The Cosmos (ATOM): A Crucial Security Development
Cosmos (ATOM) has achieved a major milestone as Partial Set Security enters the Specification Phase. This will hasten the process of onboarding new consumer chains. This progress in Cosmos security could drive up the value of the coin, currently trading between $9.15 and $9.56 over the last week.
ATOM Market Data
The current Cosmos price is at $10.14, with a market cap of $3.8 billion, and a circulating and total supply of 381.8 million coins. The cryptocurrency holds the Coinmarketcap ranking of #22.
ATOM/USD Market
The resistance levels for ATOM/USD are at $12.5, $13.0, and $13.5. While the support levels are at $7.5, $7.0, and $6.5.
Cosmos Price Prediction: Would Cosmos Break Higher?
ATOM/USD is displaying a bullish trend as it surpasses the 9-day and 21-day moving averages within the channel. An upward break toward the upper boundary of the channel could lead to potential resistance levels of $12.5, $13.0, and $13.5, while crossing below the moving averages may drive the price to hit the nearest support levels. The 9-day moving average crossing above the 21-day moving average may signal further bullish signals.
ATOM/BTC Heads the Upside
Cosmos’ price has been oscillating around the 9-day and 21-day moving averages. Success in crossing the resistance level of 2600 SAT and beyond could position the coin for a promising bullish move.
ATOM Price Prediction Today
A break above $10.19 could support a bullish wave as Cosmos approaches the resistance level of $10.5. The long-term outlook is bullish, but this depends on the increase in buying pressure.
Closing Hot Take: Cosmos Alternatives
Despite the positive momentum in the Cosmos price, the ATOM may need to maintain its rising channel pattern to witness additional bullish trends. On the other hand, Bitcoin Minetrix presents a considerable investment opportunity with its presale securing almost $10.7 million.
Bitcoin Minetrix ICO Surges Past $10M Mark: Introducing the Next Potential 10X Crypto!
Bitcoin Minetrix’s ongoing presale underscores the remarkable potential, having raised $10.6 million. The $BTCMTX token is poised for substantial growth, given its use of market dynamics and the robust capabilities of the Bitcoin protocol in mining. This provides an optimal opportunity for investment.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.