ATOM coin price breaks crucial resistance trendline with a spike in buying volume as it teased the release of a new blockchain. 

Cosmos is a layer-1 Blockchain <a href="https://www.cryptoknowmics.com/news/cosmos-internet-of-blockchains-engage-with-defi-oracle-band-protocol/">solution</a> that brings smart contracts and decentralized apps (DApps) to Bitcoin. 

Furthermore, Cosmos network is building a new blockchain to allow developers to work and experiment with different protocols.

Let us now look at the detailed analysis of Cosmos cryptocurrency.
<h2>Past Performance of ATOM</h2>
ATOM coin <a href="https://www.cryptoknowmics.com/news/atom-technical-analysis-price-increased-up-to-the-35-81-level-trend-reversed-itself-and-a-downtrend-visible/">prices</a> were trading under the influence of a strong resistance trendline. Due to the pullback in action after facing resistance near the $44.5 mark. However, with the announcement of the release of a new blockchain the price rose 10% in a day. Thus, resulting in a bullish breakout of the resistance trendline. 

Hence, we can a see bull run in ATOM coin prices upon successful retest.

<img class="" src="https://s3.tradingview.com/snapshots/j/JiP7yTXd.png" alt="TradingView Chart" width="1310" height="650" />

Source -<a href="https://www.tradingview.com/x/JiP7yTXd/"> Tradingview</a>
<h2>ATOM Technical Analysis</h2>
ATOM cryptocurrency is currently at $34.09. as of the writing date. Additionally, the cryptocurrency has increased by 6.24% in the last 24 hours. Thus, indicating a rise in bullish powers. Moreover, the trading volume has increased by approximately 185% indicating a flood in the number of buyers.

As per the pivot points, the next prominent resistance levels after $44 are at $48 and $60. And, on the flip side, the support levels are at $32 and $21.

MACD and signal lines on the daily chart project a bullish reversal near the zero line. Moreover, the lines may soon generate a bullish crossover. Hence, the indicator gives a slightly weak bullish signal for the ATOM coin.

The RSI indicator shows growth in underlying bullishness as the slope rises above the central line. Furthermore, we can shortly observe the slope rise higher to the overbought region as the bullish trend sustains.
<h2>Upcoming Trend</h2>
As per the Cosmos technical analysis, the situation is gradually turning bullish for ATOM crypto. Moreover, the bullish breakout of the resistance trendline offers a solid entry spot.

ATOM Technical Analysis: Uptrend Ready To Hit $50 

In the technical analysis, ATOM coin price breaks crucial resistance trendline with a spike in buying volume as it teased the release of a new blockchain. 

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: Uptrend Ready To Hit $50

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