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Cosmos

COSMOS Price Analysis: Could SMA-200 provide enough support to make the token mark a new height?

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  • ATOM coin secures the COSMOS network and in return transaction fees and staking rewards are distributed to ATOM stakers.
  • The coin figures are 99% for a lower carbon footprint. It has low fees of 0.01 and transaction confirmation within 7 seconds.
  • The RSI oscillator for ATOM shows the BUY action.
https://s3.tradingview.com/snapshots/6/6uWpPZKy.png

The chart above shows the movement of ATOM coin where 200 DMA has been running above it and even DMA-50 was above it until 6 July. We see the token with respect to SMA’s which are 20, 50 and 200 and it is SMA-20 which is behind one(SMA-200) SMA but above the other(SMA-50). We see an upward pattern. The trend line mark shows this upward shifting. The candles forming now are crossing the level of SMA-200 but SMA-20 is sustaining at the SMA-200 zone. It has been assumed that the token might trail beyond SMA-200 in the coming time and once it crosses that, it would strike the level of $14.00(expected). ATOM has provided returns of 15% on an average of the month of July.

The ATOM coin has been showing the pattern of bullish engulfing and has a circulating supply of 218,908,925.96 ATOM. Its maximum supply is not available but its total supply is 276,697,940. The last known price of the token, ATOM, is 12.03 and is up by 5.84% over the last 24 hours. It has the current trading volume(s) of 165,625,043 with a loss of 9.65% over the last 24 hours. COSMOS has holders with 10,189 addresses and with the transfer(s) of 261,619 in the last 24 hours. The inflation of ATOM coin (The staking yield is currently 10.01% per year) is 7.00% and has staked (69.95% of all ATOM are currently staked) to 194M/277M.

Its top 10 and 20 holders have more than 55% holdings and top 50 and 100 have more than 60% which makes the decent supply side of ATOM coin.( This data is for long term purpose as in the type of sudden fall in currency price, for any reason, an effective retracement could possible)

An RSI oscillator is also present in the chart which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 64.965 and marks the buy action. MA-5, MA-10 and MA-20 show the buy action. Even MA-100 and MA-200 show the same buy action. However, the ATOM coin at present is all set to buy but for intraday trading.

The bull/bear power has the value of 0.4909 and shows the buy action. The high/low marks the buy action with the value of 0.2175.

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The ATOM-BTC pair is trailing at the level of 0.0003012 and the gain of 3.14% was seen whereas the ATOM-ETH pair is trailing at the level of 0.004952 and the low of 0.74% was seen in the last 24 hours. The volume/market cap of the token is 0.06369  and its market dominance is 0.17%.

Conclusion: The days range for the coin is 10.03-12.51 and presently is at 11.98. The 24 hours high and low of the coin is 12.15 and 11.35 respectively. The ATH of the coin is 32.14 which went on 7 May 2021 and ATL is 1.13 which went on 13 March 2020. We observed that the coin is taking support from SMA-200 and is likely to go beyond it but it may sink as well.

Technical Instruments:

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Pivot: 12.05

R-1: 12.11

R-2: 12.15

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S-1: 11.99

S-2: 11.96

Note:

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  • The unit is USD
  • SMA-20: Green colour
  • SMA-50: Red colour
  • SMA-200: Blue colour

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Cosmos

Cosmos Price Analysis: ATOM slowly retraces from $42, prepares for another push higher?

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  • Cosmos price analysis is bearish today.
  • ATOM/USD retraces from $42 today.
  • Closest support at $36.

Cosmos price analysis is bearish today as a lower high was set yesterday as bulls failed to sustain momentum. Therefore, we expect ATOM/USD to retrace and retest $36 support next.

Cosmos Price Analysis: ATOM slowly retraces from $42, prepares for another push higher? 1
Cryptocurrency heat map. Source: Coin360

The overall market traded in the green over the last 24 hours. The market leader, Bitcoin is up by 0.84 percent, while Ethereum has declined by 2.62 percent. Meanwhile, Solana (SOL) continues to be among the best performers, with several other altcoins following close by.

Cosmos price movement in the last 24 hours: Cosmos tests $42 again

ATOM/USD traded in a range of $38.24 – $41.65, indicating strong volatility over the last 24 hours. Total trading volume has declined by 17.93 percent and totals $1.38 billion, while the total market cap trades around $8.56 billion, ranking the coin in 20th place overall.

ATOM/USD 4-hour chart: ATOM set to retrace today?

On the 4-hour chart, we see the Cosmos price action declining today as bears lacked the momentum to push above $42.

Cosmos Price Analysis: ATOM retraces from $42, prepares for another push higher?
ATOM/USD 4-hour chart. Source: TradingView

Cosmos price action has traded with a strong bullish momentum this month. After a quick spike lower on the 7th of September, support was found around $18, and the market has moved higher since.

On the 20th of September, a new swing high was set around $44.5 after several days of strong upwards pressure. However, bulls were exhausted, and a reversal of 35 percent followed to the $29 mark.

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Late last week, ATOM/USD rallied again and retested the previous major swing high. Any further upside was rejected again, resulting in a consolidation formed above $36 support, leading to the current failed test of $42 resistance and a minor retracement earlier today.

Cosmos Price Analysis: Conclusion 

Cosmos price analysis is bearish as the $42 mark rejected further upside overnight, and the market has declined so far today. Therefore, we expect further downside for ATOM/USD, with the $36 previous support likely to be retested again. 

While waiting for Cosmos to move further, read our guides on NFT Games, CoinJar, as well as Bitcoin Memes.

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Coin Bureau: Cosmos ($ATOM) Is One of the Most Important Crypto Projects

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Recently, the host of popular crypto trading and market analysis show “Coin Bureau” explained why Cosmos is one of the most important projects in the crypto space.

Cosmos is “a decentralized network of independent parallel blockchains, each powered by BFT consensus algorithms like Tendermint consensus.” The designers of Cosmos consider it 3rd generation blockchain technology; they call Bitcoin “Blockchain 1.0”, Ethereum “Blockchain 2.0”, and Cosmos “Blockchain 3.0”.

Here is how they describe the vision for Cosmos:

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The vision of Cosmos is to make it easy for developers to build blockchains and break the barriers between blockchains by allowing them to transact with each other. The end goal is to create an Internet of Blockchains, a network of blockchains able to communicate with each other in a decentralized way. With Cosmos, blockchains can maintain sovereignty, process transactions quickly and communicate with other blockchains in the ecosystem, making it optimal for a variety of use cases.

Speaking in a recent YouTube video, the Coin Bureau host “Guy” told viewers the market is significantly undervaluing $ATOM. Guy highlighted the network’s inter-blockchain communication (IBC) feature, launched in March, which allows multiple blockchains to interact on the Cosmos Network.

As reported by The Daily Hodl, he said:

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Cosmos is probably one of the most, if not the most, important cryptocurrency projects out there. This is simply because, without widespread interoperability, cryptocurrency is doomed to fail.

Guy said the release of IBC has cemented Cosmos in a niche that “no other cryptocurrencies are competing in.” Coin Bureau’s host predicted that the price of $ATOM (which is around $33.15 as of September 22) could appreciate 200% in the near- erm, saying that he would be surprised if it didn’t hit “at least $100.” 

Guy said ATOM’s price had yet to reflect the continual increase in fundamentals and the growing number of blockchains adopting the network as a hub. Guy also called the coin’s market capitalization “miniscule” compared to what it ultimately could be. 

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Cosmos Price Prediction – Will ATOM Price Hit $65 in 2021?

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  • Bullish ATOM price prediction ranges from $24.87 to $41.90.
  • ATOM prices might also reach $65 soon.
  • ATOM bearish market price prediction for 2021 is $17.48.

This Cosmos (ATOM) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our ATOM price analysis and prediction.

Among the cryptocurrencies that are spiking high this year, ATOM is perhaps one of the most surprising for some. It is not directly connected to the crypto king Bitcoin, nor is it the most hyped digital currency today. But for those that are aware, ATOM has been around since 2020.

Can ATOM reach $65 in 2021? We will find out shortly. But before we proceed to our ATOM price prediction, let us first answer the question “What is Cosmos (ATOM)?” in this ATOM prediction 2021 article.

What is Cosmos (ATOM)?

Cosmos explains itself as a platform that solves few of the hardest issues facing the blockchain space. Moreover, it focuses on providing an antidote to slow, expensive, unscalable, and environmentally harmful proof-of-work protocol.

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Evenmore, the project’s other aim includes creating blockchain technology less complex and difficult for developers. Furthermore, an Interblockchain Communication protocol creates it easier for blockchain space to communicate with each other safeguarding fragmentation in the industry.

Cosmos’s native token ATOM, reached its new ATH of $41.34 on Sep 18, 2021. Even more, since then the coin has faced many challenges.

Now that we have an idea about ATOM, do you think ATOM will be profitable crypto in 2021? Join me and let us see the charts in this ATOM price prediction.

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Cosmos (ATOM) Current Market Status

As of the time of writing this Cosmos price analysis, ATOM trades at $39.05 with a 24-hour trading volume of $2,540,249,458, according to CoinMarketCap. The price of ATOM has increased by 8.81% in the last 24 hours.

Furthermore, ATOM has a current circulating supply of 210,767,262.76 ATOM. Currently, the top cryptocurrency exchanges for ATOM are Binance, Coinbase and OKEx. Now, let’s proceed to the next part of this ATOM price analysis for 2021.

Cosmos (ATOM) Price Analysis 2021

Currently, ATOM holds the 23rd place on CoinMarketCap. But will the latest upgrades, developments, and changes in the ATOM blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this ATOM price prediction article.

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ATOM/USDT Chart Showing Ascending Channel Pattern
ATOM/USDT Chart Showing Ascending Channel Pattern (Source: TradingView)

Based on the chart above, ATOM positions itself along with the raging bulls. Today, ATOM trades at a high price of $39.05. In addition, we can see that ATOM recently performed an Ascending Channel pattern. An ascending channel is the price action that occurs in an upward direction through a rising parallel line.

More so, the chart shows the Higher Highs and Higher Lows form this price pattern. In addition, this pattern represents a short-term bullish.

In other words, ATOM is gearing itself for a possible bullish rally in the days to come. If this happens, the crypto might go beyond its resistance level and reach the bullish price. Of course, this is most likely to happen if the bullish market continues to reside with ATOM.

Conversely, if the bulls turn against crypto, the price of ATOM might fall. In short, ATOM might break out from its uptrend position and nosedive to a bearish price. Indeed, this price level is not a good picture in the eyes of the investors.

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ATOM Relative Strength Index
ATOM Relative Strength Index (Source: TradingView)

The Relative Strength Index (RSI) is close to 70.36, which means that ATOM is in an overbought state. Hence, this may lead to a price reversal at any given time. 

Therefore, traders must trade crypto carefully and must not be affected by the market hype. Keeping all this in mind, traders can be aware and move away from unexpected losses due to the crypto market’s wild swings.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of ATOM.

ATOM 30-day SMA and 50-day EMA (Source: TradingView)

Since the start of 2021, ATOM’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, ATOM has a competitive market this 2021.

Cosmos (ATOM) Price Prediction 2021

The chart below shows that ATOM has performed great over the past few days. Moreover, the ATOM price over 100% in the last 10 days. If this trend continues, ATOM might run along with the bulls, overtaking its $41.9 resistance level and reach higher.

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ATOM/USDT Price Chart
ATOM/USDT Price Chart (Source: TradingView)

Conversely, if the investors turn against the crypto, the bears might take over and dethrone ATOM from its uptrend position. In simpler terms, the price of ATOM might drop to almost $17.48, a bearish signal.

Meanwhile, our long-term ATOM price prediction 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $41.34. Moreover, it is possible for ATOM to reach this level this year.

Cosmos (ATOM) Price Prediction 2022

If this bullish trend continues, ATOM will reach $90 by the end of 2022. Moreover, the first half of 2022 is going to show rapid growth, up to $95. Then the rise will slow down, but no major falls are expected. With upcoming, partnership, and developments reaching $90 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Cosmos (ATOM) Price Prediction 2023

If ATOM holds the support level around 200-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $125, making it not plummet but play consistently.

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Cosmos (ATOM) Price Prediction 2024

As per the latest upgrades, developments, ATOM price prediction, and new project forecasts of the platform, ATOM investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of ATOM in the crypto market, and it will be the best investment as the price can spike and reach around $200.

Cosmos (ATOM) Price Prediction 2025

In the next four years, ATOM prices could rise up to $250. More so, reaching this level could not be so difficult for ATOM as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that ATOM has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

ATOM has a bright future ahead of it in 2021. With the ongoing developments happening within the ATOM system, as well as in the overall cryptocurrency market, we may see ATOM reach new heights.

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Bullish ATOM price prediction 2021 is $41.9. As said above, it may even reach $65 if investors have decided that ATOM is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is ATOM?

Cosmos defines itself as a project that solves few of the hardest problems facing the blockchain industry. Cosmos’s native token is ATOM.How to Buy ATOM Token?

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Users can obtain ATOM tokens by purchasing them from cryptocurrency exchanges such as Binance, or Coinbase.Is ATOM a good investment in 2021?

ATOM is a good investment in 2021. However, ATOM has a high possibility of surpassing its current ATH at about $32.14 this year.Can ATOM reach $65 soon?

Yes, it’s very much possible that ATOM might reach $65 in the near future as per the current bullish trend.What will be the Cosmos price by 2022?

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Cosmos (ATOM) price is expected to reach $90 by 2022.What will be the Cosmos price by 2023?

Cosmos (ATOM) price is expected to reach $125 by 2023.What will be the Cosmos price by 2024?

Cosmos (ATOM) price is expected to reach $200 by 2024.What will be the Cosmos price by 2025?

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Cosmos (ATOM) price is expected to reach $250 by 2025.

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