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ATOM Struggles to Retrace After Sharp Drop
In brief
ATOM has found support above the $5 area and an ascending support line.
Short-term indicators have turned bearish.
Another short-term decline is expected.
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The Cosmos (ATOM) price has been decreasing since August 25. While the long-term price action still looks bullish, another short-term decline is expected before the price resumes its upward movement. Retracement to Support The ATOM price has been falling since it reached a high of $8.84 on August 25. The price dropped sharply shortly after reaching the high, further accelerating its
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