• Written by: Prasanna
• Fri, 26 Aug 2022
•   Germany

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

ATOM Price Prediction: Can ATOM Price Reach $50?

The Cosmos price endured a grave toll along with other altcoins from the previous crypto crash. Like many other coins, ATOM price declined by more than 35%. This article is all about what are the next goals for ATOM? and whether can ATOM’s price reaches $50. Let’s see all of this in this ATOM price prediction article.

What is COSMOS (ATOM) Crypto?

ATOM Price Prediction: Is ATOM A Good Investment?

If we study the volume of the Cosmos price, we can witness that the price had fallen volume a few days ago. After the last crash, the volume picked up again. These price techniques confirm the uptrend. In addition, the Cosmos price has consistently made higher highs and higher lows in recent months. This is another criterion that must be fulfilled for an uptrend. At the time of writing this, the ATOM price is sitting at $12.72.

Support levels – $9.2 and $8.2

Resistance levels – $15 and $18

Atom is one of the most profitable tokens to invest in despite the current price decline. The existing project in COSMOS, which contains the Theta Upgrade, is anticipated to improve the prices of ATOM. Blockchain developers herding near COSMOS are also believed to support the assets of the blockchain. Yet, while the future is promising for COSMOS and ATOM, expectations from users and investors remain to be high.

ATOM Price Prediction: Can ATOM Price Reach $50?

Since sideways stages are supposed to continue new formation, we also believe in a bullish breakout in this matter. If the ATOM price breaks out in a bullish pattern, the price could touch targets above $30. We expect a top around $38 to respect the psychological $50 mark.

Although the RSI is now going towards the overbought regions, the MACD is still bullish as the trading volume gains in a bullish manner. The bullish outbreak from the chart pattern and the breaking of the golden ratio are both very bullish indicators. For the time being, however, Cosmos (ATOM) could be rejected at the resistance.