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Price Analysis

Cosmos Takes a Steep Downturn; Trades Around $3.0

ATOM exhibits a strong bearish movement when looked closely and compared with the price over the past 5 days. Cosmos was trading at $3.21 as on September 14, 2019, and post the said date, the coin has shown a healthy growth and even continued with the same. The highest trading price of the said time frame was $3.55 which was manifested on September 16, 2019. However, unable to maintain its efficiency it started to recede and reached as low as $3.15, on the next day. Over the past several days, the coin been moving with moderate volatility in hand.

ATOM to USD Price Analysis:

Cosmos (ATOM) Price
Cosmos (ATOM) Chart By TradingView

Cosmos at present indicates a bearish trend by 13% when compared to the trading price of $3.55 as on September 16, 2019.

However, we anticipate that the coin will manage to rise marginally in the upcoming days if the market gives the opportunity to do so.

As per the present movement of the coin, it is advisable to purchase the new coins and retain it for a long-term. Today, ATOM is expected to be traded in the range of $3.044 and $3.270.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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