Cosmos Struggles With $17 As Price Heads Into Distribution Phase

ATOM struggles to break $17 as the price gets rejected.
The price of ATOM enters the distribution phase on a daily timeframe.
ATOM’s price needs to hold the key support at $12 to maintain a bullish structure.
Hidden bearish divergence resurfaces in the 4H timeframe.Cosmos (ATOM) has been the major player of the current relief bounce, with price rallying from a region of $6 to $17, with many paying so much attention to its ecosystem as this could prove to be a major player also in the bull