TL;DR Breakdown Cosmos price analysis is bullish for today.ATOM/USD established a new all-time high at $41.5 overnight.Retracement to retest previous resistance seen earlier today. Cosmos price analysis is bullish for today as the market has set a new all-time high and currently has seen a slight retracement to the $38 previous resistance. Therefore, as long as the $38 mark holds, we expect ATOM/USD to continue higher over the next 24 hours. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded in the red over the last 24 hours. The market leaders, Bitcoin and Ethereum, have lost 1.05 and 3.14 percent, respectively. Meanwhile, Cosmos (ATOM) is the best performer, with a gain of 8.4 percent. Cosmos price movement in the last 24 hours: Cosmos sets a new all-time high at $41.5 overnight ATOM/USD traded in a range of $35.59 – $41.34, indicating strong volatility over the last 24 hours. Trading volume has spiked by 78 percent and totals $2.55 billion, while the total market capitalization trades around $8.78 billion, ranking the coin in 23rd place overall. ATOM/USD 4-hour chart: ATOM pauses before further upside? On the 4-hour chart, we can see a small retracement for ATOM as the previous high of $38 gets retested. ATOM/USD 4-hour chart. Source: TradingView Cosmos price action has seen strong bullish momentum over the past weeks. After a strong spike lower on the 7th of September, a new major swing lo...
