Cosmos (ATOM) Eyes $6.59 Resistance Amid Bullish Momentum and Fibonacci Analysis
As of November 26, 2024, Cosmos ( ATOM ) is trading at approximately $7.93, reflecting a slight decline of 0.50% from the previous close. The day’s trading range has spanned from $7.52 to $8.13.
Technical Indicators :
Relative Strength Index (RSI): The RSI is currently at 51.74%, indicating neutral momentum.
Moving Averages:
50-Day Simple Moving Average (SMA): Approximately $12.84, with the current price below this medium-term trend indicator.
200-Day SMA: Around $11.35, with the current price also below this long-term average, suggesting a bearish trend.
MACD (Moving Average Convergence Divergence): The MACD is at 0.69, indicating a buy signal.
Support and Resistance Levels :
Support: Strong support is observed at $5.33 (20-day EMA) and $4.92 (50-day EMA).
Resistance: Immediate resistance is at $6.59, with a significant barrier at $7.14.
More: https://onthenode.com/cryptocurrency/cosmos-atom-eyes-6-59-resistance-amid-bullish-momentum-and-fibonacci-analysis
As of November 26, 2024, Cosmos ( ATOM ) is trading at approximately $7.93, reflecting a slight decline of 0.50% from the previous close. The day’s trading range has spanned from $7.52 to $8.13.
Technical Indicators :
Relative Strength Index (RSI): The RSI is currently at 51.74%, indicating neutral momentum.
Moving Averages:
50-Day Simple Moving Average (SMA): Approximately $12.84, with the current price below this medium-term trend indicator.
200-Day SMA: Around $11.35, with the current price also below this long-term average, suggesting a bearish trend.
MACD (Moving Average Convergence Divergence): The MACD is at 0.69, indicating a buy signal.
Support and Resistance Levels :
Support: Strong support is observed at $5.33 (20-day EMA) and $4.92 (50-day EMA).
Resistance: Immediate resistance is at $6.59, with a significant barrier at $7.14.
More: https://onthenode.com/cryptocurrency/cosmos-atom-eyes-6-59-resistance-amid-bullish-momentum-and-fibonacci-analysis
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