- Bullish ATOM price prediction for 2023 is $10.836 to $14.727.
- Cosmos (ATOM) price might reach $20 soon.
- Bearish (ATOM) price prediction for 2023 is $6.192.
In this Cosmos (ATOM) price prediction 2023, 2024-2030, we will analyze the price patterns of ATOM by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
COSMOS (ATOM) PRICE PREDICTION 2023 |
|
| COSMOS (ATOM) PRICE PREDICTION 2024, 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Cosmos (ATOM) Current Market Status
| Current Price | $9.29 | 24 – Hour Price Change | 5.32% Down |
| 24 – Hour Trading Volume | $85,080,858 |
| Market Cap | $3,480,543,224 |
| Circulating Supply | 374,646,128 ATOM | All – Time High | $44.70 (On Sep 20, 2021) |
| All – Time Low | $1.13 (On Mar 13, 2020) |
(Source: CoinMarketCap)
What is Cosmos (ATOM)
| TICKER | ATOM |
| BLOCKCHAIN | Cosmos |
| CATEGORY | Decentralized Network |
| LAUNCHED ON | March 2019 |
| UTILITIES | Governance, security, gas fees & rewards |
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 2023
Cosmos (ATOM) ranks 23rd on CoinMarketCap in terms of its market capitalization. The overview of the Cosmos price prediction for 2023 is explained below with a daily time frame.
ATOM/USDT W Pattern (Source: TradingView)
In the above chart, Cosmos (ATOM) laid out a W Pattern. W pattern trading is also known as a double-top pattern or double-bottom pattern depending on the direction of the trend. This pattern tends to be a bullish signal as a double-bottom signifies that the low point may have been reached and the downtrend could be headed for a reversal.
At the time of analysis, the price of Cosmos (ATOM) was recorded at $9.29. If the pattern trend continues, then the price of ATOM might reach the resistance levels of $10.216, $10.432, and $16.613. If the trend reverses, then the price of ATOM may fall to the support of $7.759, and $5.985.
Cosmos (ATOM) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Cosmos (ATOM) in 2023.
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 2023.
| Resistance Level 1 | $10.836 |
| Resistance Level 2 | $14.727 |
| Support Level 1 | $8.219 |
| Support Level 2 | $6.192 |
ATOM Resistance & Support Levels
Cosmos (ATOM) Price Prediction 2023 — 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 2023.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $7.441Price = $9.253 (50MA < Price) | Bullish(Uptrend) |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 70.589 <30 = Oversold 50-70 = Neutral>70 = Overbought | Overbought |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak Volume |
Cosmos (ATOM) Price Prediction 2023 — 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).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 67.929 | Strong Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 73.36 <50 = Low >50 = High | High Volatility |
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 2024, 2025 – 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.
| Year | Bullish Price | Bearish Price |
| Cosmos (ATOM) Price Prediction 2024 | $22 | $18 |
| Cosmos (ATOM) Price Prediction 2025 | $24 | $16 |
| Cosmos (ATOM) Price Prediction 2026 | $26 | $15 |
| Cosmos (ATOM) Price Prediction 2027 | $28 | $14 |
| Cosmos (ATOM) Price Prediction 2028 | $30 | $13 |
| Cosmos (ATOM) Price Prediction 2029 | $32 | $12 |
| Cosmos (ATOM) Price Prediction 2030 | $34 | $10 |
Conclusion
If Cosmos (ATOM) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Cosmos (ATOM) price prediction for 2023 is $14.727. Comparatively, if unfavorable sentiment is triggered, the bearish Cosmos (ATOM) price prediction for 2023 is $6.192.
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.
FAQ
1. What is Cosmos (ATOM)?
Cosmos (ATOM) is a cryptocurrency designed to power the blockchain environment.
2. Where can you buy Cosmos (ATOM)?
Traders can trade Cosmos (ATOM) on the following cryptocurrency exchanges such as Binance, WEEX, OKX, LBank, and Bybit.
3. Will Cosmos (ATOM) record a new ATH soon?
With the ongoing developments and upgrades within the Cosmos platform, Cosmos (ATOM) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Cosmos (ATOM)?
Cosmos (ATOM) hit its current all-time high (ATH) of $44.70 On September 20, 2021
5. What is the lowest price of Cosmos (ATOM)?
According to CoinMarketCap, ATOM hit its all-time low (ATL) of $1.13 On May 13, 2020.
6. Will Cosmos (ATOM) hit $20?
If Cosmos (ATOM) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $20 soon.
7. What will be the Cosmos (ATOM) price by 2024?
Cosmos (ATOM) price might reach $22 by 2024.
8. What will be the Cosmos (ATOM) price by 2025?
Cosmos (ATOM) price might reach $24 by 2025.
9. What will be the Cosmos (ATOM) price by 2026?
Cosmos (ATOM) price might reach $26 by 2026.
10. What will be the Cosmos (ATOM) price by 2027?
Cosmos (ATOM) price might reach $28 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Source: https://thenewscrypto.com/cosmos-atom-price-prediction/