Cosmos price has tested the $38.77 – $44.77 resistance area three times in the past. Thereafter, there was always a rejection to the middle support zone of $30 - $32 or to the lower support area of ??$21.04 - $21.86. Because of this, we are seeing a sideways phase here at the moment. As the price recently corrected to the $21.04 - $21.86 support area, we anticipate that the price might initially rally to the $38.77 - $44.77 upper resistance area. That's where the next target is, considering the sideways phase. In the past, once when the price hit the lower support area, it rallied to the upper one. We expect history to repeat itself.

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Since sideways phases are considered continuation formations, we also assume a bullish breakout in this case. As the lower support is the golden pocket of the last major move higher, we have increased belief that the uptrend will resume. If the ATOM price breaks out in a bullish way, the price could reach targets above $90. We expect a top around $100 to respect the psychological $100 mark.

ATOM is a known cryptocurrency and is currently ranked #20 on the list of the biggest cryptos by market capitalization. Many exchanges offer this token versus multiple denominations. It is important on the other hand to always choose a reliable exchange. Security reasons, high fees, and platform usability play a major role in using a crypto exchange. Here are the ones we recommend:

• Binance
• Coinbase
• Kraken
• KuCoin
• Gate.io

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The Cosmos price took a heavy toll along with other altcoins from the last crypto crash. Like many other cryptocurrencies, ATOM dropped by around -33%. Our premium customers were forewarned of the crash in the Cosmos price, which is why they were able to limit their losses. But how could the price continue going forward? Is the correction already over or will we go deeper and what are the next goals for ATOM? Let's tackle all of this in this ATOM price prediction article.

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The ATOM price has been able to correct itself to a higher-level GoldenPocket in the past few months. Thus, the price was already able to correct the entire increase in the bull run. After the correction was over, Cosmos price formed an ABC sequence. This ABC sequence was also fully completed so that the price could reach its final goal. Today, prices corrected to the GoldenPocket of the ABC sequence and found support there. This is why the price was able to show a bullish reaction recently.

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The Cosmos price recently broke a trend line. This break signals a possible trend reversal. With the price currently viewing this trendline as support, we anticipate that the Cosmos price could next rally to the +/- $38.77 resistance. If this resistance breaks, we consider the $44.77 target likely as this is the next resistance.

For now, the $27 price area looks like a solid stop-loss area. Looking at the next targets is what most traders are doing now, in anticipation of an end of the downtrend. On the other hand, successful traders always consider macro elements, such as the global market conditions, economical and geopolitical situations.