ATOM Indicators Predict Bull Run Despite Hitting New 30-Day High
- Recent research predicts a lengthy bull run in the foreseeable future.
- Bullish momentum drives ATOM to a new 30-day high of $15.12.
- Bulls must exert pressure to drive ATOM prices to new heights.
The Cosmos (ATOM) market has suffered a correction in recent hours, with the price increasing by 1.62% to $15.05 as of press time. This bullish dominance propelled ATOM to a 30-day high of $15.12 after hitting support of around $14.31.
The market capitalization increased by 1.61% to $4,308,719,475 due to the bullish run; however, the 24-hour trading volume decreased by 49.58% to $253,741,041. The present gain is linked to investors’ positive feelings and increased demand for ATOM tokens. However, since the 24-hour trade volume is declining, it is still being determined if the bullish trend will continue for an extended period.
24-hour price chart (source: CoinMarketCap)
The McGinley dynamic indicator line on the ATOM 4-hour price chart progresses north with a value of 14.040, indicating that buyers have the upper hand in price action and that the optimistic attitude will continue.
The Fisher Transform trended above its signal line with a value of 0.71…
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