Cosmos Price Prediction for Today, June 12: ATOM/USD Moves to Hit $10.00 Resistance

Updated: 03 June 2024

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The Cosmos price prediction may continue to show a bullish movement if the market could rise above the $10.00 resistance level.

Cosmos Price Statistics Data:

Cosmos price now – $8.81
Cosmos market cap – $3 billion
Cosmos circulating supply – 346.6 million
Cosmos Coinmarketcap ranking – #20

ATOM/USD Market

Key Levels:

Resistance levels: $10.80, $11.80, $12.80

Support levels: $6.70, $5.70, $4.70

Cosmos Price Prediction for Today, June 12: ATOM/USD Moves to Hit $10.00 Resistance — ATOMUSD – Daily Chart

ATOM/USD is showing positive movement as the market moves toward the 9-day and 21-day moving averages. Apart from this, the Cosmos price still needs to head toward the upper boundary of the channel and traders can expect the price to continue to rise as soon as this is done.

Cosmos Price Prediction: Cosmos Price Will Spike in the North

The daily chart shows that the Cosmos price is attempting to create more positive trends, and traders can expect a bullish continuation which could test the resistance level of $10.00. Moreover, the technical indicator reveals Relative Strength Index (14) is crossing above the 30-level to locate the potential resistance levels at $10.80, $11.80, and $12.80.

However, if the Cosmos price maintains the rising channel pattern, traders may witness additional bullish trends in the coming trading sessions. Meanwhile, a bearish breakdown could play out for this market if the Cosmos price withdraws back below the lower boundary of the channel, and this could roll the coin back to the supports at $6.70, $5.70, and $4.70.

Against Bitcoin, the Cosmos price keeps following the bullish movement and if the coin touches the resistance level of 5000 SAT, the coin is likely to create additional gain as the technical indicator Relative Strength Index (14) moves to cross above the 40-level, which indicates that more bullish signals are going to play out and traders could see a bull run to the resistance level of 4000 SAT and above.

In other words, if ATOM/BTC crosses below the lower boundary of the channel, it may bring the coin to the nearest support at 3000 SAT, and any further bearish movement could lower the price to the support level of 2800 SAT and below.

Alternatives to Cosmos

The Cosmos price is seen refreshing to a new daily high as the coin heads to the upside to trade close to the resistance level of $10.00. Meanwhile, the coin is currently trading at $8.82 with a bullish movement heading toward the 9-day and 21-day moving averages, if the bulls increase the buying pressure, more upsides could be broken. On that note, due to its high rates of return on investment, the Wall Street Memes token benefits traders. A YouTuber with over 236,000 subscribers, recently released a video discussing the WSM token in glowing terms and speculated that it could be the next 10x meme coin. There has already been close to $7 million raised during the presale and it’s still counting.

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