Cosmos Clings To $12 As Price Struggles, Will This Region Act As Strong Support?

ATOM’s price shows strength as price breaks bounced off from $12 with good volume with eyes set to reclaim $13.  ATOM breaks out of a downtrend as the price resumes a bullish structure.  The price of ATOM continues to trade above 50 Exponential Moving Average (EMA) in the four-hourly timeframe.  The price movements of Bitcoin (BTC) have hurt most altcoins, with Cosmos (ATOM) finding its price at key support as bulls defend this region with blood and sweat. The recent Consumer Price Index news had a significant impact on the crypto market, as the price of BTC fell to a low of $18,200 before rebounding to $19,300, with many altcoins struggling to keep up, but Comos (ATOM) proved resilient. (Data from Binance) Related Reading: A Bullish Week In Bitcoin On The Way? BTCUSD Analysis October 17, 2022 Cosmos (ATOM) Price Analysis On The Weekly Chart. Despite experiencing some great price movement in recent weeks due to so many traders and investors becoming interested in the various projects built on the Cosmos ecosystem, this, in a way, serves as a huge catalyst for such price movement. After the price of ATOM dropped to a weekly low of $6, the price rallied from this low to a high of $17, where the price faced resistance to breaking above this region to a height of $20. The price of ATOM faced a rejection to a low of $11.5, where the price bounced and rallied to a high of $12, reclaiming this region as it has been a key support for ATOM prices.  ATOM’s next weekly candle closed bearish, but the new week’s candle opened with bullish signs as the price of ATOM could be set for a rally to a region of $13, where the price will face resistance to break higher.  Weekly resistance for the price of ATOM – $13. Weekly support for the price of ATOM – $12. Price Analysis Of ATOM On The Daily (1D) Chart In the daily timeframe, the price of ATOM continues to trade below key resistance despite breaking out from its downtrend after the price got rejected from a high of $17.  The price of ATOM has shown strength, as the price broke out from a descending triangle as the price tries to break above 50 EMA at $12.75, acting as resistance for ATOM price. If the price of ATOM reclaims 50 EMA, we could see more price action to a region of $13-$14. The Relative Strength Index (RSI) for ATOM price on the daily timeframe looks good after rallying from a region of oversold, which indicates good buy volume for ATOM Daily resistance for the ATOM price – $13. Daily support for the ATOM price – $12.2. Related Reading: Crypto Won’t See Bull-Run Anytime Soon, This Expert Explains Why Featured Image From BitcoinKE, Charts From Tradingview

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Cosmos (ATOM) Invalidates Uptrend; Where Is The Next Area Of Interest For Price?

ATOM price struggles on high timeframes to trend higher despite showing bullish sentiment in recent times.  ATOM trades below uptrend support as the price looks bearish with the current market state. The price of ATOM eyes key support as price trades below 50 and 200-day EMA.  The price of Cosmos (ATOM) struggles to discover its bullish trend as the price breaks below uptrend support against tether (USDT). The previous weeks saw the crypto market cap looking good as prices of Bitcoin (BTC) and other crypto assets, including Cosmos (ATOM), showed so much strength as price rallied from a low of $6 to a high of $17. (Data from Binance) Related Reading: Bitcoin Volatility Index Suggests Large Price Move Arriving Soon Cosmos (ATOM) Price Analysis On The Weekly Chart. Despite showing some great price movement in recent weeks with so many traders and investors becoming interested in the different projects being built on the Cosmos ecosystem, this, in a way, is a huge catalyst for such price movement.  After the price of ATOM dropped to a weekly low of $6, the price rallied from this low to a high of $17, where the price faced resistance to breaking above this region to a height of $20. The price of ATOM faced a rejection to a low of $12.5, where the price bounced and rallied to a high of $13.5 but could not move higher as the price continued to range.  ATOM’s next weekly support is at $12.1, with the price eyeing a retest of that region; if ATOM fails to hold this region, we could see the price going lower as there is no strong weekly support close to this region. Weekly resistance for the price of ATOM – $17. Weekly support for the price of ATOM – $12.1. Price Analysis Of ATOM On The Daily (1D) Chart In the daily timeframe, the price of ATOM continues to trade below key resistance formed by the uptrend line as the price broke below this trendline, helping ATOM to maintain its bullish structure for the past days it had trended. The price of ATOM has shown strength, as the price has held on not going below key support, as this could lead to more sell orders for ATOM holders.  Daily resistance for the ATOM price – $13.8. Daily support for the ATOM price – $12.1-$10.4. Onchain Analysis Of ATOM The ATOM price from the on-chain analysis looks more decent despite a fall of over 70%. ATOM produced a reasonable return on investment (ROI) of 64% over the past three months compared to other crypto assets that have struggled for the past months.  Related Reading: XRP Price Hits Target Of $0.5, But Can It Break This Key Resistance? Featured Image From zipmex, Charts From Tradingview and Messari

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Cosmos (ATOM) Leads Gains Among Top Coins

Despite being down 2.74% as of writing, Cosmos (ATOM) still leads gains among top coins in the past week. The internet of blockchains has had its fair share of roses and thorns during the week. However, data from CoinMarketCap shows that ATOM has enjoyed several peaks and is still trading in the green.  The blockchain has also experienced high trading volume within the past 24 hours, up 14.93%. It has also held its end against top coins like Wrapped Bitcoin, Cronos, and Ethereum Classic, considering the 7-Day trading activity.  Related Reading: XRP Price Hits Target Of $0.5, But Can It Break This Key Resistance? Lower Timeframe Structure Remains Bullish Despite ATOM Stall The ATOM price has produced a sequence of higher lows during the last week. Crucially, it established a short-term uptrend by breaking above the prior lower highs at $12.54 and $12.84. Higher time frame charts saw this as more of a bounce. Plus, it was met with strong resistance around the $13.4 level. As the price approaches the white ascending trendline, it may find some support there. A session closing below $13 would once again render the lower-timeframe structure bearish. This may cause prices to fall back to the $12.35-$12.4 support area. However, if ATOM can break out over $13.4, it might signal a significant upward trend. Such a rise can potentially drive ATOM over the $14.8 resistance zone that has been in place since late September. As of this writing, the RSI reading was 46. Even though it has dropped below the neutral 50 levels, there is no sign of bearish momentum. The OBV was flat as well. This indicated that neither the purchasers nor the vendors were in a position of power. It also suggested that a bullish breakthrough was less likely to occur. ATOM Records Higher Total Staked Value, Thanks to DeFi The DeFi sector on Cosmos has been booming in recent weeks. After publishing the “Cosmos Hub Roadmap 2.0,” Cosmos received great interest from investors. In addition, the native token ATOM saw growth in terms of total value locked (TVL), development engagement, and the number of holders in the third quarter of 2022. According to a tweet recently posted by the Cosmos Daily, the DeFi industry is one of the fastest-growing parts of the Cosmos ecosystem. The TVL of popular protocols like the Kava Network skyrocketed in the previous month to 291.2 million. Osmosis zone and THORChain, two other protocols, garnered $209 million and $105.85 million, respectively. Related Reading: Bitcoin Volatility Index Suggests Large Price Move Arriving Soon Still, on on-chain analytics, there was a steady increase in the number of cryptocurrency investors who held ATOM throughout the year. Despite this, there was no significant increase in the number of transactions or the volume. We also saw top DeFi platforms like dYdX move from Ethereum to Cosmos within the past week. One could say that many investors are in for the long ride, especially given dYdX’s big move and the blockchain’s plans outlined in its updated roadmap.  Featured image from Pixabay and chart from TradingView.com

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Cosmos ATOM Also Loses Its Gains As Market Fluctuates Heavily

ATOM remained an exception to the general downtrend of the crypto market for a couple of days as it continued to gain despite heavy price fluctuations of other tokens. The Ethereum Merge took place successfully on September 15th, marking a historic moment in the history of crypto. However, just as some analysts predicted, it did not result in a spike as optimists have forecasted. In fact, most cryptos, including ETH, and BTC, experienced a downturn at the same time. This confirmed the “Buy the rumor, sell the news” tag; crypto analysts conferred on the event in advance. Related Reading: XRP Price Rallied 7%, Is It Gearing To Test The Next Resistance? Nonetheless, one token continued to stand out amidst the bearish market trends, the native crypto of the Cosmos protocol. Despite the extreme market fluctuations, ATOM continued to glide upward, gaining up to 20% in 48hours. ATOM is trading below $16 at the time of writing, still above more than 10% of its pre-merge price of $14. The Cosmos native token has been experiencing its up and downs in an ever-ascending trendline, unlike the wider market. ATOM Gains Were Due To IBC and Staking Opportunities The recent gains lead back to the influx of protocols migrating to the Cosmos blockchain. After the crash of the Terra ecosystem, several projects rebuilt their operations on Cosmos Hub. Consequently, each project adds value to ATOM by participating in the inter-blockchain security system IBC. Cosmos also offers staking opportunities with a lucrative APY of close to 18%. Furthermore, the network is introducing different utilities into its ecosystem, which will increase the value of ATOM going forward. One of these is the liquidity staking the protocol is ready to launch. Additionally, protocols on Cosmos are preparing to launch their own stablecoins, with ATOM most likely the primary assets for minting. Recent Macroeconomic Events Contribute to Increased Market Volatility Meanwhile, recent macroeconomic events have increased bearish pressure on the digital assets market. As cryptos struggle to breach various price barriers and flip bullish, these factors bear down, causing the assets to fluctuate. Events like the recent release of the August inflation data reveal the continued rise of inflation. Related Reading: Chiliz (CHZ) Could Be Set For A Hot Streak With This Data Ethereum, for instance, has been rising and falling within the $1,700 and $1,500 range in the past seven days. Its volatility curve has been on a downward trend for the past week. The second largest crypto by market cap is down 11% since the Merge. ETH is currently trading below $1,500. As for Bitcoin, the crypto dropped below the $21,000 zero mark on Thursday in response to the Tuesday inflation data release. The first coin has been trading inconsistently within the range of $19,000 to $23,000. BTC is trading at above $20,000 at the time of writing. Featured image from Pixabay and chart from TradingView.com

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Cosmos (ATOM) struggles To Stay Bullish, Is $20 Still Possible?

Cosmos (ATOM) has maintained so much bullish sentiment topping the charts in the crypto space; despite pullbacks across the market, Cosmos (ATOM) would recover with good volume and rally higher. The price has been faced with resistance on the weekly chart and has shown weakness as much doubt sets in if the price can reclaim the price of $20. (Data from Binance) Related Reading: Terra Dries Up As LUNA Sheds 40% From Recent High Cosmos (ATOM) Token Price Analysis On The Weekly Chart  ATOM saw a decline in its price from $45 to around $6, with an over 70% drop from its all-time high despite having good fundamentals. The price of ATOM bounced off after touching a weekly low of $6, and the price rallied to $17, showing some great strength. The price of ATOM on the weekly chart showed great strength rallying to $17 with strong volume, but the price was faced with major resistance at $17 on the weekly chart. ATOM failed to flip this weekly resistance into support as the price has maintained a decline but above its bullish trendline support. For the price of ATOM to trend higher price needs to flip the weekly resistance into support and close above $17; if the price of ATOM fails to rally back to this region, we could see the price of ATOM retesting its support of $12. The price of ATOM could retest its weekly support of $12, which is a healthy retracement. So far, the support of that region holds the price of ATOM from sell-off, and this would be a good zone for more buy orders, and a possible bounce as the price aims to maintain its bullish sentiment. If the price of ATOM fails to hold $12 support, we could see the price going to a low of $8. Weekly resistance for the price of ATOM – $17. Weekly support for the price of ATOM – $12. Price Analysis Of ATOM On The Daily (1D) Chart The daily timeframe for ATOM prices continues to main the bullish structure it has formed as the price respects the trendline support holding up nicely despite seeing more sell volume.  ATOM’s price needs to hold above this trendline support for the price to bounce and trend higher, but if the price of ATOM fails to hold, we could see the price of ATOM going to a daily low of $12.5. On the daily timeframe, the price of ATOM is currently trading at $13.56, holding above the 50 Exponential Moving Average (EMA), acting as support for ATOM price. The price of $12.5 corresponds to the support at 50 EMA, acting as a good area for more demand for the price of ATOM; if the support at 50 EMA fails, we could see the price going to $9.  The Relative Strength Index (RSI) for ATOM is above 50 on the daily chart, indicating low buy order volume.  Daily resistance for the ATOM price – $15. Daily support for the ATOM price – $12.5-$9. Related Reading: NEAR Bulls Charge Their Way Past $4.7 Amid Lack Of Spike In Volume Featured Image From zipmex, Charts From Tradingview

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Cosmos Touches Highest Point Since May As ATOM Expands 25%

Cosmos (ATOM) has managed to soar by 25% which is considered its highest point since the coin traded at around $15.70 on May 8. ATOM’s trading volume spikes by 89% in past 24 hours Cosmos’ NFT volume surged to $778,000 as seen on September 7 Cosmos 2.0 triggers 40% price pump for ATOM Even though the recent figures are far from ATOM’s ATH seen at $44.45, the latest developments seem to have revived investor trust and confidence. ATOM’s trading volume has also increased by 89% in the past 24 hours. However, ATOM’s dilemma is how to rally by taking the lead from the crypto king, Bitcoin (BTC). Based on ATOM’s on-chain metrics, it seems that there is no disparity between the negative and positive sentiments. It shows a balance with only a little difference spotted at 0.188, with the positive sentiment being 9.531. The negative sentiment remains at 9.413. NFT volume for Cosmos has spiked to $778,000 as observed on September 7.   Related Reading: Crypto Words ‘Metaverse’ And ‘Altcoin’ Get Spot In Merriam-Webster Dictionary – Yeet! 5 Unique Wallet Addresses Buy ATOM NFTs The unique wallet addresses that purchased ATOM NFTs increased to five. On the other hand, both these metrics decreased while ATOM was in its glory in price hikes. More so, total NFT volume has nosedived to roughly $223,000 a few days ago, and at that time, the unique wallet addresses were limited to two. Judging by the four-hour chart of ATOM/USDT, the coin may hover in the green lane for the short term. This assumption was validated by ATOM’s 20 EMA going over the 50 EMA.   In the long term, the 200 EMA has shown that ATOM could retrace and register new lows in the coming months as it sits far from the short-term indicators. Further, ATOM investors and holders need to carefully watch out for any changes in volatility. ATOM’s Bollinger Bands revealed that the token’s price increase has been precipitated by an uptick in volatility. With that in mind, it would be wise for investors to anticipate a downturn and play their cards right. Cosmos 2.0 Rolls Out September 28 Cosmos’ development activity has also spiked after the blockchain company has announced plans of blockchain update. Cosmos 2.0 is looming and as such, this has pumped up ATOM’s price by 40%. Frens Validator team, a passionate and supportive community of ATOM revealed the unfolding of important Cosmos developments in 2022. Frens Validator team has posted an announcement via Twitter regarding the Cosmos 2.0 design which will soon be rolled out on September 28 in Medellin, Colombia. The Cosmoverse 2022 is dubbed to be the biggest Cosmos event for Web3 developers, contributors, entrepreneurs, investors, and DApps owners. The Cosmos 2.0 is designed to enhance the overall architecture and functionality of Cosmos (ATOM). These developments have triggered the surge of ATOM price from September 7 to 8, shooting from $12.3 to $17.5 in less than two days. Related Reading: Why Dogecoin Co-Creator Is Accusing Mark Cuban Of Scamming Investors ATOM total market cap at $4.5 billion on the daily chart | Source: TradingView.com Featured image from UseTheBitcoin, chart from TradingView.com

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ATOM Expands Over 25% In Last Week, Keeps Bullish Run Since Mid-June

Cosmos (ATOM) has been a top-performer and exhibited a bullish fervor for the past couple of months, or since June.         ATOM up by 25% in the past seven days         Cosmos network collaborations such as with Polkadot is likely to increase demand         ATOM price up by .04% as of press time ATOM’s bullish streak has lingered on for the past week, showing a price pump of over 25%. The crypto rallying for the past week happened after its successful rebound from the ascending support line. Despite the bullish momentum, ATOM could potentially go through a slippery slope. This may happen due to the fact that the coin is currently trading around its key resistance level. The crypto was able to test its key resistance level in May following an eclipse or crash. Cosmos failed to move past the key resistance zone present on August 24 and 25; respectively. More so, ATOM has also experienced some hurdles present at that price level as seen in the past four days. Related Reading: Dogecoin Slowly Retests $0.06 As DOGE Is Seen Moving Higher Over The Next Days ATOM May Swerve Towards Bearish Detour According to CoinMarketCap, ATOM price is up by 0.04% or trading at $12.83 as of this writing. ATOM seems to be swerving up and down validating a bearish detour. As of press time, ATOM is looking like it’s heading towards a bearish retracement. Further, the altcoin’s selling pressure is considerably low which could be due to Cosmos’ overhaul of its delegation strategy. The low selling pressure can also impact demand, especially with a spike in the number of validators. On the brighter side, the ongoing development of Cosmos doesn’t seem to stain or dissuade ATOM’s optimistic outlook. Interestingly enough, the Cosmos network was able to maintain a positive development activity in the past month. Cosmos Network Integrations To Boost Demand There are exciting developments underway such as the upcoming integration of Cosmos and Ethereum Beacon chain and the fusion of Polkadot and Cosmos’ IBC. These partnerships or collaborations are bound to ramp up the demand for DOT. Further, the Cosmos network will be integrating with a number of blockchain networks which can predictably increase the demand for ATOM plus optimize its price action. Additionally, investors ought to take advantage of the fact that despite its ongoing rally, the altcoin is still low-priced. Investors should also note that the cryptocurrency is still heavily discounted, despite its recent upside. However, a retracement is possible despite its upswing mainly due to increased selling activity. Related Reading: Helium (HNT) Deflates 15% After Proposed Transition To Solana Crypto total market cap at $954 billion on the daily chart | Source: TradingView.com Featured image from UseTheBitcoin, chart from TradingView.com

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ATOM Price Prediction: Can ATOM Price Reach $50?

Can ATOM's price reach $50. Let’s see all of this in this ATOM price prediction article.

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What is COSMOS Crypto? All You Need To Know About Cosmos Ecosystem and ATOM

Like many other coins, ATOM too declined heavily. This article is all about what is Cosmos crypto and the native token ATOM price analysis

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Cosmos Crypto Price Prediction: ATOM Coin Price 2025-2030

Check out Cosmos crypto price prediction 2025-2030: is Cosmos a good investment? Opinion of analysts on ATOM coin price.

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Cosmos Network Heats Up Despite Crypto Market Downturn

The Cosmos network has been on fire in the last 24 hours. Is ATOM coming to eat Polkadot’s market share? Covered: Cosmos Price Action Update Cosmos or Polkadot? Just after several top traders seemed to have lost hope in the short term for the Cosmos network, the platform’s native token ATOM pulled a 180 on […]

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