Cosmos Price Prediction for Today, February 11 – ATOM Technical Analysis

On Feb 11, 2024

Join Our Telegram channel to stay up to date on breaking news coverage

The Cosmos price prediction shows that ATOM adds a tremendous 5.23% gain as the coin hits the resistance level of $10.19.

Cosmos (ATOM): Major Partial Set Security Development

Cosmos (ATOM) is making strides with Partial Set Security entering the Specification Phase, allowing for faster onboarding of new consumer chains. This development could lead to a surge in the value of the Cosmos cryptocurrency, which has traded between $9.15 and $9.56 over the past week.

Cosmos Prediction Statistics Data:

Cosmos price now – $10.14
Cosmos market cap – $3.8 billion
Cosmos circulating supply – 381.8 million
Cosmos total supply – 381.8 million
Cosmos Coinmarketcap ranking – #22

ATOM/USD Market

Key Levels:

Resistance levels: $12.5, $13.0, $13.5

Support levels: $7.5, $7.0, $6.5

ATOMUSD – Daily Chart

ATOM/USD is following a decent hike as the coin hits the resistance level of $10.19 level. The coin is already keeping close to five straight days of bullish movements. However, the Cosmos (ATOM) is one of the most emerging coins in the market at the moment, and it is likely to touch the resistance level of $10.5 in the next positive movement. Therefore, the long-term outlook may remain bullish as much as the buyers increase the pressure.

Cosmos Price Prediction: Would Cosmos Break Higher?

The Cosmos price is trading above the 9-day and 21-day moving averages within the channel. On the upside, if the price breaks toward the upper boundary of the channel, ATOM/USD may continue its uptrend and could reach the potential resistance levels of $12.5, $13.0, and $13.5.

In other words, if the market price crosses below the moving averages, there is a tendency for bears to return to the market, and this may cause the market price to hit the nearest support levels at $7.5, $7.0, and $6.5 respectively. However, the 9-day moving average is likely to cross above the 21-day moving average, which could suggest additional bullish signals.

ATOM/BTC Heads the Upside

Against Bitcoin, the Cosmos price has been ranging for the past few days, the coin could rise above the 9-day and 21-day moving averages to hit the resistance level of 2600 SAT and above. Meanwhile, any further bullish movement could allow the cryptocurrency to cross above the upper boundary of the channel, which can be a promising sign for buyers.

Cosmos Price Prediction for Today, February 11 – ATOM Technical Analysis — ATOMBTC – Daily Chart

From the downside, if the bears slide below the lower boundary of the channel, the critical support could be located at 1700 SAT and below. Meanwhile, the nearest resistance level now lies above the moving averages, any further resistance could be located at 2600 SAT and above.

ZAYK Charts, sharing insights with his 17.9k followers on X (formerly Twitter), pointed out that the $ATOM trendline is breaking out in the 4-hour timeframe. He advises followers to anticipate a bullish wave ahead.

$ATOM Trendline Breaking out in 4H Timeframe✍️
Expecting Bullish Wave📈#ATOM #ATOMUSDT #Crypto pic.twitter.com/rCKBZjQgeZ
— ZAYK Charts (@ZAYKCharts) February 7, 2024

Cosmos Alternatives

The Cosmos (ATOM) price is showing signs of positive momentum, potentially leading to a bullish continuation towards the $12 resistance level. Traders may witness additional bullish trends if Cosmos maintains its rising channel pattern. Despite its significant market cap, Cosmos might be overshadowed by larger projects. On the other hand, the Bitcoin Minetrix token presents an attractive investment opportunity, having secured nearly $10.7 million in its presale, making it an optimal time to invest.

Bitcoin Minetrix ICO Soars Past $10M Mark: Unveiling the Next Potential 10X Crypto!

The current presale phase of Bitcoin Minetrix indicates remarkable potential, having amassed an impressive $10.6 million in funds raised. $BTCMTX is primed for substantial expansion, harnessing both market dynamics and the robust capabilities of the Bitcoin protocol in mining. Investor confidence shines brightly during this presale period, underscoring the promising trajectory of $BTCMTX’s future.

You can benefit from Bitcoin Minetrix today.