{"id":2915,"date":"2022-03-27T12:46:02","date_gmt":"2022-03-27T12:46:02","guid":{"rendered":"https:\/\/fatburningcoffeetrick.com\/?p=2915"},"modified":"2022-03-27T12:46:03","modified_gmt":"2022-03-27T12:46:03","slug":"cosmos-is-stuck-in-a-no-trade-zone","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=2915","title":{"rendered":"Cosmos Is Stuck in a No-Trade Zone"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<h3>Key Takeaways<\/h3>\n<p>ATOM&#8217;s price action is getting squeezed within a tight range.<br \/>\nThere are no clear signals about the direction of the token&#8217;s trend.\u00a0<br \/>\nA decisive close outside the $26 to $31 range should resolve Cosmos&#8217; ambiguity.\u00a0<\/p>\n<p>Share this article<\/p>\n<p>Cosmos\u2019 ATOM token continues to consolidate without providing any clear signals of where it will head next.\u00a0<\/p>\n<h2>Cosmos Remains Stagnant<\/h2>\n<p>Cosmos may have generated a significant amount of hype this year, but ATOM is still trading sideways.<\/p>\n<p>The native token for the so-called \u201cInternet of Blockchains\u201d has seen its price endure a squeeze after a prolonged stagnation period, signaling that a spike in volatility is underway.\u00a0<\/p>\n<p>Cosmos has been touted as one of the most promising ecosystems across the crypto community in recent months, with growing interest in projects like JUNO and Osmosis. However, since the beginning of the year, ATOM has been stuck within a $5 price range. From a technical perspective, it appears that the 100-day moving average at $26 on the three-day chart has been acting as support, while the 50-day moving average at $31 serves as resistance.\u00a0<\/p>\n<p>As long as the token continues trading in between both levels, ATOM looks stuck in a no-trade zone. However, a decisive three-day candlestick close outside the 100-day and 50-day moving average should determine where its price will head next.\u00a0<\/p>\n<p><em>Source: TradingView<\/em><\/p>\n<p>Zooming out on the three-day chart reveals that ATOM\u2019s governing pattern is a parallel channel that developed in early September 2021. This technical formation provides potential targets for where ATOM could trade after breaking out of the no-trade zone.\u00a0<\/p>\n<p>A bullish impulse that sends Cosmos above $31 could have the strength to see it rise towards the channel\u2019s upper trendline at $44. But if sell orders increase and the $26 level is lost as support, it could dive to the channel\u2019s lower boundary at $21.\u00a0<\/p>\n<p>Given the ambiguity that ATOM currently presents, it is likely that many traders will remain on the sidelines, waiting for confirmation before entering any long or short positions.\u00a0<\/p>\n<p><em>Disclosure: At the time of writing, the author of this piece owned BTC and ETH.<\/em><\/p>\n<p>Share this article<\/p>\n<p>The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.<\/p>\n<p>You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.<\/p>\n<p>See full terms and conditions.<\/p>\n<h3 class=\"title\">NFT Express: Your on-ramp to the world of NFTs<\/h3>\n<p>\nAt Tatum, we\u2019ve already made it super easy to create your own NFTs on multiple blockchains without having to learn Solidity or create your own smart contracts. Anyone can deploy&#8230; <\/p>\n<h3 class=\"title\">Cosmos Developer Tendermint Rebrands to Ignite<\/h3>\n<p>\nTendermint, the company behind the blockchain interoperability protocol Cosmos, has rebranded to Ignite. Ignite to Continue Building Cosmos Tendermint, the core contributor to Cosmos, is now called Ignite. According to&#8230; <\/p>\n<h3 class=\"title\">Cosmos, Fantom Aim to Recover From Market Volatility<\/h3>\n<p>\nCosmos and Fantom appear to be turning bullish as buying pressure builds. Both cryptocurrencies could retest previous all-time highs if they maintain momentum.\u00a0 Cosmos Holds Steady Cosmos and Fantom have&#8230; <\/p>\n<h3 class=\"title\">Next-Generation Privacy Infrastructure Provider Nym Introduces Cosmos-&#8230;<\/h3>\n<p>\nPrivacy infrastructure startup Nym Technologies has commenced another step towards its fully functional mainnet launch. The Nym team has generated the first block for its Nym mainnet on the blockchain&#8230; <\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptobriefing.com\/cosmos-is-stuck-in-a-no-trade-zone\/?utm_source=main_feed&#038;utm_medium=rss\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways ATOM&#8217;s price action is getting squeezed within a tight range. There are no clear signals about the direction of the token&#8217;s trend.\u00a0 A decisive close outside the $26 to $31 range should resolve Cosmos&#8217; ambiguity.\u00a0 Share this article Cosmos\u2019 ATOM token continues to consolidate without providing any clear signals of where it will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2916,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[4],"tags":[],"class_list":["post-2915","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/2915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2915"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/2915\/revisions"}],"predecessor-version":[{"id":2917,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/2915\/revisions\/2917"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/2916"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}