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Is Cosmos (ATOM) Trending Lower or Higher Tuesday?

Tuesday, August 23, 2022 04:03 PM | InvestorsObserver Analysts
Is Cosmos (ATOM) Trending Lower or Higher Tuesday?

Cosmos receives a strong long-term technical score of 93 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. ATOM currently holds a superior long-term technical analysis score than 93% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

Long-Term Technical - 93
InvestorsObserver is giving Cosmos a 93 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Cosmos!

Trading Analysis

Cosmos's price is $2.4000000 (25.15%) above its 100-day moving average price of $9.540000000 as its price at the moment sits at $11.940000000. Additionally, ATOM is $6.3500000 (16.75%) higher than its 52-week low price of $5.590000000 while -$32.76000000 (4.33%) under its 52-week high of $44.700000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives ATOM a strong long-term technical score of 93. Long-term trading movement of Cosmos suggest that investors are neutral on the coin at the moment. Cosmos has a market capitalization of $3,418,082,533.90 and a relatively high average daily volume with $2,931,755,678.24 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, ATOM's volume is below its seven day average with 515,555,769.94 exchanged. This coin's subclass Content: Crypto projects with a focus on producing additional content for users invested into the underlying ecosystem. Content creators can use blockchain technology distribute content to a group of subscribers or investors.

Summary

ATOM's historical trading over the past year gives it a a strong long-term technical score of 93 as its price movement in that time has given investors reason to be neutral on the coin in the long-term. Click Here to get the full Report on Cosmos (ATOM).

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