ATOM Price Prediction: Support Level of $10 Is Tested, Further Decrease Envisaged
Strong bearish movement in ATOM market ATOMUSD Price Analysis – October 13 Should Cosmos penetrate the support level of $10 downside, ATOM may be exposed to the low of $8 and $7 support level s. In case bulls defend the support level of $10, Cosmos may increase to the resistance level at $11, further increase in the bulls&rsquo ; pressure may push up the price to $13 and $14 levels. ATOM/USD Market Key levels: Resistance levels: $11, $13, $14 Support levels: $10, $8, $7 ATOMUSD Long-term Trend: Bearish ATOMUSD is bearish on the daily chart. An inverted head and shoulder chart pattern is noticed on the daily time frame. Atom was under the bulls’ control three weeks ago, the bullish power pushed the coin to the resistance level of $16. Another bearish chart pattern formed at the just mentioned level called Double Top. It is a signal to the traders that sellers are ready to dominate the market. The coin decreases and the support level of $10 is tested t...