Cosmos Price Prediction for Today, February 1: ATOM/USD Keeps Moving Higher as Price Touches $14.8

The Cosmos price prediction adds a tremendous 10.15% gain, and at the time of writing, it is trading around the $14.7 resistance level.

Cosmos Prediction Statistics Data:

• Cosmos price now – $14.7
• Cosmos market cap – $4.1 billion
• Cosmos circulating supply – 286.3 million
• Cosmos Coinmarketcap ranking – #19

ATOM/USD Market

Key Levels:

Resistance levels: $18, $19, $20

Support levels: $11, $10, $9

ATOM/USD is fetching a decent hike in the last 24 hours, which takes the coin above the resistance level of $14.5 level. The coin is already keeping two straight days of bullish movements. Meanwhile, ATOM/USD is one of the most emerging coins in the market at the moment, and it is likely to touch $16 in the coming days as its next resistance. Therefore, the long-term outlook may continue to be bullish as much as the buyers increase the pressure.

Cosmos Price Prediction: Would Cosmos Go Up or Down?

As the daily chart reveals, the Cosmos price is trading above the 9-day and 21-day moving averages within the channel. On the upside, if the price breaks above the upper boundary of the channel and closes above it, ATOM/USD may likely continue its uptrend and could reach the resistance levels of $18, $19, and $20.

On the contrary, if the technical indicator failed to cross into the overbought region, there is a tendency for the bears to return to the market, and this may likely cause the market price to hit the nearest support levels at $11, $10, and $9 respectively. Technically, the Relative Strength Index (14) is likely to cross above the 70-level, suggesting additional bullish signals.

Against Bitcoin, the Cosmos price has been moving sideways as the coin rises above the 9-day and 21-day moving averages. The recent rise could allow the cryptocurrency to cross above the upper boundary of the channel, which is a promising sign for buyers.

From below, if the bears break below the 9-day and 21-day moving averages, the critical support could be located at 5100 SAT and below. Meanwhile, the nearest resistance level now lies above the channel, any further resistance could be located at 7200 SAT and above. Nonetheless, the Relative Strength Index (14) is moving to cross above the 60-level which is a promising sign for the bulls as the momentum is on their side.

Cosmos Alternatives

The Cosmos price trades near the resistance level of $15 and the bulls may need to increase the buying pressure so that the coin can gain additional resistance levels. On that note, due to its high rates of return on investment, the Meta Masters Guild (MEMAG) token benefits traders. This token is this year’s Play-to-Earn guild with the fastest growth. As a result, it will be Web3’s largest mobile gaming guild. It is possible to develop games that are entertaining and intriguing and work with NFTs. And there, community members receive rewards for their investments and speculation. There has already been close to $2.5 million raised during the MEMAG presale.

View the latest ATOM price on CoinCodex.