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Buyers’ Momentum Is Decreasing, Tamadoge Goes Stronger

Buyers’ Momentum Is Decreasing, Tamadoge Goes Stronger

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Weak rising movement in the ATOM market

ATOMUSD Price Analysis – September 23rd

ATOM may break the $14 resistance level if bulls increase pressure; above that are the $16 and $18 resistance levels. If the $14 resistance level holds, the price may drop to the $13 support level, increasing bear pressure may push the price down to the $8 level.

ATOM/USD market

Key levels:

Resistance levels: $14, $16, $18

Support levels: $13, $10, $8

ATOMUSD Long Term Trend: Up

ATOMUSD is bullish on the daily chart. The crypto bounced off a low of $5 on June 18 as the bear momentum failed. Buyers take over the market and the price rises to the top of $13 with a strong upward momentum. The bulls get more pressure and it breaks the $13 resistance level. It rallied and tested the $16 level on September 9.

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The price is trading above the two EMAs as a signal of an upward move, but the fast moving average (9 periods) and the slow moving average (21 periods EMA) are separated. Cosmos can break $14 resistance if bulls increase pressure; above that are the $16 and $18 resistance levels. If the $14 resistance level holds, the price may drop to the $13 support level, increasing bear pressure may push the price down to the $8 level.

ATOMUSD medium-term trend: Up, Tamadoge Goes Stronger

ATOMUSD is bullish on the 4-hour chart. The price could not fall further as the bears lost momentum at the $5 level. Pressure from buyers pushed the price to a peak of $16. The level just mentioned is true and there is not enough momentum from the sellers to drop the price down. This scenario led to a fluctuation at the $16 and $14 levels.

The two EMA areas are close to each other and the currency pair is trading around the 21-period EMA and the 9-period EMA, indicating that a range is underway. Period 14 of the Relative Strength Index is at the 46 level and the signal lines are pointing down to indicate a sell signal.

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