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ATOM Surges To 6-Month High: Will the Rally Breach Resistance?

Published 12/13/2023, 09:42 PM
Updated 12/13/2023, 09:45 PM
ATOM Surges To 6-Month High: Will the Rally Breach Resistance?

  • Cosmos (ATOM) soars to a 6-month high of $12.31, signaling strong bullish momentum.
  • Rising market capitalization and trading volume reflect growing investor interest in ATOM.
  • Indicators signal potential trend shifts as RSI and stochastic RSI hint at market neutrality and possible downside risk for ATOM.

The Cosmos (ATOM) market has experienced a rise in the previous 24 hours, with bulls driving prices up from an intraday low of $10.59 to a 6-month high of $12.31. At press time, ATOM was exchanging hands at $11.01, a 3.69% increase over the previous day’s closing price.

If the really breaks beyond the intraday high of $12.31, the following resistance levels to watch are around $12.50 and $13.00. This bullish trend implies intense market purchasing pressure and suggests investors are bullish on Cosmos’s (ATOM) prospects.

ATOM’s market capitalization and 24-hour trading volume increased by 3.30% and 223.26%, to $4,162,941,526 and $780,257,073, respectively. This huge market capitalization and trading volume growth demonstrates increased investor interest in Cosmos (ATOM). The increased trading volume also implies a high market liquidity level, making it eas…

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