The Cosmos price prediction shows that ATOM adds a tremendous 2.83% gain as the coin hits the resistance level of $7.16.
Cosmos Prediction Statistics Data:
- Cosmos price now – $7.12
- Cosmos market cap – $2.5 billion
- Cosmos circulating supply – 364.7 million
- Cosmos total supply – 364.7 million
- Cosmos Coinmarketcap ranking – #25
Resistance levels: $8.0, $8.2, $8.4
Support levels: $6.2, $6.0, $5.8
ATOM/USD is following a decent hike as the coin hits the resistance level of $7.16 level. The coin is already keeping close to five straight days of bullish movements. However, the Cosmos (ATOM) is one of the most emerging coins in the market at the moment, and it is likely to touch the resistance level of $7.5 in the next positive movement. Therefore, the long-term outlook may continue to be bullish as much as the buyers increase the pressure.
Cosmos Price Prediction: Would Cosmos Break Higher?
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 continue its uptrend and could reach the potential resistance levels of $8.0, $8.2, and $8.4.
In other words, if the technical indicator fails to cross above the 50-level, there is a tendency for bears to return to the market, and this may cause the market price to hit the nearest support levels at $6.2, $6.0, and $5.8 respectively. However, the Relative Strength Index (14) is crossing above the 50-level, suggesting additional bullish signals.
ATOM/BTC Faces the Upside
Against Bitcoin, the Cosmos price has been moving bullishly for the past few days, the coin rises above the 9-day and 21-day moving averages to hit the resistance level of 2701 SAT and above. Meanwhile, the recent rise could allow the cryptocurrency to cross above the upper boundary of the channel, which is a promising sign for buyers.
From the downside, if the bears slide below the 9-day and 21-day moving averages, the critical support could be located at 2400 SAT and below. Meanwhile, the nearest resistance level now lies above the channel, any further resistance could be located at 3000 SAT and above. Nonetheless, the Relative Strength Index (14) is crossing above the 50-level, which could increase the bullish movement within the channel.
Alternatives to Cosmos
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 $7.5. However, if the Cosmos price maintains the rising channel pattern, traders may witness additional bullish trends in the coming trading sessions.
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