{"id":182498,"date":"2023-10-28T01:21:44","date_gmt":"2023-10-27T19:51:44","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=182498"},"modified":"2023-10-28T01:21:44","modified_gmt":"2023-10-27T19:51:44","slug":"cosmos-atom-price-prediction-flips-bullish-8-5-soon-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/cosmos-atom-price-prediction-flips-bullish-8-5-soon-crypto-news\/","title":{"rendered":"Cosmos ATOM Price Prediction Flips Bullish: $8.5 Soon? – Crypto News"},"content":{"rendered":"

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ATOM price is looking very bullish after a massive rebound from its yearly lows. The smart contract cryptocurrency can thank Bitcoin<\/a> price for this V shape recovery. However, after a 13.4% surge in 1 week, many analysts are expecting a minor pullback.<\/p>\n

It is also likely that the ATOM crypto won\u2019t retrace and go straight to $7.6 which is the next major resistance. This is because it has already closed a couple of days above $7.08 resistance level. This has put a move towards $7.6 on the cards before any significant correction.<\/p>\n

On Friday, altcoins are correcting as the Bitcoin price hovers around $34,100 level. The correction in the biggest cryptocurrency by marketcap has caused the altcoin markets to take a breather. Neverthless, the Total 4 market cap which is a mesure of altcoin dominance increased 0.3% today.<\/p>\n

ATOM price fell below the $7 level but got back up very quickly. This move could be a faekout to trap the bears. On the daily timeframe, the altcoin is still down 0.71%. Despite a strong push from the yearly lows, the daily RSI still have a lot of room to grow.<\/p>\n

ATOM Price Outlook<\/h2>\n

As evident from the following chart, the recent brekaout above $7 resistance has given bulls a lot of momentum. Even though the bears are still pretty much in the game, the bulls have the odds in their favor. Therfore, I expect a retest of the $7.6 resistance in the coming days, if bulls hold the $7 support.<\/p>\n

A weekly closure above $7.6 will be confirmation of the bullish ATOM price prediction. This will be a major bullish reversal signal and I expet the price to skyrokcet from there with the first bullish target of $8.47. This may follow by a retest of the 200 daily moving average around $8.85.<\/p>\n

ATOM Crypto Chart<\/h2>\n
\"Cosmos
ATOM Price Chart<\/figcaption><\/figure>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

ATOM price is looking very bullish after a massive rebound from its yearly lows. The smart contract cryptocurrency can thank Bitcoin price for this V shape recovery. However, after a 13.4% surge in 1 week, many analysts are expecting a minor pullback. It is also likely that the ATOM crypto won\u2019t retrace and go straight […]<\/p>\n","protected":false},"author":2,"featured_media":182499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-182498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/182498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=182498"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/182498\/revisions"}],"predecessor-version":[{"id":182505,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/182498\/revisions\/182505"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/182499"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=182498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=182498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=182498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}