S. Since the $S token will only exist on Sonic and $FTM will only exist on Opera, we anticipate utilizing a bridge to enable bi-directional swaps. This process enables a seamless migration for current Opera network participants to experience Sonic. After a transitional period (to be determined in the future), the migration process is expected to transition to a one-way migration of $FTM to $S. The project noted that the supply of the new S token will match that of FTM to facilitate the token migration process after the Sonic chain launch. It is worth mentioning that the Fantom price experienced a significant surge following this update on the Sonic Network on May 17. Fantom Price At A Glance As of this writing, the Fantom price is around $0.908, reflecting an almost 15% increase in the past 24 hours. Related Reading: Bitcoin To $100,000: Infamous Head And Shoulders Pattern Appears To Signal The Start Of Another Rally Featured image from iStock, chart from TradingView

Mar 06, 2024 05:50

Fantom Launches Recovery Plan For Funds Lost In Multichains $200M Exploit, FTM Soars

The Fantom (FTM) Foundation has taken decisive steps to recover assets lost in the Multichain exploit that devastated various chains, including its own, resulting in a staggering $210 million loss. After failed attempts to engage with the Multichain Foundation, the Protocol has announced that it filed a lawsuit for breach of contract and fraudulent misrepresentations.  [...]

The post Fantom Launches Recovery Plan For Funds Lost In Multichains $200M Exploit, FTM Soars appeared first on Crypto Breaking News.

Mar 23, 2024 12:05

Fantom (FTM) Jumps 180% In 4 Weeks: Just The Beginning?

Over the past 24 hours, Fantom (FTM) has emerged as the standout performer among the top 100 cryptocurrencies by market capitalization, registering a remarkable 13.5% gain. This surge is part of a broader rally that has seen the FTM price soar by 180% over the last four weeks, propelling it from $0.42 to $1.20. This upward trajectory has significantly boosted Fantom’s market capitalization to $3.3 billion, positioning it as the 41st largest digital asset worldwide. Here’s why this might be just the beginning: #1 Sonic Upgrade: The Catalyst for Fantom’s Rally The anticipated Sonic upgrade is central to Fantom’s recent success. Designed to enhance the Fantom technology stack, Sonic introduces major scalability improvements without necessitating a disruptive hard fork. Key components of the Sonic upgrade include: Fantom Virtual Machine (FVM): Aims to significantly boost transaction throughput. Carmen Database: Promises to reduce storage requirements by up to 90%. Optimized Lachesis Consensus: Improves upon the existing consensus mechanism for enhanced performance. With these enhancements, Fantom targets a throughput of over 2,000 transactions per second (TPS), marking a substantial leap in scalability. Importantly, the upgrade ensures that existing Fantom Opera smart contracts and tools remain fully compatible with the Sonic mainnet, which is scheduled to launch in Spring 2024. Related Reading: Fantom (FTM) Bull Run: Can FTM Hit $2 After 20% Price Spike? Recent testnets have demonstrated Sonic’s potential. The closed testnet, focused on ERC-20 swaps, achieved an impressive ~4,000 TPS with ~1.3-second finality. Furthermore, a reconfiguration to process only ERC-20 transfers led to a groundbreaking ~10,000 TPS at ~1.6-second finality, showcasing the capabilities of next-generation decentralized exchanges (DEXs) and wallets. 10k tps achieved. Publicly verifiable. Can test for yourself, on public infrastructure. No need for "trust me bro". Available today, no need to wait. And we havent even started with the parallel execution meme. https://t.co/q2QRKM9WXe — Andre Cronje (@AndreCronjeTech) March 15, 2024 Reflecting on Sonic’s impact, Reflexivity Research highlighted, “Fantom Sonic unlocks new possibilities for the Fantom ecosystem, particularly in decentralized finance (DeFi) platforms, blockchain games, high-frequency applications, and the Internet of Things (IoT).” The research firm added that another cornerstone for Fantom is its exemplary 99.9% uptime. Fantom’s novel solutions position it as a frontrunner in the development of decentralized networks, Reflexivity Research stated. #2 Andre Cronje: The Innovator’s Promise Andre Cronje, the founder of Fantom and one of the brightest minds in the crypto industry, has been instrumental in driving innovation within the ecosystem. Cronje recently underscored his commitment to advancing the crypto space, stating, “The number 1 dex on Base, and the number 1 dex on Optimism are both built with code I wrote and pioneered. Stick to where the innovators are, post Sonic I will be adding some new primitives to crypto.” Related Reading: Fantom Launches Recovery Plan For Funds Lost In Multichains $200M Exploit, FTM Soars #3 Coinbase Announcement: A New Milestone Another factor driving todays price rally is probably todays Coinbase International announcement that it will launch Fantom perpetual futures on Coinbase International Exchange and Coinbase Advanced, set to commence on or after 9:30am UTC on March 28, 2024. This move by Coinbase is expected to further enhance Fantom’s liquidity and accessibility, contributing to its growing appeal among investors. @CoinbaseIntExch will add support for Fantom and THORChain perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our FTM-PERP and RUNE-PERP markets will begin on or after 9:30am UTC on 28 MAR 2024. pic.twitter.com/CHBVF58ISc — Coinbase International Exchange (@CoinbaseIntExch) March 21, 2024 #4 Technical Analysis: FTM/USD The bullish momentum of Fantom price is apparent in the weekly FTM/USD chart on Binance, signified by the latest candlestick closure above the key exponential moving averages (EMAs) of 20, 50, 100, and 200 periods. This week’s candlestick represents a notable increase of approximately 50% from the intra-week low. Fantom’s ascent has propelled its value beyond the 0.382 Fibonacci retracement level, situated at $0.9176. This bullish breakout suggests the market may target subsequent Fibonacci levels, with $1.38 (0.382 Fib) acting as an intermediate psychological and technical resistance, followed by $1.76 (05 Fib), and potentially extending towards the golden ratio at $2.13, which corresponds with the 0.618 Fibonacci level. On the flip side of this bullish scenario, should a correction occur across the broader crypto market, immediate support for FTM can be anticipated at the $0.92 level. Stability at or above this threshold could reaffirm bullish market control. Conversely, a downward breach could intensify selling pressure, possibly leading to a retest of support around the $0.56 mark. Featured image from Kraken Blog, chart from TradingView.com

Fantom Price Explodes: How High Can the Fantom (FTM) Price Go?

Author: Prasanna Peshkar
Germany
Mar 21, 2024 02:25

Fantom Price Explodes: How High Can the Fantom (FTM) Price Go?

Now, the big question is whether this bounce-back will last. Let's take a look at the Fantom price prediction article

Feb 22, 2023 06:40

Fantom Price Prediction: FTM Drops 8% To $0.48 – What Next?

Fantom price was trading at the 200-four-hour SMA just above $0.49 after dropping 8.53% in the past 24 hours. The bulls were struggling to hold [...]

Jan 27, 2023 10:10

Fantom (FTM) Price Explodes 60% On Interchain Communication News

Fantom (FTM) price continues to display strength leading the gains in the crypto market on late Thursday and during the early Asian trading hours on [...]

Jan 12, 2023 10:10

Fantom Price Prediction – Up 8.6% to $0.25, Time To Buy FTM For The Push To $0.33?

Fantom price has been edging higher since late November when support at $0.1642 was confirmed. The scalable Layer-1 token rallied 8.6% in 24 hours, bringing [...]

Jan 09, 2023 04:45

Cosmos (ATOM) Jumps Over 12% In One Day As Market Recovers

Cosmos traded in a highly volatile crypto market in 2022, but 2023 is showing signs of recovery. CoinMarketCap shows that the global crypto market cap has increased in 24 hours. The trading volume of cryptocurrencies in the market has also increased within 24 hours. This data proves that there is still much global interest in cryptocurrencies. According to a poll conducted on Twitter, 53.8 % of participants see the early part of 2023 to be bullish. In contrast, 46.2% predict a bearish market trend for early 2023. However, Twitter user Neon Panda states that these predictions are speculative since crypto is complicated. Related Reading: IMX Spikes 10% In Last 24 Hours – Will It Start The Week Strong? Cosmos (ATOM), ranked number 20 on the crypto market list, has shown signs of a recovery in its price today, January 9. Cosmos has benefitted from this improved market outlook as its native token ATOM is also in the green today.  The price change in 24 hours is $1.24, a 12.34% increase. This increment reflects in the trading volume of the asset, which is up by 265.39% How Long Will Cosmos (ATOM) Ride The Bullish Trend? ATOM is currently on a bullish trend at the start of the year. The formation of longer green candles shows that the bulls have the upper hand in the market. The asset has broken out of the sideways trend and has continued to rise on the chart. Its support level of $8.441 held as the price increased. Atom will face resistance at $14.458 and $15.817. However, since these levels are below its all-time high of $44.70, it remains a possibility. The asset is trading above its 50-day and 200-day Simple Moving Averages (SMA). It implies that both the short-term and long-term sentiments are currently bullish. Also, the Relative Strength Index (RSI) is giving off similar signals with the reading at 75.87, which is in the overbought region. The Moving Average Convergence Divergence (MACD) is also bullish. The MACD is above its signal line, which is a buy signal. It implies that ATOM might continue its price increase in the coming weeks without negative occurrences. However, note that if a digital asset falls by 50%, it would need to recover by 100% to return to its previous price. This feat might be complex to accomplish for altcoins. Also, investors should consider that altcoins are more volatile than large-cap cryptocurrencies like bitcoin. What Is Driving Cosmos (ATOM)’ Resurgence? Although the crypto market has shown signs of recovery, it is still largely volatile. Several factors are responsible for a price change of a digital asset in the crypto market. Cosmos (ATOM) is enjoying a price resurgence due to increased trading activity, according to data from CoinGecko. The Cosmos Network seeks to serve as a bridge connecting other blockchains to communicate seamlessly.  Also, the provision of regular upgrades on the network, such as Web3 solutions, has helped its popularity. On the Cosmos network, blog users receive regular updates about events.  Related Reading: Cardano (ADA) Up Nearly 20%, Aiming For A Higher High? Cosmos has a community with a rich following where information and communication remain a priority. Developers can also communicate and exchange ideas in the community. The network also supports up to 266 modern apps and services. With a thriving ecosystem and everyday use case, it is easy to see why the token is enjoying a resurgence. Featured image from Pixabay and chart from TradingView.com

Dec 06, 2022 06:30

Fantom Price Prediction: Will Fantom Reach $0.3?

The global crypto market has been flashing green of late, remaining well-bid at around the $870.30 billion mark. The two largest cryptocurrencies by market value, [...]

Nov 24, 2022 12:05

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 Cosmos (ATOM) and many altcoins recently have been problematic as many altcoins battle for survival. The Domino effect of the FTX saga and other huge investors involved has left the market at a standstill as the market is yet to make a major move after previous weeks. (Data from Binance) Related Reading: Ripple Vs. SEC: Lawyer Explains Why Nov 30 Is Crucial And Why A Settlement Is Possible Cosmos (ATOM) Price Analysis On The Weekly Chart Most crypto traders and investors have had a rough few days, with many concerned about where the market is headed after so much turbulence in the crypto space. Many altcoins have struggled to show strength, losing key support in a bid to survive. The current market uncertainty has caused traders and investors to be hesitant to purchase altcoins, as there is no guarantee that they will rise in value any time soon. The price of ATOM on the weekly chart has struggled despite the market uncertainty that has affected major crypto projects that have continued to build in this bear market, and more FUD (fear of uncertainty and doubt) persists. ATOM saw its price traded in a region of $17 on the weekly chart, but the price was rejected as ATOM’s price declined to a region of $8.5, bouncing off this region to trade at $9.5 with a small relief from the market.   Weekly resistance for the price of ATOM – $10. Weekly support for the price of ATOM – $8.5. Price Analysis Of ATOM On The Daily (1D) Chart The price of ATOM remains considerably weak in the daily timeframe as the price trades above $8.5 support after the price was rejected from a high of $17. ATOM’s price trades at $9.8 below its 50 and 200 EMA, acting as resistance for the price of ATOM. The price of $11.5 and $13.8 corresponds to the prices at these levels, acting as resistance.  If the price of ATOM breaks and holds above $11.5, we could see more rallies for the ATOM price to a region of $13; a break below a region of $8.5 would send the price back to a region of $5.  Daily resistance for the ATOM price – $11.5. Daily support for the ATOM price – $8.5-$6. Related Reading: Ethereum Whales Accumulate Over $1 Billion Worth Of Ethereum Amid High Sell-off Featured Image From zipmex, Charts From Tradingview

Nov 01, 2022 12:05

Cosmos Recaptures $14 As Price Grows; Will Bulls Push To A High Of $17?

ATOM’s price shows strength as it bounces from a downtrend range price rallied to a high of $14 with eyes set on $17.  ATOM could rally more as the price creates more bullish bias by breaking out of a downtrend descending triangle with eyes set on rallying higher. ATOM’s price remains strong on the daily timeframe above the 50 Exponential Moving Average (EMA) as the price aims for more rallies. The price action displayed by Cosmos (ATOM) has been tremendous as the price resisted the bears rallying from a region of $12.7 to a high of $14, reclaiming a vital support area it has built in the past few weeks. The crypto market is looking increasingly welcoming as many altcoins continue producing over 50% gains. The likes of DOGE have seen some great runs recently, rallying from a low of $0.055 to a high of $0.15, with many others as Cosmos (ATOM) continues to lead the charge for more price recoveries. (Data from Binance) Related Reading: Why The Dogecoin And Meme Coin Rally May Not Be Over Just Yet Cosmos (ATOM) Price Analysis On The Weekly Chart Cosmos (ATOM) has struggled to regain its bullish momentum in recent times; despite the uncertainty that has befallen the crypto space, the price of ATOM has enjoyed a measure of relief after showing so much strength on the weekly low, rallying from a low of $12.7 to a high of $14 and recapturing this region as it forms key support for more potential to rise higher.  The past weeks have been nothing short of a boring and difficult moment for the crypto market as this affected the price of most altcoins negatively, forcing them to lose their support zone, with others battling it to stay afloat of their price.  After its weekly close of above $13.5, ATOM’s price looked stronger as the price of ATOM geared up for more upside price moves.; the price has faced a minor rejection to break higher to a region of $17. Weekly resistance for the price of ATOM – $17. Weekly support for the price of ATOM – $13.5. Price Analysis Of ATOM On The Daily (1D) Chart In the daily timeframe, the price of ATOM continued to look strong as the price broke out of its descending triangle, with good volume rallying to a high of $14 and forming good support around $13.5 below its current value of $14.1. Still, the price of ATOM faces a little rejection; the price of ATOM needs to break and hold above $14.5 for the price to become more bullish once more. The price of ATOM faces a resistance to break and hold above 200 EMA, which corresponds to $14.5. A break and close above this region could send the price of ATOM to a region of $17 and possibly a retest of $20 region acting as a supply zone.  Daily resistance for the ATOM price – $14.5. Daily support for the ATOM price – $13.5. Related Reading: Trick Or Treat For Bitcoin On Halloween Night? | BTCUSD Analysis October 31, 2022 Featured Image From Blockchain News, Charts From Tradingview

Oct 18, 2022 12:05

Cosmos Clings To $12 As Price Struggles, Will This Region Act As Strong Support?

ATOM’s price shows strength as price breaks bounced off from $12 with good volume with eyes set to reclaim $13.  ATOM breaks out of a downtrend as the price resumes a bullish structure.  The price of ATOM continues to trade above 50 Exponential Moving Average (EMA) in the four-hourly timeframe.  The price movements of Bitcoin (BTC) have hurt most altcoins, with Cosmos (ATOM) finding its price at key support as bulls defend this region with blood and sweat. The recent Consumer Price Index news had a significant impact on the crypto market, as the price of BTC fell to a low of $18,200 before rebounding to $19,300, with many altcoins struggling to keep up, but Comos (ATOM) proved resilient. (Data from Binance) Related Reading: A Bullish Week In Bitcoin On The Way? BTCUSD Analysis October 17, 2022 Cosmos (ATOM) Price Analysis On The Weekly Chart. Despite experiencing some great price movement in recent weeks due to so many traders and investors becoming interested in the various projects built on the Cosmos ecosystem, this, in a way, serves as a huge catalyst for such price movement. After the price of ATOM dropped to a weekly low of $6, the price rallied from this low to a high of $17, where the price faced resistance to breaking above this region to a height of $20. The price of ATOM faced a rejection to a low of $11.5, where the price bounced and rallied to a high of $12, reclaiming this region as it has been a key support for ATOM prices.  ATOM’s next weekly candle closed bearish, but the new week’s candle opened with bullish signs as the price of ATOM could be set for a rally to a region of $13, where the price will face resistance to break higher.  Weekly resistance for the price of ATOM – $13. Weekly support for the price of ATOM – $12. Price Analysis Of ATOM On The Daily (1D) Chart In the daily timeframe, the price of ATOM continues to trade below key resistance despite breaking out from its downtrend after the price got rejected from a high of $17.  The price of ATOM has shown strength, as the price broke out from a descending triangle as the price tries to break above 50 EMA at $12.75, acting as resistance for ATOM price. If the price of ATOM reclaims 50 EMA, we could see more price action to a region of $13-$14. The Relative Strength Index (RSI) for ATOM price on the daily timeframe looks good after rallying from a region of oversold, which indicates good buy volume for ATOM Daily resistance for the ATOM price – $13. Daily support for the ATOM price – $12.2. Related Reading: Crypto Won’t See Bull-Run Anytime Soon, This Expert Explains Why Featured Image From BitcoinKE, Charts From Tradingview

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