The market analysis and education platform IncomeSharks (@IncomeSharks) posted on Twitter earlier this month to share a prediction of what the price of Cosmos (ATOM) could do later in the month. According to the post made on 4 April 2023, IncomeSharks saw a bullish OBV breakout on ATOM’s chart and explained that they believe it will be followed by a price increase for the altcoin.
Cosmos / US Dollar 1D (Source: Twitter)
This prediction became a reality as IncomeSharks once again took to Twitter this morning to add to the previous post. According to their latest post, the OBV played out perfectly and ATOM’s price moved in the predicted positive direction.
Cosmos / Tether US 1D (Source: TradingView)
At press time, the market tracking website CoinMarketCap indicates that ATOM is currently one of the cryptos trading in the red for the day so far. ATOM is now trading hands at $12.62 after a 1.37% price decrease over the last 24 hours. The crypto was also able to reach a high of $12.93 and a low of $12.46 over the same time period.
ATOM’s performance over the last 24 hours has had a minuscule impact on the crypto’s weekly performance as the altcoin is still up by more than 14% over the last seven days, proving how the OBV played out in ATOM’s favor. The crypto’s 24-hour trading volume is in the green zone currently, 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. This means ATOM is ranked as the 20th biggest crypto in terms of market capitalization.
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