Cosmos is among the leading gainers in the crypto charts despite major cryptocurrencies such as bitcoin and ethereum failing to register any notable gains. The broader crypto market is showing bearish signals, but Cosmos has not responded to this trend, and it has picked a reverse trend with double-digit gains.
Cosmos is trading at $25.06 at the time of writing after a 25.1% gain in 24 hours.
Cosmos (ATOM) Price Analysis
Cosmos has been on a major upswing in the past 24 hours. The coin has managed to clinch new monthly highs that are propelling the altcoin towards making new monthly highs. There is an increased chance that ATOM’s price action will continue because buying pressure is currently strong.
If the bulls continue, we will see ATOM regain higher levels of above $28. This will be a major gain for the coin because it will trigger the rally towards breaking past the all-time high of $31. This high will be created if buyers continue building up pressure for the coin.
On the other hand, market support is lacking, so ATOM could be headed to a bearish zone if buyers fail to keep up with the pressure. A dip could also be triggered by investors who want to sell to reap big after the recent gains. The lower support that ATOM will test in case of a dip lies at $22. Going below could increase the selling pressure.
Cosmos has been a major player in the DeFi sector, enabling the coin to accomplish the recent bullish rally. ATOM recently launched a cross-chain feature to allow any blockchain that is compatible with inter BTC to access Trustless Bitcoin. This step was aimed at improving the network’s DeFi capability.
Where to Buy Cosmos (ATOM)
If you want to buy cosmos, you can create an account on the following exchanges:
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You can also buy ATOM from Kraken. Kraken is one of the leading exchange platforms. It offers a wide range of cryptocurrencies and trading pairs, making it ideal for those traders who want to diversify their portfolios. Kraken’s trading fees are also friendly.
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Cosmos is among the many main gainers within the crypto charts regardless of main cryptocurrencies akin to bitcoin and ethereum failing to register any notable positive factors. The broader crypto market is exhibiting bearish alerts, however Cosmos has not responded to this pattern, and it has picked a reverse pattern with double-digit positive factors.
Cosmos is buying and selling at $25.06 on the time of writing after a 25.1% achieve in 24 hours.
Cosmos (ATOM) Value Evaluation
Cosmos has been on a significant upswing up to now 24 hours. The coin has managed to clinch new month-to-month highs which can be propelling the altcoin in direction of making new month-to-month highs. There’s an elevated probability that ATOM’s worth motion will proceed as a result of shopping for stress is at the moment robust.
If the bulls proceed, we’ll see ATOM regain larger ranges of above $28. This will probably be a significant achieve for the coin as a result of it is going to set off the rally in direction of breaking previous the all-time excessive of $31. This excessive will probably be created if consumers proceed increase stress for the coin.
Then again, market help is missing, so ATOM may very well be headed to a bearish zone if consumers fail to maintain up with the stress. A dip may be triggered by buyers who wish to promote to reap large after the current positive factors. The decrease help that ATOM will check in case of a dip lies at $22. Going beneath may improve the promoting stress.
Cosmos has been a significant participant within the DeFi sector, enabling the coin to perform the current bullish rally. ATOM lately launched a cross-chain feature to permit any blockchain that’s appropriate with inter BTC to entry Trustless Bitcoin. This step was geared toward enhancing the community’s DeFi functionality.
The place to Purchase Cosmos (ATOM)
If you wish to purchase cosmos, you possibly can create an account on the next exchanges:
eToro is a well-liked social copy buying and selling platform. It helps a variety of cryptocurrencies and buying and selling pairs. eToro additionally permits new merchants to study from market specialists, which will increase the profitability possibilities for brand new merchants.
You too can purchase ATOM from Kraken. Kraken is without doubt one of the main change platforms. It presents a variety of cryptocurrencies and buying and selling pairs, making it ideally suited for these merchants who wish to diversify their portfolios. Kraken’s buying and selling charges are additionally pleasant.
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75% of retail investor accounts lose cash when buying and selling CFDs with this supplier