Cosmos (ATOM) From Rags to Riches Amid 139% Surge Over Last Three Months

Cryptocurrency social intelligence tool LunarCrush revealed that ATOM was among the top-performing digital coins within the past 90 days.

Changing hands at $16, LunarCrush discovered that the 8th digital asset surged a remarkable 139% over the past three months. Also, it noted that the token’s social dominance surged by 76% in that timeframe. While publishing this post, ATOM’s social dominance hovered at 0.51%.

Moreover, Coinmarketcap indicated that Cosmos ranked #3 on the crypto list of tokens with the most surges last week. The 5% price uptick saw ATOM following Chiliz (CHZ), which grew by 6.13%. Also, CEL joined this list, with its impressive 14.02% double-digit soar in that timeframe.

Cosmos in September

The alternative token traded near $16,63 during this publication. The past 16 days saw ATOM’s price gaining approximately 38%. Moreover, Cosmos’ coin surged 10% during September 17 session, with the trading volume soaring by 14%.

Assessing the altcoin’s MACD (Moving Average Convergence Divergence) on the 24-hours chart indicated bullish dominance since September 6. The RSI (Relative Strength Index) tried to break into the overbought territory (70) on September 9. Nevertheless, the slump in buying momentum dropped the indicators to the 54 low as of September 13.

Considering the revived interest in ATOM’s accumulation, the RSI (Relative Strength Index) maintained upsides at 66 during this writing. Moreover, the coin’s CMF (Chaikin Money Flow) displayed a positive 0.22, indicating weakened selling strength since September 13.

Also, evaluating the EMA (Exponential Moving Average) showed that buyers control ATOM’s marketplace in this publication.

While writing this analysis, the 20-Exponential Moving Average swayed beyond the 50-EMA, indicating that bullish dominated with persistent token accumulation. The DMI (Directional Movement Index) supported the narrative, with buyer strength of 31.29 beyond sellers’ pressure at 13.56.

Santiment confirmed that Cosmos’ development activity soared within the past 90 days, with the network housing more than 250 Dapps and services. The metric surged by 43% in that timeframe.

Nevertheless, tokens held by large wallets with ATOM worth over $5 million noted steady declines during the 3-month window. Santiment showed the figure hovered at 42% at press time, from June’s 44%.

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