Cosmos, the blockchain working to resolve the interoperability problem between various blockchains is up 23% in the last 24 hours trading at $16.04.
Cosmos has risen from $12.74 to $16.04 within the last 24 hours as altcoins start to see some gains. Cosmos has had a trading volume of $678,620,427 in the same time frame.
Cosmos has seen some powerful partnerships recently with both Polkadot and Ethereum Beacon – soon to be the mainchain after the upcoming merge.
ATOM/USD Daily Price Chart
- The current technicals on ATOM show a strong incentive to buy.
- With the RSI is currently sitting at 71.306 which could indicate it is overbought, hinting at a pullback.
- ATOM’s value is above the moving average on a 24-hour scale at $16.027 whereas it is trading at $16.142.
- With Bollinger Bands narrowing in the last hours we may see the current uptrend pullback. The upper band reached $16.115, where the lower band hit $15.916.
See Related: Ethereum Dips To $1,500 Despite Bellatrix Hard Fork As Markets Take A Hit
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