Cosmos’ [ATOM] popularity witnessed a surge very recently. According to the crypto analytics platform, CoinGecko, it was among the top cryptocurrencies in terms of trending searches. Not only this, but several positive developments happened in the Cosom ecosystem that painted a bright picture for ATOM. ⚡️Trending Searches by @CoinGecko 11 October 2022$EVMOS $OP $GMX #BNBChain […]
’s on-chain metrics were quite positive, its daily chart painted a bearish picture as most of the market indicators suggested a price plummet in the days to come.
For instance, ATOM’s Relative Strength Index and Chaikin Money Flow both stayed quite below the neutral line, a clear bearish indicator. Furthermore, the Moving Average Convergence Divergence also painted a similar picture. The MACD favored the sellers. The Exponential Moving Average Ribbon displayed a tussle between the bulls and the bears. However, when putting together all the indicators, the possibility of the bears turning out to be victorious seemed more likely.Subscribe to get it daily in your inbox.
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