Cosmos Atom grows how technical indicate a strong breakthrough

The cosmos price rose five consecutive days and reached the highest level of 3. March as demand and future open interest.

Cosmos (Atom) He jumped at $ 4.45 on Saturday, the highest level of 4th and 32% above her lowest level this year.

The recommendation happened as Bitcoin (Btc) Other Altcoyni refused back. Bitcoin rose to $ 84,000, while Etherum (El), Ripple (XRP) and Cardano (Ada) it rose over 1.45% on Saturday.

The cosmos price also jumped while investors purchased the decline after crashing on a crucial level of support. According to coinmarketcap, his 24-hour extent rose to over $ 153 million.

Similarly, Futures open interest rose to $ 93 million, the highest level of February 2021. years. The open interest is a character that looks at the scope of unfulfilled placement and orders option in Futures Ecosustem. In most cases of cryptocurrency, they begin to refuse when the open interest grows.

For starters, Cosmos pione the concept of internet Backovac, which is composed of interconnected and independent clicances that are easily worked together. Some key players in the ecosystem are networks like osmosis, Celestia, Thorcain and Cronos.

Cosmos price analysis

The price of ATOM has also appeared for technical reasons. The daily shows that the token fell on a small $ 3,4123 this week. This was an important level because he coincided with the lowest swing in September last year – a sign that he formed a large dual-bottomed sample whose neckline was largely in December 12.2.

Cosmos The price also formed a decrease in pattern of wedge on a wedge, which is composed of two descending and converting trends. Breaking the bakery usually happens when two lines are approaching their convergence.

There are signs that the token forms an exemplary sample of the bakery. The percentage price (PPO) gradually increased after the bottom in minus 9.95 at the beginning of this month.

Also, the relative power index (RSI) crossed a little over the descending trendline that connects the most swings from 13. December last year.

Therefore, a combination of falling wedge and double bottom signatures sign that the coin will refuse, probably to resistance level at $ 5.8,783, the lowest swing 20. December last year.

This goal is about 32% above current level. The fall below this month is low from $ 3.4, can be undone View Bullish.