ATOM Holds 18% On Weekly Chart While Major Coins Lost Profit

Jammy Hunts
Jammy Hunts

16 Mar 2023 3:10 PM

While top coins retraced a bearish trend and lost most of their weekly gains, Cosmos (ATOM) held on by 18.29% last week....

  • Cosmos (ATOM) held on by 18.29% last week while top coins retraced a bearish trend and lost most of their weekly gains.
  • ATOM recorded successive rallies over the past seven days, bringing it to its current price of $12.59.
  • The crypto market saw a brief relief from a long-running bearish trend caused by fear and uncertainty among investors, partly due to the reassurance from the US Fed’s interference to calm the situation.
  • The latest version of Cosmos SDK could influence ATOM’s price since it opens the ecosystem to high-performance applications.
  • ATOM price is down by 0.73%, with a 31.57% decline in trading volume, suggesting that most of ATOM’s gains came from the previous days’ rallies.
  • ATOM is still in an uptrend today, despite recording a slight pullback. Cosmos has posted three previous green days forming higher highs on the daily chart and confirming the uptrend.

The article has a generally positive sentiment towards Cosmos (ATOM) and the cryptocurrency market, with mentions of successive rallies, improved sentiment, and a long-term bullish signal.

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Related Questions

How did Cosmos (ATOM) perform compared to other top coins last week?
What factors contributed to the brief relief from the bearish trend in the crypto market?
How could the latest version of Cosmos SDK influence ATOM's price?
What is the current trend for ATOM's price and what indicators suggest a potential retracement?
What is the significance of the Federal Reserve meeting on March 21 for the cryptocurrency market?

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