Cosmos price prediction for today, January 7 – ATOM technical analysis

According to the daily chart, the Cosmos price prediction shows that ATOM could go higher if the bears lose their control over the coin.

Cosmos Forecast Statistical Data:

• Current Cosmos Price – $10.57
• Cosmos market cap – $3.8 billion
• Cosmos circulation – 381.7 million
• Cosmos CoinMarketCap Ranking – 21st

ATOM/USD market

Main level:

Resistance levels: $12.5, $13.0, $13.5

Support levels: $8.5, $8.0, $7.5

Cosmos Price Prediction: Will Cosmos Rise Higher?

Cosmos price may start to rise and trade near the top of the channel if bulls defend the $9.8 support level. Meanwhile, further bullish moves above the moving averages could reach potential resistance levels of $12.5, $13.0, and $13.5.

However, if the bears break out and slide towards the lower boundary of the channel, this technical prediction could be invalidated and further downside moves could hit support levels at $8.5, $8.0 and $7.5. In addition, the 9-day moving average is crossing the 21-day moving average downward, confirming the possibility of a bearish movement.

ATOM/BTC may be on the rise.

Compared to Bitcoin, Cosmos price is attempting to break above the 9-day and 21-day moving averages with the main resistance level at 2500 SAT. The long-term moving average is likely to sustain a bullish move as if it breaks above this barrier the market will start a new trend.

However, if buyers are able to drive the price higher, higher resistance could be seen above SAT 2700, but the 9-day MA remains below the 21-day MA, which could suggest that sellers are likely to intervene. Meanwhile, if bulls fail to move the current market value above the moving average, bears could enter the market and the nearest support level could be located below 2000 SAT.

Alternative to Cosmos

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

With this in mind, Bitcoin Minetrix has emerged as a promising newcomer with a cutting-edge cloud mining solution and presales that have exceeded expectations. Cosmos (ATOM), with a market capitalization of $3.8 billion, is currently not receiving much attention, but all the focus is on Bitcoin Minetrix, which is expected to potentially stand out in the cryptocurrency world. Amazingly, this token generated over $7.7 million in revenue during the pre-sale phase.

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