Cosmos (ATOM) successfully held the breakout level at $32.32 on Sep. 29, which suggests that sentiment remains positive and bulls are buying on dips. The bulls pushed the price above the 20-day EMA ($35.88) on Sept. 30 but the momentum has failed to pick up. This suggests that bears have not thrown in the towel yet and are selling on rallies. The bulls will have to thrust and sustain the price above $44.80 to signal the resumption of the uptrend. The long wick on today’s candlestick suggests selling at higher levels. If the price turns down from the current level and breaks below the 20-day EMA, the bears will make one more attempt to sink the price below $32.32. If they succeed, the ATOM/USDT pair could drop to the 50-day SMA ($28.54). The pair turned down from the resistance line of the symmetrical triangle, indicating that bears are defending this level aggressively. If the price rebounds off the moving averages, the bulls will make one more attempt to push the price above the triangle. If they succeed, the pair could rally to $44.80 and then to the psychological level at $50. A break and close above this level could open the doors for an up-move toward the pattern target at $57.61. On the contrary, if the price slips below the moving averages, the next stop could be the support line. If this level cracks, the pair could drop to $28.83 and then to $24.50.
Cosmos (ATOM) bounced off the breakout level at $17.56 on Sep. 7, suggesting that bulls are aggressively defending this support. This was the second instance that bulls successfully held this level, the previous one was on Aug. 26 and 27. The long tail on Sep. 8 showed that sentiment was turning positive and traders were buying on dips. The moving averages have completed a golden cross, indicating that bulls are back in the driver’s seat. Strong buying today has pushed the price above the overhead resistance at $32.32. If bulls sustain the breakout, the ATOM/USDT pair may rally to $39.43. The bears are likely to have other plans. They will try to pull the price back below $32.32 and trap the aggressive bulls. If they succeed, the pair may drop to $26. A break below this level will suggest that the bullish momentum has weakened. The 4-hour chart shows that bears sold the breakout above $32.32 but they could not sustain the pair below $32. This suggests that bulls continue to buy on every minor dip. If bulls sustain the price above $32.32, the pair could rally to $38.49. Conversely, if bears again pull the price below $32.32, the pair could drop to $30.98. If the price rebounds off this level, the bulls will attempt to resume the uptrend but if the support cracks, the decline could extend to the critical support at $26.
* Crypto Rating accepts no liability for content of the Cosmos reviews made by the site users. The entire responsibility for the contents rests with the authors.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 76% | 49 | $49 177.82 | -7.92% | -10.53% | $929 035 044 566 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 82.8% | 34 | $4 092.88 | -2.38% | -0.69% | $485 446 527 829 |  |
|
| 3 |  BNB |
Binance Coin predictions | 81.2% | 30 | $563.52 | -4.86% | -7.33% | $93 995 664 394 |  |
|
| 4 |  USDT |
Tether predictions | 95.6% | 1 | $0.999981 | -0.03% | 0% | $74 156 265 433 |  |
|
| 5 |  SOL |
Solana predictions | 72% | 60 | $203.61 | -3.36% | 4.31% | $62 231 324 330 |  |
|
| 6 |  ADA |
Cardano predictions | 67.6% | 67 | $1.42 | -8.66% | -8.56% | $47 386 208 203 |  |
|
| 7 |  XRP |
XRP predictions | 71.2% | 64 | $0.847073 | -8.28% | -10.87% | $40 021 926 228 |  |
|
| 8 |  USDC |
USD Coin predictions | 96% | 2 | $0.999590 | -0.04% | -0.01% | $39 871 779 233 |  |
|
| 9 |  DOT |
Polkadot predictions | 61.6% | 74 | $29.29 | -12.73% | -17.58% | $28 929 753 364 |  |
|
| 10 |  LUNA |
Terra predictions | 68% | 62 | $74.10 | 13.99% | 67.51% | $28 735 392 986 |  |
|
| 11 |  DOGE |
Dogecoin predictions | 62.8% | 71 | $0.178634 | -10.26% | -13.05% | $23 648 648 660 |  |
|
| 12 |  AVAX |
Avalanche predictions | 64% | 74 | $92.34 | -12.64% | -18.20% | $22 411 255 216 |  |
|
| 13 |  SHIB |
SHIBA INU predictions | 63.6% | 73 | $0.000037 | -7.81% | -5.02% | $20 467 328 342 |  |
|
| 14 |  CRO |
Crypto.com Chain predictions | 58.4% | 83 | $0.605372 | -3.98% | -24.08% | $15 293 531 006 |  |
|
| 15 |  MATIC |
Polygon predictions | 69.6% | 59 | $1.99 | -10.33% | 22.67% | $13 980 255 925 |  |
