The ATOM coin price approaches a critical level for a breakout

The cosmos coin price saw a bullish momentum after reflecting the Doji candle in terms of the weekly price chart.
The ATOM coin price is trading above the EMA Ribbon indicator over the daily price chart, but the price is still below the crucial resistance level.

The ATOM investors may become aggressive after noticing the bullish indication of the super trend indicator over the last night. The ATOM coin has immediate resistance at $35; if bulls maintain the daily price graph above it by the end of this week, we could expect the fresh all-time high. Meanwhile, the weekly low seems to be a strong support level.

According to Fib retracement, the Cosmos coin price is struggling to close the daily price candle above the 0.50 level ($33-mark). Buyers should wait for the trend confirmation.

The EMA Ribbon indicator is moving below the daily price of the ATOM coin, which signals a bullish trend for long-term investments. Moreover, the Stoch RSI is moving higher above the 90-mark, suggesting a robust buying scenario.

Conclusion

The significant technical indicators for the Cosmos (ATOM) coin price analysis are in bullish territory. But still, the ATOM crypto price is below the crucial resistance level of $35.

Support level - $20 and $17
Resistance level - $35 and 45