ATOM: Can bulls sustain rally for more gains?

AMBCrypto
AMBCrypto

19 Sep 2023 10:30 PM

ATOM buyers claim the $7 price level, signaling their long-term bullish intent. ...

  • ATOM (Cosmos) experienced a 10.4% gain in the last 24 hours, consolidating its bullish rebound above $7.
  • Buyers successfully flipped the $7 resistance level to support, signaling long-term bullish intent.
  • The Relative Strength Index (RSI) surged from 29 to 63, indicating significant purchasing power of bulls.
  • The On Balance Volume (OBV) rose from 188 million to 191 million, suggesting potential for more gains in the mid to long term.
  • Shorts in the futures market suffered losses of $225.15k, accounting for 87.3% of total liquidations.

The sentiment in the article is predominantly positive, highlighting the bullish gains and demand for ATOM.

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What was the percentage gain of ATOM in the last 24 hours?How did buyers successfully signal long-term bullish intent?What indicators reflected the significant purchasing power of bulls?How much did shorts lose in the futures market due to bullish gains in ATOM?

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