Cosmos (ATOM) Set For 50% Rally After Recent Plunge, Analyst Eyes $12 Target

The market for cryptocurrencies is humming with hope because the recent climb of Bitcoin and the launch of Ethereum ETFs today is seen to create a positive wave. In this bustling environment, Cosmos (ATOM) is one cryptocurrency that shows great potential for a big break-through. Related Reading: Chainlink Inches Closer To $18 Despite Bearish Pressure – Analyst Although ATOM has stayed somewhat steady, with a little rise of 1.23% over the previous week and a drop of 4% over the last 30 days, experts feel it is about ready for a significant climb. ATOM’s market position is notable at its current value of $6.23, with a market value of $2.50 billion and a 24-hour trade volume of $235 million. Despite a 0.54% retreat over the last 24 hours, the market seems to be in a good mood right now, making it a good time for ATOM to make money. Technical Patterns Signal Breakout Prominent bitcoin guru Jonathan Carter has highlighted Cosmos’s intriguing technological configuration. On its daily chart, he notes that ATOM is negotiating a declining wedge pattern, sometimes interpreted as positive. #ATOM Cosmos is trading inside a falling wedge pattern on daily chart

Jul 24, 2024 - 04:00

Cosmos (ATOM) Set For 50% Rally After Recent Plunge, Analyst Eyes $12 Target

The market for cryptocurrencies is humming with hope because the recent climb of Bitcoin and the launch of Ethereum ETFs today is seen to create a positive wave. In this bustling environment, Cosmos (ATOM) is one cryptocurrency that shows great potential for a big break-through.

Although ATOM has stayed somewhat steady, with a little rise of 1.23% over the previous week and a drop of 4% over the last 30 days, experts feel it is about ready for a significant climb.

ATOM’s market position is notable at its current value of $6.23, with a market value of $2.50 billion and a 24-hour trade volume of $235 million. Despite a 0.54% retreat over the last 24 hours, the market seems to be in a good mood right now, making it a good time for ATOM to make money.

Technical Patterns Signal Breakout

Prominent bitcoin guru Jonathan Carter has highlighted Cosmos’s intriguing technological configuration. On its daily chart, he notes that ATOM is negotiating a declining wedge pattern, sometimes interpreted as positive.