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Cosmos (ATOM) has been falling since completing a double top pattern on Sept. 17 but has managed to hold on above the $13.30 horizontal support area.

Weak bullish movement in ATOM market ATOMUSD Price Analysis – September 23 ATOM may break up the resistance level of $14 provided the bulls increase

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Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding As L1 ecosystems continue to become more interconnected, teams in the Cosmos ecosystem are taking a variety of approaches to address the problem of fragmented liquidity.  The Solana network is nearing the release of a critical upgrade that promises to significantly improve its ability to handle user demand. Meanwhile, the Near ecosystem is seeing a spike in usage after the launch of its step-to-earn protocol Sweat Economy

ATOM has shown signs of strength since June while the rest of the market has floundered. Anticipation surrounding ATOM 2.0, set to be revealed in four days' time, may be fueling prices.

  The general outlook of the ATOM/USD market is an uptrend. The price support levels are rising as the market progresses.

Bitcoin's price traded lower for the second time over the last three days and when traders settled-up at 12:00 UTC

ATOM struggles to break $17 as the price gets rejected. The price of ATOM enters the distribution phase on a daily timeframe.

The global crypto market has shown a positive trend as it has struggled with losses. The recent hours brought gains to various coins, including Bitcoin, Binance Coin, and others.

Cosmos is likely to announce the interchain security feature next week, opening doors for the token to capture value from the entire network.

Cosmos (ATOM) has broken out from a long-term resistance but has created a short-term bearish pattern which could lead to a slight retracement. The post Cosmos (ATOM) Price Looks Ready to Break out, With Next Resistance at $22 appeared first on BeInCrypto.

Pretty much the majority of tokens plunged into a deep well in the aftermath of the Ethereum merge. The overall cryptocurrency market cap, at press time, fell to the $900 billion mark after suffering a fresh 8% correction.

ATOM remained an exception to the general downtrend of the crypto market for a couple of days as it continued to gain despite heavy price fluctuations of other tokens. The Ethereum Merge took place successfully on September 15th, marking a historic moment in the history of crypto.

ATOM was among the few cryptocurrencies that managed to bypass last week's bearish pressure. While this paved the way for the bulls, their dominance is short-lived after encountering friction at its short-term resistance level.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Since swopping to its 17-month low on 18 June, Cosmos (ATOM) bulls have been on a roll as they kept finding fresher highs over the last three months.

ATOM goes on a price rally, almost hitting double figures as the coin surges by 9.4%. The coin has hit a four-month high amid the plunging of major coins in the aftermath of The Ethereum Merge.

According to crypto social intelligence tool, LunarCrush, ATOM, has been one of the best-performing cryptocurrencies in the last 90 days. With its price at the $16 price level, LunarCrush found that the price of the #18 largest cryptocurrency had gone up by 139% in the last three months.

This week, the altcoins' price is in an uptrend but is facing challenges at their respective overhead resistance levels.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. According to Coinglass data, the Long vs Shorts for Cosmos [ATOM] was skewed slightly in favor of the longs on popular exchanges such as Binance, FTX, and Okex over the past 24 hours.

A day after the much-anticipated Merge, many cryptocurrencies have lost more than they gained. The entire market is red, and even the top performers are not showing signs of price gains.

Cosmos was once again in the green, as the token moved closer to a four-month high during Friday's session. Prices rose past a key resistance level during the day, as bullish sentiment continued to rise. Chainlink also traded higher, as prices surged for a third straight session.

It's been an exceptionally bearish week as most of the cryptocurrencies are trading in the red. Bitcoin, the world's first cryptocurrency, has lost its $20,000 level and is trading around the $19,000 level.  The second largest cryptocurrency by market cap, Ethereum, has also lost its key trading level and has dropped to around $1,400.

While Bitcoin price has dropped below $20,000, a renowned crypto analyst and trader claims to be waiting for the right action to predict BTC price. An anonymous trader who is known as Altcoin Sherpa, informs his 183,100 fanbase over Twitter that Bitcoin's price action is unpredictable as its hit with pump and dump pattern.

A widely followed crypto analyst says he's still waiting for a clear point of view after Bitcoin's (BTC) recent price drop. Pseudonymous trader Altcoin Sherpa tells his 183,100 Twitter followers that BTC's price action is up and down at the moment. “BTC: Price is fractal, we're seeing this same price action – stairs up, elevator down.