Cosmos price prediction for today, December 12 – ATOM technical analysis

Cosmos price prediction shows that ATOM could trigger a new upward move if the bulls increase buying pressure.

Cosmos Forecast Statistical Data:

• Current Cosmos Price – $11.72
• Cosmos market capitalization – $4.4 billion
• Cosmos circulation – 378.7 million
• Cosmos CoinMarketCap Ranking – 20th

ATOM/USD market

Main level:

Resistance levels: $13.5, $14.5, $15.5

Support levels: $8.5, $7.5, $6.5

ATOM/USD will likely recover above the $12.4 resistance level and surge above the channel upper limit. Cosmos price is currently hovering above the 9- and 21-day moving averages as the bulls continue to dominate the market. Meanwhile, the red line of the 9-day moving average remains above the green line of the 21-day moving average, indicating that the bullish trend is on the rise.

Cosmos Price Prediction: Will ATOM price reach the $13 level?

According to the daily chart, Cosmos price is likely to reach the resistance level of $12.5 if it breaks above the channel upper limit, which could continue to form a new uptrend. Meanwhile, ATOM/USD remains in a bullish position and if it stays above the moving averages, a bullish move could become more likely.

Nonetheless, if a trader can see a massive rise above the fast approaching channel; Resistance levels at $13.5, $14.5, and $15.5 are likely to be reached. Conversely, a fall below the moving averages could hit important support levels of $8.5, $7.5, and $6.5 respectively, while the 9-day MA remains above the 21-day MA.

ATOM/BTC is going strong.

Compared to Bitcoin, Cosmos price is more likely to generate additional profits if it exceeds the channel cap. However, the coin is currently experiencing strong buying power as the bears try to gain momentum. On the other hand, if a coin falls below its moving average, sellers can put a lot of pressure on the market.

The 9-day moving average is currently hovering below the 21-day moving average, and if the bears find support near the lower boundary of the channel, a downside move could push the price down to support levels below 2100 SAT. . However, a break above the upper boundary of the channel may lead the market price to the resistance level above 3200 SAT.

Cosmos Alternative

Cosmos (ATOM) price is showing an upward trend, exceeding the 9-day moving average and the 21-day moving average. Meanwhile, the coin needs to break the upper boundary of the channel to fully confirm the positive momentum. However, Cosmos (ATOM) is currently recognized as one of the emerging coins in the market, and a potential move towards the resistance level of $12.5 will likely be watched in the next bullish move.

In that respect, Cosmos, ranked 20th with a market capitalization of $4.4 billion, represents a solid coin in the cryptocurrency world. On the other hand, the newly released token, Bitcoin Minetrix (BTCMTX), attracted attention by securing over $5.2 million in pre-sale. Investors are given the opportunity to choose between the stability of Cosmos and the potential growth offered by BTCMTX, encouraging new entrants to explore the unique opportunities it offers.

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