0R15 7603.0 -1.7651% 0R1E 7406.0 -1.3848% 0M69 None None% 0R2V 168.75 -0.8811% 0QYR 1341.134 1.2177% 0QYP 392.5 -4.0342% 0LCV 132.52 -0.8084% 0RUK 2940.0 0.616% 0RYA 1742.0 -2.1348% 0RIH 157.95 -0.2211% 0RIH 155.51 -1.5448% 0R1O 171.25 9561.4951% 0R1O None None% 0QFP 8920.4336 76.9927% 0M2Z 296.7062 -0.5009% 0VSO 23.61 -33.6891% 0R1I None None% 0QZI 492.5 -0.1014% 0QZ0 220.0 0.0% 0NZF 859.0151 72.3546%

Crypto Report

One Cryptocurrency Sustaining Above the Support Levels- Cosmos (ATOM)

Mar 28, 2024

Crypto Market Round-Up

Typically, cryptocurrencies are termed as digital currencies and use blockchain technology to record every transaction. Cosmos (ATOM) is a decentralized ecosystem of autonomous blockchains intended to build the next-generation Internet. Each blockchain in the Cosmos is powered by Tendermint consensus, which is also used by the network, and BFT consensus algorithms. ATOM has a market capitalization of ~USD 4.90 billion (as per TradingView as of March 28, 2024).

Last week, the benchmark S&P Cryptocurrency Broad Digital Market (BDM) Index started on a negative note and maintained a bearish momentum for the entire week. The index declined by 375.05 points (~7.60%) to 4556.77 for the week ending March 22, 2024. In the current week starting March 25, 2024, the index is trading with positive momentum. Moreover, other major cryptocurrencies, such as Bitcoin and Ethereum, are witnessing bullish momentum for the current week.

Having understood the S&P Cryptocurrency BDM Index movement over the last week and the scenario for the upcoming week, one crypto that seems ‘Bullish’ at the current level appears to be Cosmos (ATOM) based on the below technical parameters: -

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