Cosmos Breaks Out of Its Parabolic Curve, Will the Bulls Redeem?
- Cosmos begins the week with a false start but the bulls uplift it from the red zone.
- The bears pulled ATOM down from $12.97 to $12.24 on the seventh day of the week.
- If the bulls are strong enough, they could put ATOM back on the parabolic curve.
Cosmos (ATOM) was priced at $12.10 when the markets opened for trading this week. Just after a little spike in the green zone, ATOM tanked into the red zone on the first day of the week as shown below. The token receded in the red zone for two days, reaching its lowest price of $11.51. However, in the early hours of the second day, the bulls pulled ATOM into the green zone.
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