Cosmos Price Prediction for Today, December 12 – ATOM Technical Analysis

The Cosmos price prediction reveals that ATOM may create a new upward movement if the bulls increase the buying pressure.

Cosmos Prediction Statistics Data:

• Cosmos price now – $11.72
• Cosmos market cap – $4.4 billion
• Cosmos circulating supply – 378.7 million
• Cosmos CoinMarketCap ranking – #20

ATOM/USD Market

Key Levels:

Resistance levels: $13.5, $14.5, $15.5

Support levels: $8.5, $7.5, $6.5

ATOM/USD recovers above the resistance level of $12.4 and it is likely to spike above the upper boundary of the channel. The Cosmos price is currently hovering above the 9-day and 21-day moving averages as bulls keep dominating the market. Meanwhile, the red line of the 9-day MA remains above the green line of the 21-day MA, conforming that the bulls are here for business.

Cosmos Price Prediction: Would ATOM Price Reach the $13 Level

According to the daily chart, the Cosmos price may continue to create a new uptrend as it is likely to hit the resistance level of $12.5 if the price crosses above the upper boundary of the channel. Meanwhile, ATOM/USD remains in a bullish position and if it stays above the moving averages, it could present more of a chance of bullish movement.

Nevertheless, if the traders could see a tremendous climb above the channel which is fast approaching; it may likely reach the resistance at $13.5, $14.5, and $15.5 levels. On the contrary, dropping below the moving averages may hit the critical support levels of $8.5, $7.5, and $6.5 respectively while the 9-day MA remains above the 21-day MA.

ATOM/BTC Trades Bullishly

Against Bitcoin, the Cosmos price is likely to create additional gains if it crosses above the upper boundary of the channel. However, the coin is currently experiencing a strong buying power as the bears are trying to gain momentum. Meanwhile, the sellers may release huge pressure on the market if the coin crosses below the moving averages.

At the moment, the 9-day MA is hovering below the 21-day MA, and should the bears manage to find support near the lower boundary of the channel, a downward movement could bring the price to the support level of 2100 SAT and below. However, a push above the upper boundary of the channel could lead the market price to the resistance level of 3200 SAT and above.

Cosmos Alternatives

The Cosmos (ATOM) price is on an upward trend, surpassing the 9-day and 21-day moving averages. Meanwhile, to fully confirm the positive momentum, the coin needs to breach the upper boundary of the channel. However, the Cosmos (ATOM) is recognized as one of the emerging coins in the market at the moment, and a potential move to the resistance level of $12.5 in the next bullish movement may likely come to focus.

On that note, Cosmos, ranked 20th with a $4.4 billion market cap, represents an established coin in the crypto world. In contrast, the newly introduced token, Bitcoin Minetrix (BTCMTX), has gained attention by securing over $5.2 million in its presale. Investors are presented with a choice between the stability of Cosmos and the potential growth offered by BTCMTX, encouraging exploration of the unique opportunities presented by the newcomer.