{"id":13633,"date":"2022-08-19T19:40:48","date_gmt":"2022-08-19T19:40:48","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/cosmos-atom-faces-fresh-losses-if-bulls-lose-10-support\/"},"modified":"2022-08-19T19:40:48","modified_gmt":"2022-08-19T19:40:48","slug":"cosmos-atom-faces-fresh-losses-if-bulls-lose-10-support","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/cosmos-atom-faces-fresh-losses-if-bulls-lose-10-support\/","title":{"rendered":"Cosmos (ATOM) faces fresh losses if bulls lose $10 support"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<ul>\n<li style=\"line-height:1.38;margin-top:12pt;margin-bottom:12pt\"><strong><em>Cosmos (ATOM) trades around $10.86, nearly 10% down in the past 24 hours.<\/em><\/strong><\/li>\n<li style=\"line-height:1.38;margin-top:12pt;margin-bottom:12pt\"><strong><em>ATOMUSD was rejected around $12.25 and could dip to support below $10.00.<\/em><\/strong><\/li>\n<li style=\"line-height:1.38;margin-top:12pt;margin-bottom:12pt\"><em><strong>Crypto analyst Michael van de Poppe says a breakdown to $8.00 is possible, although holding above current prices could trigger fresh gains towards $18-$20 over next one month.<\/strong><\/em><\/li>\n<\/ul>\n<p dir=\"ltr\" style=\"line-height:1.38;margin-top:12pt;margin-bottom:12pt\">Cosmos (ATOM) price rejection at the top of $12.25 on Thursday has extended towards the $10.00 support level amid fresh profit booking intraday Friday.<\/p>\n<h2 style=\"line-height:1.38;margin-top:12pt;margin-bottom:12pt\">Analyst on ATOM price<\/h2>\n<p dir=\"ltr\" style=\"line-height:1.38;margin-top:12pt;margin-bottom:12pt\">The ATOM\/USD pair, which has shed nearly 10% at the time of writing and is perched near $10.86 could continue lower in the short term to retest a key support level.<\/p>\n<p dir=\"ltr\" style=\"line-height:1.38;margin-top:12pt;margin-bottom:12pt\">If bear exhaustion manifests, a sudden bounce over the coming weeks could still see bulls reclaim winnings above the rejection point around $12.00. Notably, this upbeat perspective could open up the Cosmos price to a new rally over the next few months.<\/p>\n<p dir=\"ltr\" style=\"line-height:1.38;margin-top:12pt;margin-bottom:12pt\">According to popular crypto analyst Michael van de Poppe, the two scenarios above are very much likely for the 28th ranked Cosmos.<\/p>\n<div class=\"fr-img-space-wrap\"><span class=\"fr-img-caption fr-fic fr-dib fr-fil\" style=\"width: 600px\"><span class=\"fr-img-wrap\"><span class=\"fr-inner\"><em>ATOMUSDT 1-day chart by Michael van de Poppe<\/em><\/span><\/span><\/span> <em>At massive levels of support here<\/em>, which is reasonable for long entries,\u201d the analyst <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1560616320718106625\" rel=\"noopener noreferrer\" target=\"_blank\">said<\/a>, pointing to ATOM\u2019s retreat to intraday lows near $10.42. This move has bulls looking at a crucial support zone with a base near $9.60 on the daily time frame.<\/div>\n<p dir=\"ltr\" style=\"line-height:1.38;margin-top:12pt;margin-bottom:12pt\">Van de Poppe says buyers might have to seek another uplift at $8.00 if the above buffer \u201cis lost.\u201d However, if bulls manage to push against the bearish pressure and hold the demand zone, it could act as a potential trigger for a new leg up.<\/p>\n<p dir=\"ltr\" style=\"line-height:1.38;margin-top:12pt;margin-bottom:12pt\">Cosmos\u2019 price in this scenario would be looking at a run to $18-$20 over the coming month, the analyst noted in a tweet shared on Friday.<\/p>\n<p dir=\"ltr\" style=\"line-height:1.38;margin-top:12pt;margin-bottom:12pt\">The weekly chart also has the main resistance at the 20-week moving average at $12.53, while robust support can be found near $5.35.<\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/cosmos-price-outlook-heres-what-top-analyst-says-about-atom\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Cosmos (ATOM) trades around $10.86, nearly 10% down in the past 24 hours. ATOMUSD was rejected around $12.25 and could dip to support below $10.00. Crypto analyst Michael van de Poppe says a breakdown to $8.00 is possible, although holding above current prices [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":13634,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/13633"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=13633"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/13633\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/13634"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=13633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=13633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=13633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}