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The Cosmos price prediction adds a 0.68% gain as the coin shoots to the upside, at the time of writing, it is trading around the $9.55 resistance level.
Cosmos Prediction Statistics Data:
- Cosmos price now – $9.55
- Cosmos market cap – $376.6 million
- Cosmos circulating supply – 376.6 million
- Cosmos CoinMarketCap ranking – #22
ATOM/USD Market
Key Levels:
Resistance levels: $12.0, $12.5, $13.0
Support levels: $8.0, $7.5, $7.0
ATOM/USD has been experiencing notable increases in recent days, surpassing the resistance level of $9.5. The coin has demonstrated three consecutive days of bullish movements, showcasing its momentum. As one of the most promising coins in the current market, ATOM/USD is poised to approach its next resistance at $10.5 in the upcoming days.
Cosmos Price Prediction: Cosmos (ATOM) May Go Up
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 $12.0, $12.5, and $10.0.
On the contrary, if the 9-day MA fails to cross above the 21-day MA, 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 $8.0, $7.5, and $7.0 respectively.
ATOM/BTC Begins Bullish Movement
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 2100 SAT and below. Meanwhile, the nearest resistance level now lies above the channel, any further resistance could be located at 3000 SAT and above.
Alternatives to Cosmos
The Cosmos price can only begin the upward movement if the newly touched $10.5 resistance level is maintained at all costs. Meanwhile, the 9-day MA may need to cross above the 21-day to encourage more buyers into the market. However, Cosmos (ATOM) can now begin to maintain the uptrend as soon as the coin crosses above the upper boundary of the channel.
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