Cosmos Price Prediction for Today, January 7 – ATOM Technical Analysis| Trending Viral hub

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Based on the daily chart, the Cosmos price prediction reveals that ATOM may rise further as the bears lose control over the coin.

Cosmos Prediction Statistical Data:

  • Cosmos Price Now: $10.57
  • Cosmos market cap: $3.8 billion
  • Cosmos circulating supply: 381.7 million
  • Cosmos Coinmarketcap Ranking – #21

ATOM/USD Market

Key levels:

Resistance levels: $12.5, $13.0, $13.5

Support levels: $8.5, $8.0, $7.5

Cosmos Price Prediction for Today, January 7 – ATOM Technical Analysis
ATOM/USD is attempting to cross above the 9-day and 21-day moving averages, while the $9.0 support level remains the critical support where the price has been holding for some time now. However, for a few days now, ATOM/USD has been trading below the 9-day and 21-day moving averages and this is preventing the coin from touching the $10.7 resistance level.

Cosmos Price Prediction: Will Cosmos Go Higher?

He cosmos price may start to rise and could probably trade near the upper boundary of the channel if the bulls defend the $9.8 support level. Meanwhile, any further bullish movement above the moving averages may reach the potential resistance levels of $12.5, $13.0, and $13.5.

However, this technical prediction could be invalidated if the bears break out and slide towards the lower boundary of the channel; Any further bearish movement may reach the support levels of $8.5, $8.0, and $7.5. Furthermore, the 9-day moving average crosses below the 21-day moving average, confirming the possible bearish move.

ATOM/BTC could shoot higher

Against Bitcoin, the Cosmos The price is attempting to cross above the 9-day and 21-day moving averages with an important resistance level at 2500 SAT. The long-term moving averages are likely to maintain the bullish movement as the market is starting a new trend if it crosses above this barrier.

Cosmos Price Prediction for Today, January 7 – ATOM Technical Analysis
ATOMBTC – Daily Chart

However, if buyers were able to push the price higher, further resistance could be located at 2700 SAT and above, but as the 9-day MA remains below the 21-day MA, this could suggest that sellers are likely come into play. Meanwhile, if the bulls fail to move the current market value above the moving averages, the bears may enter the market and the nearest support level could be located at 2000 SAT or below.

Alternatives to the cosmos

Cosmos price is currently on an upward trajectory, approaching the resistance level of $10.76. As one of the most promising coins on the market right now, Cosmos (ATOM/USD) has the potential to reach the $12.0 resistance level within its trading channel if the bullish momentum continues to grow. Consequently, a sustained increase in buying pressure could shift the long-term outlook toward a more bullish stance.

With that in mind, Bitcoin Minetrix emerges as a promising newcomer, marked by its cutting-edge cloud mining solution and a pre-sale that exceeded expectations. While Cosmos (ATOM), with a market cap of $3.8 billion, may not currently be receiving significant attention, all attention is going to Bitcoin Minetrix, anticipating its potential rise to prominence in the cryptocurrency world. . Surprisingly, the token raised over $7.7 million during its pre-sale phase.

New crypto mining platform: Bitcoin Minetrix

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Bitcoin Minetrix


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