ATOM price trades currently at $33.24 with a bearish bias. ATOM remains bullish as it trades within the confines of an ascending parallel channel. Cosmos price prediction is bullish as it aims for a 29% rise to areas above the $43 level. The ATOM price bounced off the 200-day simple moving average (SMA) at $17.56 on September 09 suggesting that the bulls are aggressively defending this support level. Note that this is a major support level given that the bulls successfully held this level between August 27 and August 31. The long lower wick on the September 08 red candlestick was an indication that the Cosmos price sentiment was reversing to positive and buyers were getting in on the dips. The moving averages triggered a golden cross on September 10 when the 50-day SMA crossed above the 200-day SMA. The MACD sent a call to buy crypto signal on the same day. This was an indication that the bulls were back in town. Get FREE Crypto Signals Now! ATOM Price Aims For $43.46 The Cosmos (ATOM) price has formed an ascending parallel channel chart pattern on the daily chart. This is a significantly bullish chart pattern and as long as the Atom price remains within the confines of the rising channel, it will continue to record higher highs. At the time of writing, ATOM/USD price is trading in a second bearish session at $33.24 and appears to be battling immediate resistance at the $35.0 psychological level. Note that a daily closure above this level may see the Cosmos coin rise higher to tag the $40.0 mark. A clear bullish breakout will be achieved once ATOM breaks above the September 13 all-time high (ATH) at $41.11 to tag the tip of the upper boundary of the ascending parallel channel at $43.46. This represents a 29% move upwards from the current price. ATOM/USD Daily Chart ATOM/USD Daily Chart. Source: Tradingview Cosms’ bullish narrative is validated by the upsloping moving averages and the positive Parabolic SAR which indicate that the ATOM price market momentum is bullish. If you are new to crypto trading, this guide on the best cryptocurriencies to buy may be a good place to start. As notes earlier, the September 10 golden cross and call to buy signal from the MACD accentuat ATOM’s bullish narrative. In addition, the current position of the MACD above the signal line and above the zero line in the positive region show that the asset’s market sentiment is positive. These bullish technical indicators plus the fact that ATOM sits on a strong support provided by particlarly the 50- day SMA at $19.62, the 200-day SMA around the $17.55 and the 100-day SMA at $15.80 validate Cosmos’s bullish bias. If things go awry for the ATOM price and the asset closes the day below the immediate support at $31.84, the Cosmos price may drop towards the $27.43 support wall. A drop further could see the ATOM price tag the $25.0 psychological level or the SMAs below it. Looking to buy or trade ATOM now? Invest at eToro! Buy ATOM Now Capital at risk Nancy Lubale Nancy Lubale Crypto Analyst and Technical Writer Nancy is a successful crypto analyst and content writer with many years of writing experience finance and blockchain fields. Nancy has been producing quality content for websites in the cryptocurrency industry including Krptotrends. She is a Certified Cryptocurrency Expert (CCE) from Blockchain Council. View All Post By Nancy Lubale Crypto News share Read Next USD/CAD Price Analysis: Upbeat Canadian CPI, WTI Limiting Gains Under 1.27 Saqib Iqbal 1 year ATOM price trades currently at $33.24 with a bearish bias. ATOM remains bullish as it trades within the confines of an ascending parallel channel. Cosmos price prediction is bullish as it aims for a 29% rise to areas above the $43 level. The ATOM price bounced off the 200-day simple moving average (SMA) at $17.56 on September 09 suggesting that the bulls are aggressively defending this support level. Note that this is a major support level given that the bulls successfully held this level between August 27 and August 31. The long lower wick on the September 08 red candlestick… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.