CandleFocus ATOM Price At Multi-Year Low: What’s to Come Next for Cosmos?
2024-09-11
Author: Content Editor
The price of Cosmos (ATOM) has experienced significant selling pressure, dropping to a multi-year low and losing 70% of its value in the past 6 months. The price has been forming lower lows and lower highs, indicating a bearish trend. However, there are indications of a potential bullish reversal, including a bullish divergence in the RSI and a golden crossover in the RSI-based moving average. Some analysts believe that now may be a good buying opportunity for long-term investors, with the potential for the price to reach $100 in 1-2 years. However, the price may face resistance at $6.30 and $9.00 before reaching higher levels.
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