[](/u/Sam_TCR/) Cosmos crypto has seen an increase [COINBASE:ATOMUSD](/symbols/ATOMUSD/)Cosmos The price of Cosmos experienced a bullish market trend between October 2023 and March 10th, 2024, leading to a significant increase in its price value from $6.20 to $14.50, as per the daily chart.Cosmos has been performing well in the last six months, with a gain of 34.66%.However, in the past week and month, the price violated the uptrend from the supply level of $14.50.As a result, the weekly and monthly charts showed a decline of -21.72% and -31.37%, respectively.However, the Cosmos crypto has exhibited a sign of possible recovery coming soon on the daily chart, as the price showed strong sustenance signs at a crucial support level of around $7.20.
It’s probable that the Cosmos crypto may experience a significant increase once again.This is because its price had previously soared from around a similar level of support.The main reason for this is the willingness of the buyers to surpass the resistance level, which will push the asset to higher levels from its current supporting range.
The Cosmos asset indicates that its bullish strength is coming back and its capacity to rise is visible on the daily chart.If buyers come into the market, the price of Cosmos could potentially surpass the important 20-day and 50-day EMA’s from a lower position.Meanwhile, the ATOM crypto asset is displaying bullish behavior as the MACD histogram is not growing, which is at -0.309 and confirms the sustenance activity.Similarly, the RSI is at 30.28 this highlights that it can extend its gains, as it has turned in the 14-SMA direction in the hopes of breaking it from below.Cosmos crypto has seen an increase of 3.57% in the past 24 hours and is being traded at $8.648 at this moment of writing.Therefore, if the demand for the ATOM price (Cosmos) increases from the current support, it could bounce back remarkably.
The next target for the price could be to reach $10.0 and $12.0.If the price value of Cosmos crypto fails to stay above $7.20, it could potentially see a further decrease as well.Cosmos has been performing well in the last six months, with a gain of 34.66%.However, in the past week and month, the price violated the uptrend from the supply level of $14.50.
As a result, the weekly and monthly charts showed a decline of -21.72% and -31.37%, respectively.However, the Cosmos crypto has exhibited a sign of possible recovery coming soon on the daily chart, as the price showed strong sustenance signs at a crucial support level of around $7.20.It’s probable that the Cosmos crypto may experience a significant increase once again.This is because its price had previously soared from around a similar level of support.The main reason for this is the willingness of the buyers to surpass the resistance level, which will push the asset to higher levels from its current supporting range.The Cosmos asset indicates that its bullish strength is coming back and its capacity to rise is visible on the daily chart.
If buyers come into the market, the price of Cosmos could potentially surpass the important 20-day and 50-day EMA’s from a lower position.
Meanwhile, the ATOM crypto asset is displaying bullish behavior as the MACD histogram is not growing, which is at -0.309 and confirms the sustenance activity.Similarly, the RSI is at 30.28 this highlights that it can extend its gains, as it has turned in the 14-SMA direction in the hopes of breaking it from below.Cosmos crypto has seen an increase of 3.57% in the past 24 hours and is being traded at $8.648 at this moment of writing.Therefore, if the demand for the ATOM price (Cosmos) increases from the current support, it could bounce back remarkably.The next target for the price could be to reach $10.0 and $12.0.
If the price value of Cosmos crypto fails to stay above $7.20, it could potentially see a further decrease as well.Disclaimer The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView.
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