Insights Analysis ATOM Supertrend Appears Strongly Bullish

ATOM Supertrend Appears Strongly Bullish

January 2, 2024 Analysis
BITmarkets | ATOM Supertrend Appears Strongly Bullish

Launched in 2019, the Cosmos project aims to solve the issues faced by the blockchain insutry particpants. Its renowned platform-native cryptocurrency, ATOM, remained intact throughout the bullish 2023.

Unlike other altcoins, ATOM has not witnessed significant growth, but has jumped by nearly 20% in one year’s time. Is the Cosmos ecosystem poised for a remarkable 2024?

ATOM1

ATOMUSD - 1 Week Time Frame

From a techincal perspective, a strong rise in 2024 is likely. The current supertrend, which began in the first week of 2023, witnessed the bullish break above the $10 mark.

This trend may prolong if Cosmos’ fundamentals remain favorable for its investors, traders and speculators.

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