Markets Technical Analysis

When Will ATOM Resume It’s Upward Trend?

By Valdrin Tahiri
Updated by Ryan Smith
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In Brief

  • ATOM has broken out from a long-term descending resistance line.

  • There is support and resistance at 38,000 and 52,500 satoshis, respectively.

  • The price is following an ascending support line, in place since June 27.

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The Cosmos (ATOM) price has been rising at an accelerated rate since reaching a low on June 27. The price is currently completing a correction, which should end near 38,000 satoshis. Afterward, ATOM is likely to continue moving upwards. Breakout From Long-Term Resistance The ATOM price had been following a descending resistance line since it reached a high of 66,110 satoshis on
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Valdrin Tahiri

Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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