Cosmos Price Prediction for Today, October 11 – ATOM Technical Analysis

The Cosmos price prediction keeps recovering from the monthly low of $6.50 level as the price remains below the 9-day moving average.

Cosmos Prediction Statistics Data:

• Cosmos price now – $6.92
• Cosmos market cap – $2.45 billion
• Cosmos circulating supply – 368.8 million
• Cosmos total supply – 368.8 million
• Cosmos Coinmarketcap ranking – #26

ATOM/USD Market

Key Levels:

Resistance levels: $8.0, $8.2, $8.4

Support levels: $6.0, $5.8, $5.6

ATOM/USD is in the hands of the bulls as the coin spikes above the 9-day and 21-day moving averages. However, the bulls could sustain higher growth leading to a retest of the broken resistance level at $7.36. The 9-day moving average is crossing below the 21-day moving average which means the coin is likely to face the downside.

Cosmos Price Prediction: ATOM May Gain More Downsides

The Cosmos price is currently moving below the 9-day and 21-day moving averages at the price level of $6.92. Therefore, if the bulls begin the upward trend, ATOM/USD may likely cross above the upper boundary of the channel which could take the coin to the resistance levels of $8.0, $8.2, and $8.4.

On the other hand, any strong selling pressure may bring the price toward the lower boundary of the channel if the bears step back into the market. However, should in case Cosmos trade below the daily opening price of $6.8, a bearish continuation could bring the price to the supports of $6.0, $5.8, and $5.6.

ATOM/BTC May Remain below the Moving Averages

Against Bitcoin, the Cosmos price is bouncing back to cross above the 9-day and 21-day moving averages. At the time of writing, ATOM/BTC has not been able to keep the price above the 21-day moving average, but it is currently trading at 2509 SAT. However, if the Cosmos signals a more bullish rally, it may likely meet resistance at 2800 SAT and above.

Looking at the daily chart, the market price may slide toward the lower boundary of the channel if the bears return to the market. Moreover, ATOM is likely to break above the upper boundary of the channel if the bulls increase the pressure. However, should Cosmos drop below the lower boundary of the channel, it could find support at 2200 SAT and below.

Cosmos Alternatives

The Cosmos price is showing positive movement as the market spikes above the 9-day and 21-day moving averages. Apart from this, the Cosmos price still needs to cross above the upper boundary of the channel and traders can expect the price to continue to rise as soon as this is done.

On that note, Bitcoin Minetrix stands out as a promising up-and-comer, distinguished by its innovative cloud mining solution and a presale that defied expectations. However, as Ethereum faces uncertainty beneath crucial support levels, all eyes are fixed on Bitcoin Minetrix, awaiting its potential ascent to become the next major player in the crypto sphere. Notably, the token has raised over $1 million during its presale period.