• bitcoinBitcoin (BTC) $ 95,914.00
  • ethereumEthereum (ETH) $ 2,625.96
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.39
  • solanaSolana (SOL) $ 198.94
  • bnbBNB (BNB) $ 616.91
  • usd-coinUSDC (USDC) $ 0.999997
  • dogecoinDogecoin (DOGE) $ 0.249507
  • staked-etherLido Staked Ether (STETH) $ 2,624.59
  • cardanoCardano (ADA) $ 0.683418
  • tronTRON (TRX) $ 0.235559
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 95,872.00
  • chainlinkChainlink (LINK) $ 18.47
  • wrapped-stethWrapped stETH (WSTETH) $ 3,143.34
  • avalanche-2Avalanche (AVAX) $ 24.71
  • stellarStellar (XLM) $ 0.314776
  • the-open-networkToncoin (TON) $ 3.81
  • suiSui (SUI) $ 3.01
  • shiba-inuShiba Inu (SHIB) $ 0.000016
  • leo-tokenLEO Token (LEO) $ 9.91
  • hedera-hashgraphHedera (HBAR) $ 0.229922
  • usdsUSDS (USDS) $ 1.00
  • litecoinLitecoin (LTC) $ 106.50
  • bitget-tokenBitget Token (BGB) $ 6.34
  • hyperliquidHyperliquid (HYPE) $ 22.74
  • wethWETH (WETH) $ 2,630.49
  • polkadotPolkadot (DOT) $ 4.74
  • bitcoin-cashBitcoin Cash (BCH) $ 323.68
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • mantra-daoMANTRA (OM) $ 5.80
  • uniswapUniswap (UNI) $ 9.11
  • wrapped-eethWrapped eETH (WEETH) $ 2,780.16
  • ondo-financeOndo (ONDO) $ 1.31
  • moneroMonero (XMR) $ 220.87
  • pepePepe (PEPE) $ 0.000009
  • whitebitWhiteBIT Coin (WBT) $ 27.19
  • nearNEAR Protocol (NEAR) $ 3.20
  • aaveAave (AAVE) $ 241.15
  • daiDai (DAI) $ 0.999930
  • mantleMantle (MNT) $ 1.01
  • aptosAptos (APT) $ 5.85
  • internet-computerInternet Computer (ICP) $ 6.88
  • official-trumpOfficial Trump (TRUMP) $ 16.33
  • susdssUSDS (SUSDS) $ 1.04
  • ethereum-classicEthereum Classic (ETC) $ 20.09
  • bittensorBittensor (TAO) $ 358.97
  • okbOKB (OKB) $ 47.27
  • gatechain-tokenGate (GT) $ 21.05
  • vechainVeChain (VET) $ 0.032207
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.304061
  • crypto-com-chainCronos (CRO) $ 0.092569
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 95,962.00
  • algorandAlgorand (ALGO) $ 0.273024
  • tokenize-xchangeTokenize Xchange (TKX) $ 28.02
  • kaspaKaspa (KAS) $ 0.086450
  • render-tokenRender (RENDER) $ 4.19
  • jupiter-exchange-solanaJupiter (JUP) $ 0.816483
  • filecoinFilecoin (FIL) $ 3.29
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997195
  • cosmosCosmos Hub (ATOM) $ 4.55
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.749571
  • arbitrumArbitrum (ARB) $ 0.447738
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 95,937.00
  • fasttokenFasttoken (FTN) $ 3.93
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,626.02
  • binance-staked-solBinance Staked SOL (BNSOL) $ 205.70
  • celestiaCelestia (TIA) $ 3.03
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,715.55
  • ethenaEthena (ENA) $ 0.477970
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 95,547.00
  • kucoin-sharesKuCoin (KCS) $ 12.08
  • optimismOptimism (OP) $ 1.07
  • xdce-crowd-saleXDC Network (XDC) $ 0.090845
  • immutable-xImmutable (IMX) $ 0.798620
  • raydiumRaydium (RAY) $ 4.75
  • blockstackStacks (STX) $ 0.891888
  • bonkBonk (BONK) $ 0.000017
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,958.12
  • lido-daoLido DAO (LDO) $ 1.48
  • nexoNEXO (NEXO) $ 1.32
  • injective-protocolInjective (INJ) $ 13.43
  • sonic-3Sonic (prev. FTM) (S) $ 0.407187
  • theta-tokenTheta Network (THETA) $ 1.28
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,771.85
  • the-graphThe Graph (GRT) $ 0.129625
  • movementMovement (MOVE) $ 0.523531
  • flare-networksFlare (FLR) $ 0.020847
  • worldcoin-wldWorldcoin (WLD) $ 1.22
  • usual-usdUsual USD (USD0) $ 0.997155
  • dexeDeXe (DEXE) $ 20.13
  • jasmycoinJasmyCoin (JASMY) $ 0.022116
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 94,800.00
  • msolMarinade Staked SOL (MSOL) $ 251.98
  • sei-networkSei (SEI) $ 0.225223
  • galaGALA (GALA) $ 0.021741
  • the-sandboxThe Sandbox (SAND) $ 0.378567
  • eosEOS (EOS) $ 0.604440
  • tezosTezos (XTZ) $ 0.875663
  • flokiFLOKI (FLOKI) $ 0.000093
  • bittorrentBitTorrent (BTT) $ 0.00000086
  • ultimaUltima (ULTIMA) $ 19,269.91
  • ethereum-name-serviceEthereum Name Service (ENS) $ 24.81
  • chain-2Onyxcoin (XCN) $ 0.024544
  • iotaIOTA (IOTA) $ 0.219531
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 215.94
  • makerMaker (MKR) $ 891.05
  • flowFlow (FLOW) $ 0.495748
  • bitcoin-svBitcoin SV (BSV) $ 38.98
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 95,478.00
  • kaiaKaia (KAIA) $ 0.129511
  • wbnbWrapped BNB (WBNB) $ 616.90
  • neoNEO (NEO) $ 10.52
  • usddUSDD (USDD) $ 1.00
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.12
  • jito-governance-tokenJito (JTO) $ 2.45
  • tether-goldTether Gold (XAUT) $ 2,863.70
  • pyth-networkPyth Network (PYTH) $ 0.192771
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,718.45
  • dogwifcoindogwifhat (WIF) $ 0.674958
  • roninRonin (RON) $ 1.08
  • axie-infinityAxie Infinity (AXS) $ 4.16
  • curve-dao-tokenCurve DAO (CRV) $ 0.507625
  • fraxFrax (FRAX) $ 0.994283
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.249593
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,772.75
  • usdx-money-usdxusdx.money USDX (USDX) $ 0.998005
  • aerodrome-financeAerodrome Finance (AERO) $ 0.812040
  • elrond-erd-2MultiversX (EGLD) $ 21.99
  • meowMEOW (MEOW) $ 0.006836
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.009732
  • starknetStarknet (STRK) $ 0.235610
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,624.89
  • heliumHelium (HNT) $ 3.40
  • pax-goldPAX Gold (PAXG) $ 2,886.93
  • decentralandDecentraland (MANA) $ 0.317057
  • arweaveArweave (AR) $ 9.01
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,636.77
  • paypal-usdPayPal USD (PYUSD) $ 0.999645
  • pumpbtcpumpBTC (PUMPBTC) $ 93,059.00
  • spx6900SPX6900 (SPX) $ 0.596626
  • resolv-usrResolv USR (USR) $ 0.999411
  • matic-networkPolygon (MATIC) $ 0.304875
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,627.04
  • berachain-beraBerachain (BERA) $ 5.07
  • dydx-chaindYdX (DYDX) $ 0.744745
  • chilizChiliz (CHZ) $ 0.057944
  • conflux-tokenConflux (CFX) $ 0.109233
  • telcoinTelcoin (TEL) $ 0.006804
  • beldexBeldex (BDX) $ 0.076779
  • pendlePendle (PENDLE) $ 3.17
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.76
  • ecasheCash (XEC) $ 0.000026
  • beam-2Beam (BEAM) $ 0.009738
  • insurance-2INSURANCE (INSURANCE) $ 27.20
  • zcashZcash (ZEC) $ 32.05
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 95,935.00
  • amp-tokenAmp (AMP) $ 0.006230
  • true-usdTrueUSD (TUSD) $ 0.996494
  • apecoinApeCoin (APE) $ 0.683648
  • kavaKava (KAVA) $ 0.455211
  • coredaoorgCore (CORE) $ 0.522677
  • wormholeWormhole (W) $ 0.169392
  • clbtcclBTC (CLBTC) $ 95,604.00
  • fartcoinFartcoin (FARTCOIN) $ 0.479998
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008575
  • akash-networkAkash Network (AKT) $ 1.91
  • tbtctBTC (TBTC) $ 95,721.00
  • aioz-networkAIOZ Network (AIOZ) $ 0.400059
  • gnosisGnosis (GNO) $ 175.27
  • based-brettBrett (BRETT) $ 0.045218
  • compound-governance-tokenCompound (COMP) $ 50.60
  • chex-tokenCHEX Token (CHEX) $ 0.446284
  • apenftAPENFT (NFT) $ 0.00000044
  • quantixaiQuantixAI (QAI) $ 84.16
  • morphoMorpho (MORPHO) $ 1.99
  • deepDeepBook (DEEP) $ 0.173015
  • thorchainTHORChain (RUNE) $ 1.21
  • mina-protocolMina Protocol (MINA) $ 0.345611
  • stakestone-berachain-vault-tokenStakeStone Berachain Vault Token (BERASTONE) $ 2,598.75
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999549
  • super-oethSuper OETH (SUPEROETHB) $ 2,627.48
  • usdbUSDB (USDB) $ 0.998719
  • hashnote-usycHashnote USYC (USYC) $ 1.08
  • olympusOlympus (OHM) $ 24.23
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 2,864.15
  • zksyncZKsync (ZK) $ 0.106873
  • newton-projectNewton Project (NEW) $ 0.008997
  • eigenlayerEigenlayer (EIGEN) $ 1.66
  • ai16zai16z (AI16Z) $ 0.356827
  • axelarAxelar (AXL) $ 0.424212
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.06
  • mimblewimblecoinMimbleWimbleCoin (MWC) $ 34.23
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000068
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 2,628.25
  • ai-companionsAI Companions (AIC) $ 0.375864
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.885513
  • 1inch1inch (1INCH) $ 0.256346
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 95,614.00
  • echelon-primeEchelon Prime (PRIME) $ 6.49
  • stader-ethxStader ETHx (ETHX) $ 2,759.88

ATOM Price Struggles Near $4: Can It Gain Upward Momentum?

0 60

ATOM price has been trading in a downward trend and has replicated a bearish momentum since mid-June. It was corrected by over 50% in the last three months and hovered close to the 52-week lower trajectory of $3.50.

Watch out for the the $5 mark, this level could indicate the next trend reversal. Meanwhile, Bitcoin (BTC) and the general crypto market experienced mild gains and remained positive.

However, ATOM price struggled to regain positive momentum and continued to bleed gains. Trading below the key EMAs, the bear army had persisted in making short positions, and signs of distribution from the top were noted on the chart.

ATOM Price Prediction: Is a Recovery on the Horizon?

The daily chart suggests that ATOM price could create a bullish reversal pattern, which would could trigger a trend reversal. A break and close above the $5 mark would validate the buying strength.

ATOM price was trading at $4.16 with an intraday rise of over 1.20% at press time. Its market cap has risen to $1.37 Billion and was positioned 47th among the top 100 crypto altcoins.

@Shango83, in his tweet, guided a bearish view that ATOM crypto price might retest the resistance zone of $5. It could continue its downward rally in the coming sessions.

$ATOM pic.twitter.com/Pv6y5cWETX

— Crypto Shango (@shango83) September 18, 2024

It has been trading close to the confluence of resistance levels at $5. For the past few weeks, steady selling pressure has been observed. ATOM crypto has faced rejection multiple times amid pullbacks.

As a result, a downward trend is at play, and the bear army continues to showcase its dominance.

Going forward, the trend is bearish, and bounces were not sustained at the highs. Meaning buyers were looking weak, and the battle favored the bear army.

Per the Fib levels, the $4 mark is the prompt 23.6% support zone; slipping below it could send ATOM price toward its 52-week low region.

Technical Indicators Paint an Optimistic Outlook

Despite the ongoing downtrend, few technical indicators replicate the possibility of a trend reversal. The Chaikin Money Flow (CMF) reading shows a positive outlook. It displays a reading of 0.11, conveying rising capital inflows in the market.

ATOM Price Struggles Near $4: Can It Gain Upward Momentum?

Technical Indicators Data | Source: Coinalyze

This increased liquidity might push ATOM price beyond the $5 mark. Further, it could trigger a significant potential upward move in the coming sessions.

Also, the Awesome Oscillator (AO) value crossed the zero line, noting around 0.027. This implies that bulls have taken control over bears.

ATOM’s Futures Market Data Overview

Looking at the futures market data, the OI-weighted funding rate stayed positive, around 0.0087%. It hints at the bullish sentiment among investors.

ATOM Price Struggles Near $4: Can It Gain Upward Momentum?

Futures Market Data | Source: Coinglass

Moreover, the Open Interest (OI) soared over 3.10% to $88.65 Million at press time, representing the long buildup activity over the past 24 hours.

The immediate support zones were $4 and $3.80 which acts as a prompt support, whereas the immediate resistance levels were around $4.70 and $5.

Source

Leave A Reply

Your email address will not be published.