- Cosmos is currently trading at $9.93 with a decline of -1.20% resulting in a 24-hour trading volume of $120,388,423.
- Cosmos has 1,073,952 Twitter followers with a very good number of Reddit followers resulting in 78,872 with an average of 51 active accounts on Reddit and 1,008,477 followers on Twitter.
- The all-time high for Cosmos is $44.45 recorded on Jan 17, 2022, over a year ago currently trading with a decline of -77.71% from ATH.
ATOM has recently broken out its last swing high and is currently trading above it creating a higher high structure and has also broken out the key moving averages.
Cosmos is a digital currency and a technology platform that strives to build an “Internet of Blockchains” by allowing various blockchain networks to interact, exchange data, and trade with each other. Cosmos is an open-source and community-led project that provides a modular framework for developers to create tailor-made blockchains and applications that fit their needs
The overall security score for ATOM was reviewed by Cer. live is 34% with 50% Platform Audit Coverage, 0% Insurance Score, and 20% Bug Bounty Score.
Cosmos Technical Analysis
Market Structure:
The ATOM gave a breakout above the previous swing high and is currently trading above the same. The market was falling for a long time but after hitting a low of 7.311 it started to rebound and reached 10.300 and is now trading at 9.857. The market has created multiple higher high swings to reach the CMP and has made a bullish structure.
Cosmos Indicator Analysis
Source: ATOMUSD. COINBASE.1D by TradingView
EMA:
ATOM has broken out the 20-day and the 50-day Exponential Moving Average and is currently trading above the same which indicates the bullish sentiment of the market and we might get to see a bullish crossover if buyers are able to push the price further in the upper direction.
RSI:
The RSI for the Cosmos looks strong as it is trading above the level of 50 and sustaining above the same, we can see the RSI too is making higher highs with the price action which indicates reliability in the trend.
Conclusion
ATOM has been consistently making higher high structures and has breached the EMA levels and broken out the falling wedge pattern and is sustaining above the same. This represents the buyer’s presence in the market and also the RSI is confirming the trend by sustaining above the level of 50. Hence, if buyers continue to push the market this will result in a bullish crossover which can further lead to a very good uptrend.
Technical Levels
- Support Level – 8.862 and 8.190
- Resistance Level – 10.955 and 12.800
Disclaimer
The information provided in this article, including the views and opinions expressed by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.
