🔷️ #ATOM has been struggling to break through a long-standing resistance zone. On the daily timeframe, a rising triangle formation is visible. As long as the price doesn't close below the blue line on the daily chart, this structure remains valid and it may attempt to test the resistance zones marked with yellow lines.
🔹 MACD: In the positive zone, buy momentum is strengthening
🔹 RSI: Around 60, within bullish territory
🔹 ADX: At 27, indicating increasing trend strength
🔹 Moving Averages: Most are flashing “buy” signals
🔍 What is Cosmos ( $ATOM )?
Cosmos is a modular blockchain ecosystem that enables interoperability between different blockchains. It uses the Tendermint consensus mechanism.
The ATOM token is used for staking, governance, and transaction fees. Through the IBC protocol, it facilitates cross-chain communication and asset transfers.
‼️ This is not investment advice.
