The ATOM price has been trading inside a descending channel since Dec. 15, 2019. While the price bounced on its support line on March 1, it has yet to show clear signs of a reversal and a possible breakout.
Cosmos (ATOM) Price Highlights
The price is trading inside a descending channel.
It is facing resistance from the 200-day moving average (MA).
The price broke out from a
Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.