Cosmos Clings To $12 As Price Struggles, Will This Region Act As Strong Support?

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ATOM’s price shows strength as price breaks bounced off from $12 with good volume with eyes set to reclaim $13. ATOM breaks out of a downtrend as the price resumes a bullish structure. The price of ATOM continues to trade above 50 Exponential Moving Average (EMA) in the four-hourly timeframe. The price movements of Bitcoin (BTC) have hurt most altcoins, with Cosmos (ATOM) finding its price at key support as bulls defend this region with blood and sweat. The recent Consumer Price Index news had a significant impact on the crypto market, as the price of BTC fell to a low of $18,200 ...

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