ATOM Rises To Multi-Week High, Daily RSI Shows Bullish Pattern

Cosmos (ATOM) was trading higher on Tuesday, as prices earlier in the day reached a multi-week high. The ATOM/USD pair reached its highest level since June 10 on Wednesday, as prices fell below the $10 threshold. Following the Fourth of July celebrations, during which prices dipped to $8.14, ATOM reached an intraday high of $9.27. The price of ATOM has increased significantly over the past several weeks with the revelation that, by September, Cosmos projects would be able to attain the highest level of security in the ecosystem. Cosmos enables developers to design app-specific blockchains that are easily interoperable. Cosmos (ATOM) Rising, Up 30% This Month ATOM has experienced significant expansion. Since the beginning of July, the token’s value has increased by more than 30 percent, and by 42 percent since the announcement of its anticipated incorporation into THORChain. This year’s news of Cosmos’ switch to the Interchain Security protocol, which considerably improves the security of Cosmos Hub and the performance of the entire ecosystem, contributed to the clear acceleration of ATOM’s price. Suggested Reading | Ethereum Gains 10% In 24 Hours – Is ETH Set To Rally Further? ATOM has been trending upwards since the middle of June, and on June 30 produced its first higher low. It is currently breaking through a short-term resistance band. The daily chart is more bullish than bearish. This is becau...