For ATOM to continue with the uptrend, it needed to break and stay above the key level at $5.
ATOM crypto was up 6% in a day, with the price chart showing a break of the descending trendline. Its reaction at the $5 zone could determine its potential to continue trending higher. Cosmos [ATOM] achieved a 6% increase in a day as it successfully breached the declining trendline that appeared on its daily chart. If bullish momentum maintains its pace, ATOM could continue trending higher as it did the last two days. ATOM came dangerously close to the $5 resistance, which was essential to be broken for a bullish confirmation. ATOM's price exceeding $5 and establishing long-term position above current levels could provide potential for a rally, which could reach new resistance barriers. A failure to break and hold prices above $5 could make the bullish setup pointless and result in price rejection that could trigger market decline. A price movement to $4.30 level may signal ATOM's weakness, which could trigger lower support areas near $4. The MACD indicator displayed a weak bullish orientation from its histogram that was slightly bearish from bullish. The proximity of MACD to…