<em><strong>The ATOM coin price action shows a bullish reversal within the rising wedge pattern which teases a 26% price jump shortly.</strong></em>

<span style="font-weight: 400;">Cosmos aims to create an internet of crypto networks connected by open-source tools that can be used to facilitate transactions between the networks. It's this emphasis on customization and interoperability that set Cosmos above other software projects.</span>

<span style="font-weight: 400;">Instead of focusing on the network it is part of, its aim is to build a network of networks that share information and tokens on a computer programmatically without a central authority in charge of the operation.</span>

<span style="font-weight: 400;">Let us move ahead to read about ATOM technical analysis.</span>

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<h2><b>Past Performance of ATOM</b></h2>
<span style="font-weight: 400;">The ATOM coin prices grew almost 20% in the last 48 hours resulting in a bullish recovery in the rising wedge pattern. The bullish engulfing candle near the support trendline of the wedge pattern which increases the chances of reversal. The 40% jump in the intraday trading volume suggests a rise in the buying pressure. </span>

<span style="font-weight: 400;">Therefore, the price action hints at a 25% price jump to the resistance trendline.</span>

<img src="https://s3.tradingview.com/snapshots/2/2uPmo4kh.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/2uPmo4kh/"><span style="font-weight: 400;">ATOM/USD Daily Chart</span></a>
<h2><b>ATOM Technical Analysis</b></h2>
<span style="font-weight: 400;">The <a href="https://www.cryptoknowmics.com/news/australian-reserve-banks-project-atom-cbdc-research-notices-several-benefits/">ATOM</a> coin price action shows a rising wedge pattern in the daily chart. Moreover, the lower price rejection near the support trendline suggests the ideology of a bullish reversal. </span>

<span style="font-weight: 400;">The crucial </span><b>EMAs </b><span style="font-weight: 400;">(</span><b>50, 100, and 200</b><span style="font-weight: 400;">) in the 24-hour timeframe maintain a bullish alignment, and the 50 and 100 day EMAs give a bullish crossover indicating a rise in buying pressure. </span>

<span style="font-weight: 400;">The ATOM price action indicates resistance </span><b>pivot level </b><span style="font-weight: 400;">at $45 and $56 above $40. The support levels are at $35 and $30 which can halt a sudden bearish U-turn.</span>

<span style="font-weight: 400;">The </span><b>RSI indicator</b><span style="font-weight: 400;"> at 60% shows a bullish reversal from the central mark in the daily chart. Moreover, the slope shows a bullish crossover with the 14-day SMA. Therefore, it indicates a bullish revolt to continue the uptrend.</span>

<span style="font-weight: 400;">The </span><b>MACD indicator </b><span style="font-weight: 400;">shows the fast line flattening near the slow line reflecting the line avoiding a bullish crossover. Therefore, the bulls are not ready to give up the trend control.</span>
<h2><b>Upcoming Trend</b></h2>
<span style="font-weight: 400;">The ATOM technical analysis shows an upside continuation in the rising wedge pattern in the daily chart. Moreover, the technical indicators and the price action tease a bullish reversal to the resistance trendline.</span>

<span style="font-weight: 400;">Therefore, traders can find a bullish continuation to the resistance trendline if the prices sustain above $40.</span>

ATOM Technical Analysis: Reversal in Rising Wedge Teases 25% Jump 

The ATOM technical analysis shows a bullish reversal within the rising wedge pattern which teases a 26% price jump shortly.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

ATOM Technical Analysis: Reversal in Rising Wedge Teases 25% Jump

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