COSMOS (ATOM) to the Moon? Not so fast. – FX Leaders

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*ATOM: Daily Timeframe, has bounced above the major support level againATOM broke above a multi-year resistance area of 7.50 to 8.80 early this year and surged to all-time highs of 32.32 in May 2021, which represents a gain of more than 200% in just a few months. Since then, ATOM has fallen back to this previous resistance area that has now turned into support. Since the crypto crash of this year, it has bounced above this major support level at least four times in the past three months.Major support level: 8.00 to 9.00. ATOM has bounced at least four times upon reaching this area.Bounce LowRally PeakLow to PeakBounce#Date          PriceDate             Price% GainDuration (days)1May 19         9.551May 21           17.56184%22May 23           8.51June 3             17.2102%113Jun 22           7.83Jul 11             14.889%19*4Jul 20            8.93Aug 11           15.45673%22 *Fourth bounce: Jul 20 to Aug 11  not yet
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