📊 Analysis of
$ATOM on the daily timeframe
Hey guys,
$ATOM is at $1.509 with no significant change, and it’s still in a long-term downtrend from the high of $2.298 👀
✅ Positive news: The Co-CEO of Cosmos Labs talks about a partnership with dYdX and Robinhood — expansion and important strategic partnerships for the project.
Indicators:
Price is below all major moving averages, the MACD is barely positive at +0.005, and the RSI(6) at 28 indicates oversold conditions, meaning there’s a chance for a technical rebound 🧠
Proposed entry: $1.441 — $1.509 (cautious entry)
🎯 Target 1: $1.800
🎯 Target 2: $1.980
🎯 Target 3: $2.298
🔴 Stop loss: below $1.441
About the coin ⚛️
Cosmos, or ATOM, is a blockchain network focused on connecting different blockchains and creating an “internet of blockchains.” Partnerships with major platforms like dYdX and Robinhood clearly strengthen its reach and usage volume.
⚠️ RSI is low and a rebound is possible, but the overall big trend is still strongly bearish — trade responsibly and you must stick to the stop loss. 🛡️
#ATOM #Cosmos