norbert kowalczyk jrKKj9nJMxM unsplash 1000x600 1 Cosmos: New interchain security developments has had this effect on ATOM

Cosmos: New interchain security developments has had this effect on ATOM

* ATOM has rallied by more than 30% from its latest local low.
* ATOM was last trading at $11.78, a slight drop from its 24-hour high of $12.48.
* ATOM’s dip pushed well into the RSI’s oversold zone.
* The reversal took place courtesy of healthy accumulation according to the MFI indicator.
* ATOM’s rally has unfortunately not been as pronounced as one would expect, given the magnitude of the dip.
* The Cosmos blockchain is drawing closer to the launch of its interchain security.
* The interchain security launch can potentially contribute to more investor confidence, thus potentially strengthening its recovery.

 

 

norbert kowalczyk jrKKj9nJMxM unsplash Cosmos: New interchain security developments has had this effect on ATOM
Cosmos: New interchain security developments has had this effect on ATOM 3

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