Cosmos Price Prediction for Today, January 7 – ATOM Technical Analysis

According to the daily chart, the Cosmos price prediction reveals that ATOM may form higher as the bears lose grip over the coin.

Cosmos Prediction Statistics Data:

• Cosmos price now – $10.57
• Cosmos market cap – $3.8 billion
• Cosmos circulating supply – 381.7 million
• Cosmos Coinmarketcap ranking – #21

ATOM/USD Market

Key Levels:

Resistance levels: $12.5, $13.0, $13.5

Support levels: $8.5, $8.0, $7.5

Cosmos Price Prediction: Will Cosmos Move Higher?

The Cosmos price may begin to rise and could probably trade near the upper boundary of the channel should the bulls defend the $9.8 support level. Meanwhile, any further bullish movement above the moving averages may hit the potential resistance levels of $12.5, $13.0, and $13.5.

However, this technical prediction could be invalidated if the bears break and slide toward the lower boundary of the channel, any further bearish movement may reach the support levels of $8.5, $8.0, and $7.5. Moreover, the 9-day moving average crosses below the 21-day moving average, confirming the possible bearish movement.

ATOM/BTC Could Spike to the Upside

Against Bitcoin, the Cosmos price is attempting to cross above the 9-day and 21-day moving averages with a major resistance level at 2500 SAT. The long-term moving averages may likely keep the bullish movement as the market is starting a new trend if crosses above this barrier.

However, if the buyers could push the price to the upside, higher resistance could be located at 2700 SAT and above but as the 9-day MA remains below the 21-day MA, this could suggest that sellers are likely to come into play. Meanwhile, should the bulls fail to move the current market value above the moving averages, bears may step into the market, and the nearest support level could be located at 2000 SAT and below.

Alternatives to Cosmos

The Cosmos price is currently on an upward trajectory, nearing the resistance level of $10.76. As one of the most promising coins in the market right now, Cosmos (ATOM/USD) has the potential to reach the $12.0 resistance level within its trading channel if bullish momentum continues to build. Consequently, a sustained increase in buying pressure could shift the long-term outlook to a more bullish stance.

With that in mind, Bitcoin Minetrix emerges as a promising newcomer, marked by its cutting-edge cloud mining solution and a presale that exceeded expectations. While Cosmos (ATOM) with a $3.8 billion market cap may not currently hold significant attention, all focus is directed towards Bitcoin Minetrix, anticipating its potential rise to prominence in the crypto world. Remarkably, the token garnered over $7.7 million during its presale phase.