ATOM is likely one of the greatest performers amongst the highest 30 cryptocurrencies by market cap immediately.
ATOM, the native token of the Cosmos ecosystem, is likely one of the greatest performers amongst the highest 30 cryptocurrencies by market cap immediately. The coin has added greater than 12% to its worth immediately, outperforming the broader crypto market.
The cryptocurrency market is slowly recovering immediately, following a sluggish begin to the week. After dropping greater than 3% of its worth yesterday, the crypto market is up by practically 2% to this point immediately.
The constructive efficiency has pushed the whole cryptocurrency market cap above the $1 trillion mark once more.
Bitcoin stays above the $21k degree and will rally increased immediately after including greater than 1% to its worth. Ether is buying and selling above $1,600 after relying its value above the $1,500 psychological degree yesterday.
Nevertheless, ATOM is the second-best performer amongst the highest 30 cryptocurrencies by market cap (solely behind Bitcoin Money).
There isn’t any catalyst behind ATOM’s ongoing rally because it might be solely a restoration from its latest value crash. Regardless of including greater than 12% to its worth immediately, ATOM is down by 1% within the final seven days.
Key ranges to look at
The ATOM/USD 4-hour chart has turned bullish as Cosmos has been performing nicely over the previous 24 hours.
The MACD line crossed into the constructive zone just a few hours in the past, indicating that ATOM is now not bearish.
The 14-day relative energy index of 60 exhibits that ATOM might enter the overbought area if the constructive momentum continues.
At press time, ATOM is buying and selling at $11.52. If the constructive momentum continues, ATOM might transfer previous the primary main resistance degree at $12,271 earlier than the top of the day.
Nevertheless, ATOM would want the help of the broader market to achieve the $13.60 mark for the primary time since Might.