• One of the most significant risers of the last 24hrs has been the price for Cosmos (ATOM).
• ATOM’s price has also strengthened against (BTC) and (ETH) by around 7.09% and 7.39% respectively at the time of writing.
• TA suggests that there may be a slight retracement.

Cosmos (ATOM), which is the price of cryptocurrency, has seen the largest rise in 24 hours. However, the market appears to have not yet followed suit. According to CoinMarketCap, this is the cryptocurrency market tracker.

Ranked number 27 on CoinMarketCap’s list of the largest cryptocurrency projects by market cap, ATOM’s market cap currently stands at $3,361,999,744. AtOM’s daily trading volume has increased by astonishing 36.97%. It also boasts a remarkable $426,355,934 collective 24-hour trading volume.

ATOM’s price has also strengthened against Bitcoin (BTC) and Ethereum (ETH) by around 7.09% and 7.39% respectively at the time of writing. At the moment, ATOM’s value is approximately 0.0003924 BTC or 0.005762 Ethereum.

ATOM is one of the handful of crypto projects on CoinMarketCap’s list that have seen a price gain in the last 24 hours. At the time this article was written, its price had risen approximately 9.50%. ATOM currently costs $11.74. ATOM’s price has dropped by 21.71% over the last seven days.

Source: TradingView. 8 EMA crosses over 20 EMA in ATOM 4H chart

The 4 hour chart of ATOM/USDT shows that a bearish signal was flagged when the 8 EMA crosses above the 20 EMA. We could see ATOM’s price continue rising if the 8 EMA can maintain its position over the 20 EMA.

At this moment the histogram shows a positive trend. The histogram gradient does appear to be negative, however. Given the prior two price rises from ATOM’s latest bottom and the small retracement that followed, it’s reasonable to believe that there may be another retracement coming soon for the coin when looking at just the 4 hour chart.

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