2024

Cosmos

<p>The post <a href="https://coinpedia.org/price-analysis/atom-price-jumps-despite-bearish-sentiment-cosmos-to-hit-10-soon/">ATOM Price Jumps Despite Bearish Sentiment! Cosmos To Hit $10 Soon?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Despite the ongoing market turmoil, the Cosmos price has displayed a positive price action by adding approximately 3% in its value, indicating a rising bullish sentiment for this altcoin in the crypto market.</p> 
<p>However, the ATOM token has recorded a correction of 6.12% within the past week and 30.63% over the past 30 days, indicating a strong bearish influence in the long-term perspective.</p> 
<h2 class="wp-block-heading" id="h-cosmos-price-hovers-close-to-its-crucial-support-level">Cosmos Price Hovers Close To Its Crucial Support Level:</h2> 
<p>The <a href="https://coinpedia.org/price-prediction/atom-cosmos-price-prediction/">ATOM price</a> started 2024 positively by adding 37.62% within the first two months. However, after facing rejection at the resistance level of $14.225, the altcoin displayed a neutral trend for about a week, indicating a cool-off in the price action for the Cosmos token.</p> 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="539" src="https://image.coinpedia.org/wp-content/uploads/2024/05/01134200/pasted-image-0-3-1024x539.png" alt="TradingView: ATOM/USDT" class="wp-image-296491" srcset="https://image.coinpedia.org/wp-content/uploads/2024/05/01134200/pasted-image-0-3-1024x539.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/05/01134200/pasted-image-0-3-300x158.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/05/01134200/pasted-image-0-3-768x405.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/05/01134200/pasted-image-0-3-150x79.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/05/01134200/pasted-image-0-3.png 1435w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  TradingView: ATOM/USDT
 </figcaption>
</figure> 
<p>As the volatility in the market grew, the bulls lost momentum and recorded a loss of 48.35%, resulting in the <a href="https://markets.coinpedia.org/cosmos/">Cosmos token</a> leveling all its gains from the price pump and recording a loss of -21.60% in its YTD return. On the other hand, the Cross EMA 50/200-day records a Death Cross, highlighting a bearish outlook.</p> 
<p>The Relative Strength Index (RSI) displays a significant rise in the chart, indicating an increase in the positive sentiment in the crypto space. Furthermore, the averages show a bullish jump in the chart, suggesting the price will continue gaining value this week.</p> 
<h2 class="wp-block-heading" id="h-will-atom-price-go-back-up">Will ATOM Price Go Back Up?</h2> 
<p>If the bulls continue to gain momentum, the ATOM crypto will test its resistance level of $8.950. Moreover, if the bulls hold the price at that level, it will set the stage for the Cosmos price to attempt to test its upper resistance level of $10.825 this month.</p> 
<p>Negatively, if the bears overpowered the bulls, the Cosmos price would lose momentum and fall to test its crucial support level of $7.525. Furthermore, if the bears continue to hold power, the altcoin will plunge to test its new low of $6.240 in the coming time.</p> 
<p>Also Check Out : <a href="https://coinpedia.org/price-analysis/altcoin-season-ahead-as-ethereum-based-tokens-take-charge/">Altcoin Season Ahead? As Ethereum-Based Tokens Take Charge?</a></p>

ATOM Price Jumps Despite Bearish Sentiment! Cosmos To Hit $10 Soon?

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