Crypto traders eye ATOM, APE, CHZ and QNT as Bitcoin flashes bottom signs
Bitcoin, ATOM, APE, CHZ and QNT are facing resistance at higher levels, but the chart patterns suggest that the current recovery may extend for a few more days. The United States equities markets rallied sharply last week, ending a three-week losing streak. The S&P 500 rose 3.65% last week while the Nasdaq Composite soared 4.14%. Continuing its close correlation with the U.S. equities markets, Bitcoin (BTC) also made a strong comeback and is trying to end the week with gains of more than 7%.The sharp rally in the stock markets and cryptocurrency markets are showing signs of a bottoming....
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ATOM and DOT were trading in a sideways trend on Saturday, as crypto markets were mainly in consolidation mode to start the weekend. The majority of the cryptocurrency top 100 was marginally lower, as traders seemingly consolidated their gains from this week’s action. Cosmos (ATOM) After almost ten consecutive sessions of higher highs, ATOM was consolidating to start the weekend, as traders seemingly secured gains. The token rose to an intraday top of $9.34 to start the weekend, as bulls continue to move towards the $10 mark. Saturday’s moves comes less than a day from prices....
Cosmos (ATOM) has managed to pull it off despite the decline in demand due to a bearish market. Altcoin rallied by 27% in the past week Cosmos’ integration with DOT, ETH to trigger a spike in demand ATOM price experiences exhaustion ATOM has been remarkably bullish since June and in fact, dubbed to the one top-performing cryptocurrencies in the past three months. The altcoin was on a bull run as seen in the past week, rallying by as much as 27%, following its rebound from the ascending support line. In the face of an upswing, ATOM is showing signs of a pullback especially since it appear....
Like all altcoins, ATOM price fell as $550 million of BTC, ETH and altcoin positions were liquidated last week. Which is exactly why its 35% rebound is raising eyebrows. As a market crash takes place, assets become oversold and typically there’s an “oversold bounce,” “return to mean,” “mean reversion,” or some price snapback to the bottom of the pre-crash range. Afterward, the asset under study either consolidates, continues the downtrend, or returns to the bullish uptrend if the downside catalyst was not significant enough to break the market structure. That’s all kind of basic trading....
ATOM struggles to break $17 as the price gets rejected. The price of ATOM enters the distribution phase on a daily timeframe. ATOM’s price needs to hold the key support at $12 to maintain a bullish structure. Hidden bearish divergence resurfaces in the 4H timeframe. Cosmos (ATOM) has been the major player of the current relief bounce, with price rallying from a region of $6 to $17, with many paying so much attention to its ecosystem as this could prove to be a major player also in the bull run. The price of Cosmos (ATOM) showed so much strength, holding pretty well against tether....
ATOM was among the biggest gainers on cryptocurrency boards this Wednesday as traders assessed its integration into the US-regulated crypto exchange Coinbase. The Cosmos’ native token rallied 9 percent on a 24-hour adjusted timeframe, touching an intraday high level near $5.56, hours after Coinbase added support for staking ATOM rewards. Its gains appeared even as […]