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Cosmos ATOM Trades Below Short-Term Averages as Esebame Sets $1.85 Case

Cosmos ATOM Trades Below Short-Term Averages as Esebame Sets $1.85 Case

Photo: TokenPost

Cosmos (ATOM) traded at $1.73 on Oct. 17, below its listed short-term averages, as analyst Damilola Esebame’s $1.85 year-end base case sat about 6.9% higher. The spot quote was down 1.87% over 24 hours, with a reported 24-hour range of $1.71 to $1.78. Seven-day and 20-day simple moving averages stood at $1.80 and $1.79; the 12-day and 26-day exponential averages were $1.79 and $1.77. The 50-day and 200-day averages were both $1.71. MACD and signal-line readings were 0.0207, leaving a zero histogram. The listed technical levels put support at $1.70 and $1.67, and resistance at $1.77 and $1.81.

Source: TokenPost

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