Will it continue to rise today? | $ATOM
Factors that could favor further increases
1. Strong technical momentum: A marked intraday advance shows bullish determination and could generate more buying.
2. High market participation: Trading volume has surged, which typically accompanies sustained bullish movements.
3. Favorable sector context: The rest of the crypto market also shows strength, which could support additional momentum for ATOM.
Risks and uncertainties
1. High intraday volatility: Wide intraday ranges (between $4.31 and $4.85) indicate volatility; we could see pullbacks if there is profit-taking.
2. Lack of immediate fundamental catalysts: There are no recent news directly linked to Cosmos that justify continuing the rally.
3. Technical overbought: Prolonged increases could lead to overbought signals in indicators such as RSI, although this has not yet been confirmed.
Those who have followed me in recent days know my optimistic view; I believe it will rise even more in the coming days, but we must stay alert to changes
