According to the analysis, Cosmos has struggled on the price charts in the latter half of the month, but buyers have slowly clawed their way back into a position of strength. After the drop to the $10.65 level on 28 March, ATOM bulls were able to fight back the bearish malaise and succeeded in defending the $10.97-$11 support zone. However, the market structure remains bearish on the four-hour timeframe, with a series of lower highs and lower lows since breaking down beneath the $12.73 support level on 18 March. The lower high at $11.65 must be breached before the bias can turn bullish. The spot CVD has shown heavy demand behind the token, indicating that Cosmos bulls might drive the prices back above $11.5. Fibonacci retracement levels may halt the bulls, at least temporarily. (ambcrypto)