Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Cosmos Is Stuck In A No-Trade Zone

By Crypto BriefingCryptocurrencyMar 27, 2022 12:42AM ET
Cosmos Is Stuck In A No-Trade Zone
By Crypto Briefing   |  Mar 27, 2022 12:42AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items

Cosmos' ATOM token has been underperforming as its price action remains subdued in a no-trade zone.

Key Takeaways

  • ATOM's price action is getting squeezed within a tight range.
  • There are no clear signals about the direction of the token's trend.
  • A decisive close outside the $26 to $31 range should resolve Cosmos' ambiguity.

Cosmos’ ATOM token continues to consolidate without providing any clear signals of where it will head next.

Cosmos Remains Stagnant

Cosmos may have generated a significant amount of hype this year, but ATOM is still trading sideways.

The native token for the so-called "Internet of Blockchains" has seen its price endure a squeeze after a prolonged stagnation period, signaling that a spike in volatility is underway.

Cosmos has been touted as one of the most promising ecosystems across the crypto community in recent months, with growing interest in projects like JUNO and Osmosis. However, since the beginning of the year, ATOM has been stuck within a $5 price range.

From a technical perspective, it appears that the 100-day moving average at $26 on the three-day chart has been acting as support, while the 50-day moving average at $31 serves as resistance.

As long as the token continues trading in between both levels, ATOM looks stuck in a no-trade zone. However, a decisive three-day candlestick close outside the 100-day and 50-day moving average should determine where its price will head next.


Source: TradingView

Zooming out on the three-day chart reveals that ATOM’s governing pattern is a parallel channel that developed in early September 2021. This technical formation provides potential targets for where ATOM could trade after breaking out of the no-trade zone.

A bullish impulse that sends Cosmos above $31 could have the strength to see it rise towards the channel’s upper trendline at $44. But if sell orders increase and the $26 level is lost as support, it could dive to the channel’s lower boundary at $21.

Given the ambiguity that ATOM currently presents, it is likely that many traders will remain on the sidelines, waiting for confirmation before entering any long or short positions.

Original Post

Cosmos Is Stuck In A No-Trade Zone

Related Articles

Cosmos Is Stuck In A No-Trade Zone

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
Sign up with Email