ATOM’s Price Has Risen From $5.55 and Is Aiming for $16+

• Analyst Michaël van de Poppe shared his technical analysis for ATOM yesterday.
• ATOM has strengthened against BTC and ETH over the last 24 hours.
• The price of ATOM is currently trading at around $13.90.

In a series of Twitter (NYSE:) posts, the crypto Twitter trader Michaël van de Poppe responded to requests to share some of his latest technical analysis on specific crypto projects. In a tweet made yesterday, the trader shared his thoughts on Cosmos (ATOM).

The trader’s post reads: “This one [ATOM] is showing a ton of strength.Long should be activated at $13 and now, LTF based, I’d preferably want to see $13.85 hold for support.” The trader then concluded the tweet by sharing his assumptions that it will hit $16+ and take highs.

ATOM is currently ranked number 19 by CoinMarketCap in terms of the biggest cryptos by market cap. Its price has broken away from the trend seen in the rest of the crypto market after a small climb of 0.12% at the time of writing. As a result, ATOM is currently trading at $13.90.

Comparing the token to the two crypto market leaders, (BTC) and (ETH), will show that the token has strengthened against both of the leaders. At the moment, ATOM is up 0.91% against BTC and 2.39% against ETH.

The 24-hour volume for ATOM has also climbed an eye-opening 76.37% to take the total volume for the day to $530,632,252.

Daily chart for ATOM/USDT (Source: CoinMarketCap)

An ascending price channel has formed on the daily chart for ATOM/USDT as the token’s price printed higher highs and higher lows over the past couple of months. This has taken the price of ATOM from a low of $5.550 to its current price at $13.90, which is a 250+% increase.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post ATOM’s Price Has Risen From $5.55 and Is Aiming for $16+ appeared first on Coin Edition.

See original on CoinEdition

Source link