ATOM Price Show Signs Of Exhaustion, Following 3-Month Uptrend

Cosmos (ATOM) has managed to pull it off despite the decline in demand due to a bearish market. Altcoin rallied by 27% in the past week Cosmos’ integration with DOT, ETH to trigger a spike in demand ATOM price experiences exhaustion ATOM has been remarkably bullish since June and in fact, dubbed to the one top-performing cryptocurrencies in the past three months. The altcoin was on a bull run as seen in the past week, rallying by as much as 27%, following its rebound from the ascending support line. In the face of an upswing, ATOM is showing signs of a pullback especially since it appear to be hovering within the key resistance zone as of late. Could ATOM be nearing its exhaustion phase? Is it time to throw in the towel? Related Reading: Bitcoin Price Watch: BTC Facing Renewed Challenge To Keep Price Above $20,000 ATOM Facing Bearish Retracement ATOM has suffered a massive drop in May as it tested its resistance zone. The altcoin was not able to move past the key resistance level on August 24 and 25. As it is, Cosmos seems to be pushing through hurdles at the same level for the past few days. As of press time, the crypto is experiencing a bearish retracement. According to CoinMarketCap, the crypto’s price has nosedived by 6.19% or trading at $11.84. However, it’s selling activity remains incredibly low which might be connected to the updates or developments going on within the Cosmos network. There is a huge possibility ...