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ATOM Enters “Trouble Area” as Price Rallies Another 9%; Pain Ahead?

ATOM was among the biggest gainers on cryptocurrency boards this Wednesday as traders assessed its integration into the US-regulated crypto exchange Coinbase. The Cosmos’ native token rallied 9 percent on a 24-hour adjusted timeframe, touching an intraday high level near $5.56, hours after Coinbase added support for staking ATOM rewards. Its gains appeared even as other top crypto assets showed signs of a downside correction. “Starting today, eligible customers can easily start earning 5% APY on their Cosmos (ATOM) held on Coinbase,” the exchange announced. “Customers can securely keep their assets on Coinbase and instantly trade or withdraw their holdings and rewards…

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Cosmos Jumps 38%–Textbook Indicator Points to 70% Price Rally

Cosmos’s native token ATOM has surged more than 38 percent in the last five days, validating a textbook technical indicator that now predicts additional 70 percent gains for the cryptocurrency. ATOMUSD breaks out of its Falling Wedge pattern. Source: TradingView.com ATOMUSD breaks out of its Falling Wedge pattern. Source: TradingView.com As shown in the chart below, ATOM/USD was trading inside a Falling Wedge pattern, confirmed by its price fluctuating downwards between two converging trendlines. On September 24, the pair rebounded from the pattern’s lower trendline to close above the upper one. Breakout Outlook ATOM/USD continued on its uptrend upon breaking…

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After Parabolic Rally, Cosmos (ATOM) Just Formed a Textbook Sell Signal

Cosmos (ATOM) has been one of the best-performing crypto assets of the past few weeks. The prominent altcoin has gained dozens of percent against the dollar and against BTC over recent weeks, setting new all-time highs. In the past 24 hours, the asset is up 3.6% and up 20% in the past seven days. Cosmos may be poised to reverse, though, with the Tom Demark Sequential printing a textbook sell signal. Related Reading: These 3 Trends Suggest Bitcoin Is Poised to Bounce After $1,000 Drop Cosmos (ATOM) Prints Reversal Signal Cosmos (ATOM) has formed a bearish reversal signal on its BTC…

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Cosmos (ATOM) Rallies 35% to Hit All-Time High; More Gains Ahead?

ATOM, the native token of interoperable blockchain Cosmos, was on a roller coaster ride in the last 24 hours. The 17th-largest cryptocurrency by market capitalization surged by almost 35 percent in the said timeframe as it established a record high at $8.67. The ATOM/USD exchange rate grew more influential on traders’ increasing appetite for decentralized finance unicorns. Cosmos has earlier amassed a string of successful DeFi projects, including Band Protocol, Kava, Terra, and THORChain. They, in many ways, mirror the services of Ethereum-backed DeFi protocols. They also bring about critical modules that strive to build a workable decentralized financial ecosystem.…

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Cosmos (ATOM) Just Broke Past $8 For the First Time Ever

Just minutes, the price of Cosmos (ATOM) surpassed $8 for the first time ever. As of this article’s writing, the price of the cryptocurrency is $8.25 — up over 30% in the past 24 hours alone. This means that ATOM is outpacing all other cryptocurrencies in the top 100. Bitcoin, for instance, has rallied a mere 0.25% in the past 24 hours as the cryptocurrency enters a consolidation pattern. BTC actually consolidating is actually what is partially enabling this rally as altcoins thrive in periods of low volatility. Cosmos Breaks Past $8 Just minutes ago as of this article’s writing,…

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25% Cosmos (ATOM) Rally Could Send This Popular Altcoin Flying

Cosmos (ATOM) has been on a remarkable rally over the past few days in spite of the price of Bitcoin stalling and actually undergoing a bearish reversal. The popular altcoin has gained 25% in the past 24 hours alone, setting a new all-time high price. Analysts say the rally in the price of this altcoin could trigger a surge in the price of another popular altcoin, Algorand (ALGO). Related Reading: Crypto Tidbits: MicroStrategy’s $250m Bitcoin Purchase, Ethereum DeFi Boom, BitMEX KYC Cosmos Gain Could Send Algorand Higher: Here’s Why Analysts believe that Cosmos’ ongoing rally could set off a rally in…

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