Insights Analysis ATOM Supertrend Appears Strongly Bullish

ATOM Supertrend Appears Strongly Bullish

January 2, 2024 Analysis

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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