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ATOM crypto smashed below the 50 day EMA and is hovering around the 100 day EMA mark.
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Technical indicators are suggesting a further down move ahead.
The ATOM crypto showcased a bounce of over 1.25% intraday on Sunday and stayed close to the 100 day EMA mark. The bulls are struggling to hold the gains and have remained on the backfoot. The mighty bear army persisted in pushing the coin and showcased their dominance. Furthermore, the trend is neutral and the technicals reflect a negative sign, signaling a drop ahead.
At press time, the Cosmos coin (ATOM) price was trading at $11.15 with an intraday gain of 1.25%, reflecting neutrality on the charts. It has a monthly return ratio of -19.20% and -1.90% on a yearly basis. The pair of ATOM/BTC is at 0.000161 BTC, and the market cap is $3.67 Billion. Analysts are neutral and suggest that the Cosmos coin price may resume to deliver the bearishness waves and will retest the 200 day EMA mark soon.
We współpracy z: https://www.thecoinrepublic.com/2024/04/07/atom-crypto-displays-retracement-can-it-retest-200-day-ema-mark/
