In this Cosmos Hub technical analysis, we will examine the current price action, trading volume, key levels and indicators for ATOM-USDT. Cosmos Hub (ATOM) is a decentralized network of independent, parallel blockchains, each powered by the Cosmos-SDK, an open-source framework for building scalable and interoperable blockchain applications. Through its modular architecture and proof-of-stake consensus algorithm, Cosmos Hub enables fast and secure transactions without sacrificing decentralization or security. By connecting independent blockchains through a unified network, Cosmos Hub fosters interoperability and collaboration among diverse blockchain ecosystems.
Cosmos Hub Price Overview:
As of September 22, 2023, Cosmos Hub is trading at approximately 7.142 USDT. Let’s dive into the detailed price action for ATOM-USDT:
| Metric | Value |
|---|---|
| Open (O) | 7.148 |
| High (H) | 7.237 |
| Low (L) | 7.078 |
| Close (C) | 7.142 |
| Volume (C) | 727,772.09 |
- Open (O): The opening price for today’s trading session was approximately 7.148 USDT.
- High (H): Cosmos Hub reached a daily high of around 7.237 USDT.
- Low (L): The daily low for ATOM-USDT was approximately 7.078 USDT.
- Close (C): At the time of analysis, Cosmos Hub is trading near its daily close of 7.142 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.08% |
| 3D Change (%) | -4.81% |
| 7D Change (%) | 3.01% |
| 30D Change (%) | -3.86% |
| 90D Change (%) | -23.90% |
| YTD Change (%) | -23.66% |
Over the past three days, ATOMUSDT has declined by approximately -4.81%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 3.01%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ATOMUSDT maintaining a downward trend of approximately -3.86%, despite intermittent fluctuations. Examining the last 90 days, ATOMUSDT has witnessed substantial decrease of approximately -23.90%, reflecting strong long-term confidence. Year-to-date, ATOMUSDT has steadily dropped by around -23.66%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Cosmos Hub Live Chart:
You can access a live price chart for ATOM-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.41514.
- Momentum score is -0.03863.
ATOM USDT Technical Analysis
Cosmos Hub Trading Volume:
The trading volume for Cosmos Hub (ATOM) over the past 24 hours has been insignificant, with approximately 727,772.09 USDT traded against ATOM. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): ATOM is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Cosmos Hub is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ATOM-USDT is currently in the low zone, around 44.80103. This suggests that Cosmos Hub is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Cosmos Hub (ATOM-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.
