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The Cosmos price prediction may continue to show a bullish movement if the market could rise above the $14 resistance level.
Cosmos Price Statistics Data:
- Cosmos price now – $13.94
- Cosmos market cap – $3.9 billion
- Cosmos circulating supply – 286.3 million
- Cosmos Coinmarketcap ranking – #21
ATOM/USD Market
Key Levels:
Resistance levels: $17, $18, $19
Support levels: $11, $10, $9
ATOM/USD is showing positive movement as the market remains above the 9-day and 21-day moving averages. Apart from this, the Cosmos price still needs to head towards the upper boundary of the channel and traders can expect the price to continue to rise as soon as this is done.
Cosmos Price Prediction: Cosmos Price Will Shoot to the North
The daily chart shows that the Cosmos price is attempting to create more positive trends, and traders can expect a bullish continuation which could test the resistance level of $15. More so, the technical indicator reveals Relative Strength Index (14) is moving above the 60-level which could locate the potential resistance levels at $17, $18, and $19.
Nevertheless, if the Cosmos price maintains the rising channel pattern, traders may witness additional bullish trends in the coming trading sessions. Meanwhile, a bearish breakdown could play out for this market if the Cosmos price withdraws back below the moving averages, and this could roll the coin back to the supports at $11, $10, and $9.
Against Bitcoin, the Cosmos price follows the bullish movement and if the coin touches the resistance level of 7000 SAT, the market is likely to keep releasing more bullish pressure as the technical indicator Relative Strength Index (14) moves to cross above the 60-level, which indicates that more bullish signals are going to play out and traders could see a bull run to the resistance level of 8500 SAT and above.
In other words, if ATOM/BTC crosses below the 9-day and 21-day moving averages, it may bring the coin to the nearest support at 5500 SAT, and any further bearish movement could lower the price to the support level of 5200 SAT and below.
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