{"id":10901,"date":"2022-10-17T22:03:56","date_gmt":"2022-10-17T22:03:56","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/10\/17\/cosmos-clings-to-12-as-price-struggles-will-this-region-act-as-strong-support\/"},"modified":"2022-10-17T22:03:57","modified_gmt":"2022-10-17T22:03:57","slug":"cosmos-clings-to-12-as-price-struggles-will-this-region-act-as-strong-support","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/10\/17\/cosmos-clings-to-12-as-price-struggles-will-this-region-act-as-strong-support\/","title":{"rendered":"Cosmos Clings To $12 As Price Struggles, Will This Region Act As Strong Support?"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div wp_automatic_readability=\"74.815055158988\">\n<ul>\n<li><strong><span data-preserver-spaces=\"true\">ATOM\u2019s worth exhibits energy as worth breaks bounced off from $12 with good quantity with eyes set to reclaim $13.\u00a0<\/span><\/strong><\/li>\n<li><strong><span data-preserver-spaces=\"true\">ATOM breaks out of a downtrend as the worth resumes a bullish construction.\u00a0<\/span><\/strong><\/li>\n<li><strong><span data-preserver-spaces=\"true\">The worth of ATOM continues to commerce above 50 <a href=\"https:\/\/www.investopedia.com\/terms\/e\/ema.asp\" target=\"_blank\" rel=\"noopener\">Exponential Moving Average<\/a> (EMA) within the four-hourly timeframe.\u00a0<\/span><\/strong><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">The worth actions of Bitcoin (BTC) have damage most altcoins, with Cosmos (ATOM) discovering its worth at key help as bulls defend this area with blood and sweat. The current Consumer Price Index information had a big affect on the crypto market, as the worth of BTC fell to a low of $18,200 earlier than rebounding to $19,300, with many altcoins struggling to maintain up, however Comos (ATOM) proved resilient. (Data from Binance)<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Cosmos (ATOM) Price Analysis On The Weekly Chart.<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Despite experiencing some nice worth motion in current weeks because of so many merchants and buyers turning into  within the numerous initiatives constructed on the Cosmos ecosystem, this, in a approach, serves as an enormous catalyst for such worth motion.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">After the worth of ATOM dropped to a weekly low of $6, the worth rallied from this low to a excessive of $17, the place the worth confronted resistance to breaking above this area to a top of $20.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The worth of ATOM confronted a rejection to a low of $11.5, the place the worth bounced and rallied to a excessive of $12, reclaiming this area because it has been a key help for ATOM costs.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">ATOM\u2019s subsequent weekly candle closed bearish, however the brand new week\u2019s candle opened with bullish indicators as the worth of ATOM might be set for a rally to a area of $13, the place the worth will face resistance to interrupt increased.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Weekly resistance for the worth of ATOM \u2013 $13.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Weekly help for the worth of ATOM \u2013 $12.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Price Analysis Of ATOM On The Daily (1D) Chart<\/span><\/h2>\n<figure id=\"attachment_506741\" aria-describedby=\"caption-attachment-506741\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"size-large wp-image-506741\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/ATOMUSDT_2022-10-17_22-30-42-860x569.png\" alt=\"\" width=\"860\" height=\"569\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/ATOMUSDT_2022-10-17_22-30-42-860x569.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/ATOMUSDT_2022-10-17_22-30-42-460x304.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/ATOMUSDT_2022-10-17_22-30-42-768x508.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/ATOMUSDT_2022-10-17_22-30-42-1536x1017.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/ATOMUSDT_2022-10-17_22-30-42-750x496.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/ATOMUSDT_2022-10-17_22-30-42-1140x755.png 1140w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/ATOMUSDT_2022-10-17_22-30-42.png 1692w\" sizes=\"auto, (max-width: 860px) 100vw, 860px\"\/><figcaption id=\"caption-attachment-506741\" class=\"wp-caption-text\">Daily ATOM Price Chart | Source: ATOMUSDT On <a href=\"https:\/\/www.tradingview.com\/x\/Cg7MGwqY\/\" target=\"_blank\" rel=\"noopener\">Tradingview.com<\/a><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">In the each day timeframe, the worth of ATOM continues to commerce under key resistance regardless of breaking out from its downtrend after the worth bought rejected from a excessive of $17.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The worth of ATOM has proven energy, as the worth broke out from a descending triangle as the worth tries to interrupt above 50 EMA at $12.75, appearing as resistance for ATOM worth. If the worth of ATOM reclaims 50 EMA, we may see extra worth motion to a area of $13-$14.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The Relative Strength Index (RSI) for ATOM worth on the each day timeframe appears good after rallying from a area of oversold, which signifies good purchase quantity for ATOM<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Daily resistance for the ATOM worth \u2013 $13.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Daily help for the ATOM worth \u2013 $12.2.<\/span><\/p>\n<pre style=\"text-align: center\"><span data-preserver-spaces=\"true\">Featured Image From BitcoinKE, Charts From Tradingview <\/span><\/pre>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/cosmos-clings-to-12-as-price-struggles-will-this-region-act-as-strong-support\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] ATOM\u2019s worth exhibits energy as worth breaks bounced off from $12 with good quantity with eyes set to reclaim $13.\u00a0 ATOM breaks out of a downtrend as the worth resumes a bullish construction.\u00a0 The worth of ATOM continues to commerce above 50 Exponential Moving Average (EMA) within the four-hourly timeframe.\u00a0 The worth actions of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[4],"tags":[1161,4783,2510,110,1955,347,21,162],"class_list":["post-10901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-act","tag-clings","tag-cosmos","tag-price","tag-region","tag-strong","tag-struggles","tag-support","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/10901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=10901"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/10901\/revisions"}],"predecessor-version":[{"id":10902,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/10901\/revisions\/10902"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/10903"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=10901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=10901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\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