IncomeSharks, a market analysis and education platform, recently predicted that the price of Cosmos (ATOM) would increase later in the month. On April 4, 2023, the platform shared a post on Twitter, stating that they had observed a bullish OBV breakout on ATOM’s chart. They believed that this would be followed by a price increase for the altcoin.
True to their prediction, IncomeSharks once again took to Twitter to confirm that the OBV had played out perfectly, and ATOM’s price had moved in the predicted positive direction. At present, CoinMarketCap indicates that ATOM is among the cryptocurrencies trading in the red for the day. The crypto is currently trading at $12.62 after a 1.37% price decrease over the last 24 hours. During the same period, ATOM reached a high of $12.93 and a low of $12.46.
Despite the small impact on the crypto’s weekly performance, ATOM is still up by more than 14% over the last seven days, which proves that the OBV played out in ATOM’s favor. The crypto’s 24-hour trading volume is currently in the green zone and stands at $176,543,632 after a more than 4% increase since yesterday.
After its 1+% loss, ATOM’s market cap now stands at $3,609,483,135, making it the 20th biggest crypto in terms of market capitalization. Readers are advised to do their own research and due diligence, as the views and opinions shared in this price analysis are published in good faith. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.