Cosmos price analysis: Bears arrest bullish rally from towering above $40

TL;DR Breakdown The Cosmos price analysis shows a declinePrice levels have receded past the $35 zone. Successive bearish attempts observed this week. The Cosmos price analysis is indicating a fall in the price today as the bearish momentum has been successful in overcoming the bullish rally. The bears have been able to fight back the outgrowing bullish momentum, and have secured their place on the price chart once again, ATOM is retracing after a few steep step-ups in price. The drop has been significant as the trending line is also favoring the bears at this point. The price has undergone decline as it has now stooped low to the $35 level. ATOM/USD 1-day price chart: Bears make way for a comeback after struggle The 1-day Cosmos price analysis is going bearish for the day as the bears are making efforts to win back their position. The past week has been extremely successful for the bulls as they have covered a long-range and have broken past the resistance level as well. Yet, today the trends are on the opposite as the bears have caused the price to decrease up to $35.324. The bullish pressure observed in the past few days has been extraordinary as the moving average (MA) is quite lower than the price i.e. at $28.5. ATOM/USD 1-day price chart. Source: TradingView The volatility has increased tremendously as the upper Bollinger band value is now at $35.253 and the lower Bollinger band value is at $35.38. The recent bearish act...