$2.70 0.64%
ATOM · 30w

Cosmos Technical Analysis

Our favorite altcoin Cosmos (ATOM) is now in an uptrend. The last time we suggested taking some profits and buying a dip, there was no dip, and ATOM just took off. ATOM is once again moving into a resistance zone that might make us think it's overbought. There is substantial resistance at 5151. That level was the point of a prior breakdown in July and major reaction lows in May and June. Bottom Line: If Cosmos can break through 5151, a rally back to the highs is possible. If you're long, leave it. If you're not long, wait until a breakout above 5151 and then buy a dip from there. DISCLOSURE: Token Metrics is a regular publication of information, analysis and commentary and does not provide individually tailored investment advice. The Token Metrics team has invested and advised in many blockchain companies. A complete list of the team disclosures, advisory roles and current holdings can be viewed here:
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