In this Cosmos (ATOM) price prediction 2024, 2025-2030, we will analyze the price patterns of ATOM by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
Cosmos (ATOM) Current Market Status
What is Cosmos (ATOM)
The Cosmos is a decentralized network of independent parallel blockchains, each driven by BFT consensus algorithms such as the Tendermint consensus. In other words, the cosmos is an environment of blockchains that can measure and operate on each other.
Before the cosmos, the blockchains were silent and could not communicate with each other. They were hard to generate and could only handle a small number of transactions per second. Cosmos solves these problems with a new technological vision. To understand this vision, we need to go back to the basics of blockchain technology.
Cosmos 24H Technicals
(Source: TradingView)
Cosmos (ATOM) Price Prediction 2024
Cosmos (ATOM) ranks 23rd on CoinMarketCap in terms of its market capitalization. The overview of the Cosmos price prediction for 2024 is explained below with a daily time frame.
ATOM/USDT W Pattern (Source: TradingView)
In the above chart, Cosmos (ATOM) laid out a horizontal channel. Also known as the sideways trend. In general, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line that connects the highs, and the lower trendline, the line that connects the lows, run horizontally parallel and the price action is contained within it.
A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.
At the time of analysis, the price of Cosmos (ATOM) was recorded at $9.91. If the pattern trend continues, then the price of ATOM might reach the resistance levels of $13.404, and $10.8601. If the trend reverses, then the price of ATOM may fall to the support of $9.797, and $8.822.
Cosmos (ATOM) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Cosmos (ATOM) in 2024.
ATOM/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Cosmos (ATOM) for 2024.
ATOM Resistance & Support Levels
Cosmos (ATOM) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Cosmos (ATOM) are shown in the chart below.
ATOM/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Cosmos (ATOM) market in 2024.
Cosmos (ATOM) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Cosmos (ATOM) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
ATOM/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Cosmos (ATOM).
Comparison of ATOM with BTC, ETH
Let us now compare the price movements of Cosmos (ATOM) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs ATOM Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of ATOM is dissimilar to that of BTC and ETH. That is, when the price of BTC and ETH increases, the price of ATOM decreases, if the price of BTC and ETH decreases, the price of ATOM increases. .
Cosmos (ATOM) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the Cosmos (ATOM) price between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
Conclusion
If Cosmos (ATOM) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Cosmos (ATOM) price prediction for 2024 is $14.727. Comparatively, if unfavorable sentiment is triggered, the bearish Cosmos (ATOM) price prediction for 2024 is $6.184.
If the market momentum and investors’ sentiment positively elevate, then Cosmos (ATOM) might hit $20. Furthermore, with future upgrades and advancements in the Cosmos ecosystem, ATOM might surpass its current all-time high (ATH) of $44.70 and mark its new ATH.
This content was originally published by our partners at The News Crypto.