ATOM Price: Buyers are Dominating Market, TAMA Explodes Skywards

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 ATOM is bullish

ATOMUSD Price Analysis – September 12

ATOM may break up the resistance level of $17 provided the bulls increase their pressure; above it are $19 and $21 resistance levels. Should the $17 resistance level holds, the price may decrease to the support level at $13, further increase in the bears’ pressure may push down the price to $8 level.

ATOM/USD Market

Key levels:

Resistance levels: $17, $19, $21

Support levels: $13, $10, $8

 

ATOMUSD Long-term Trend: Bullish

ATOMUSD is bullish on the daily chart. When Cosmos price reached the low of $5 on June 18. The bear’ momentum failed. Buyers takes over the market and price soars to the high of $13 with strong bullish momentum. It consolidates for few days. The bulls gain more pressure and it breaks up the resistance level of $13. It increases and tested $17 level.

The price is trading above the two EMAs as a sign of bullish movement but the fast Moving Average (9 periods) and the slow Moving Average (21 periods EMA) are separated. Cosmos may break up the resistance level of $17 provided the bulls increase their pressure; above it are $19 and $21 resistance levels. Should the $17 resistance level holds, the price may decrease to the support level at $13, further increase in the bears’ pressure may push down the price to $8 level.

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ATOMUSD medium-term Trend: Bullish, TAMA Explodes Skywards

ATOMUSD is bullish in the 4-hour chart. The bears lost their momentum when the price reaches the support level at $5; the price could not decrease further. Buyers are gaining momentum in the Cosmos market. The bulls are in control of the Cosmos market pushing up the coin and tested the $17 level.

The two EMAs are separated from each other and the currency pair is trading above the 21 periods EMA and 9 periods EMA which indicates that bullish movement is in progress. The relative strength index period 14 is at 74 levels and the signal lines pointing up to indicate buy signal.

During the TAMA presale, 1 billion tokens will be sold. This number equates to 50% of the entire TAMA supply. The solid tokenomics of TAMA is one of the reasons why the presale has become very popular. Unlike other memecoins with trillions and quadrillions of coins in supply, TAMA’s supply is capped at 2 billion. TAMA has also been securing new partnerships that make the memecoin popular in the crypto community. To make it easier for traders to invest in the memecoin, the Tamadoge team has announced Fiat On-Ramp support allowing users to buy Ether with a card or using local payment methods such as Transak and then convert the ETH into TAMA.

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