Altcoins

Oversold RSI Indicates 15% Jump In ATOM Price

ATOM value pauses the autumn on Tuesday with important positive factors. The worth finds dependable assist close to $23.0, which additionally occurs to be a double backside formation. Buyers provoke a dip-buying alternative that pushed the worth above the $25.0 stage.

  • ATOM’s value bounces again to $25.0 with greater than 5% positive factors.
  • A fast restoration towards the 200-day EMA on the playing cards close to $29.0.
  • A break under double-bottom round $23.0 will set off one other spherical of sell-off.

The 24-hour buying and selling quantity of the cryptocurrency holds at $636,626,493. As of writing, ATOM/USD trade palms at $24.83, up 4.11% for the day.

ATOM value may bounce again

atom
Supply: Buying and selling view

On the every day chart, ATOM value tracks acquire because it arrives close to dependable assist. Beforehand, the worth witnessed an ascent of 44% to the swing highs of March 3 at $34.46. The ATOM patrons may try and bounce again to the earlier session highs of $26.60.

A resurgence within the shopping for order may push towards the 200-day and 50-day EMAs (Exponential Transferring Common) at $28.48 and $28.56 respectively.

atomweekly
Supply: Buying and selling view

Alternatively, if the worth slipped under the session’s low then it may revisit $21.0. On the weekly chart, a ‘hammer’ formation close to the 50-day EMA at 25.75 may push towards the psychological $30.0.

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Technical indicators:

RSI: The every day relative power index approaches the oversold zone. Nevertheless, any uptick within the indicator may strengthen the upside outlook.

OBV: The on-balance quantity indicator rises together with the worth.

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