Cosmos price analysis favours the buyers and suggests a positive trend in the upcoming sessions.
ATOM’s price sustains above the 50-day EMA and is trying to break out of the $5.10 and $5.622 levels. Cosmos (ATOM) price analysis stays bullish for April 2025 and indicates a positive trend in the upcoming trading sessions. It showed a sharp recovery of approximately 40% from the support level of $3.408 confirmed bullish momentum.
On the 4-hour timeframe, ATOM continued to maintain the positive momentum and managed to climb above the 50-day ($4.502) and 200-day ($4.567) EMA. It turned the trend in the upward direction and showed signs of the next phase of the recovery.
At present, Cosmos price is attempting to break out of the $5.10 and $5.622 levels. However, on the daily timeframe, ATOM price still has to break above the 200-day ($5.622) EMA level. If the price successfully breaks the hurdle it could start a fresh bullish rally.
Meanwhile, the volume in the ATOM crypto has also increased which showcases the altcoin buyers are getting active. According to CMC data, currently, ATOM price is trading at $4.856 with an intraday surge of 10%. The 24-hour volume to market cap is 9.66% pointing to good liquidity.
Will Cosmos Price Break The 200-Day EMA Mark?
Source: Tradingview
Till the ATOM price sustains above the 50-day EMA, the buyers will continue their dominance. Moreover, the RSI indicator is also hedging in the upper direction hinting positive outlook.
The recent bounce in altcoin price looks reliable. So, if buyers’ participation increases then it could lead to a breakout above the 200-day EMA mark. However, for this, it will need fresh buying to hold the gains and to give the follow-up.
However, for any reason, if the price faces rejection from the $5.622, then $4.702 will act as immediate support for the ATOM price.
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