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ATOM Price Continues to Soar with a 5.46% Increase

Cosmos (ATOM) has experienced a surge in price, rising 5.46% in the past 24 hours, according to CoinMarketCap.

Cosmos (ATOM) Coin Logo
Cosmos (ATOM) Coin Logo

This puts the price of ATOM at $9.88 at the time of writing. In addition, the altcoin has seen gains against both Bitcoin (BTC) and Ethereum (ETH), increasing by 4.18% and 3.82% against each, respectively.

ATOM Trading Volume Experiences 40.20% Increase

There has also been a notable increase in the daily trading volume for ATOM, with a 40.20% increase over the past 24 hours. This has brought the total trading volume for the cryptocurrency to $98,152,610.

ATOM Price Chart Indicates Bullish Trend

Looking at the daily price chart for ATOM, the cryptocurrency is on a bullish trend. The altcoin has established an ascending price channel, with higher highs and higher lows consistently recorded over the past two weeks.

The price is currently trading above the 9-day and 20-day EMA lines and appears to be breaking out of the channel with a potential move toward the resistance level at $10.5. Technical indicators also support this bullish trend, with the 9-day EMA currently above the 20-day EMA and the daily RSI line sloping steeply toward the overbought territory.