Cosmos is Predicted to Reach $11.68 By Mar 02, 2024

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Cosmos is up 6.68% today against the US Dollar
• ATOM/BTC increased by 3.93% today
• ATOM/ETH increased by 3.12% today
• Cosmos is currently trading 6.31% below our prediction on Mar 02, 2024
• Cosmos gained 14.86% in the last month and is down -15.26% since 1 year ago

ATOM price is expected to rise by 12.18% in the next 5 days according to our Cosmos price prediction

Cosmos price today is trading at $ 10.94 after gaining 6.68% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 6.11% in the same time period. ATOM performed well against BTC today and recorded a 3.93% gain against the world’s largest cryptocurrency.

According to our Cosmos price prediction, ATOM is expected to reach a price of $ 11.68 by Mar 02, 2024. This would represent a 12.18% price increase for ATOM in the next 5 days.

ATOM Price Prediction Chart

Buy/Sell Cosmos

What has been going on with Cosmos in the last 30 days

Cosmos has been displaying a positive trend recently, as the coin gained 14.86% in the last 30-days. The medium-term trend for Cosmos has been bullish, with ATOM increasing by 19.89% in the last 3 months. The long-term picture for Cosmos has been negative, as ATOM is currently displaying a -15.26% 1-year price change. On this day last year, ATOM was trading at $ 12.91.

Cosmos reached its all-time high price on Jan 07, 2022, when the price of ATOM peaked at $ 44.47. The current ATOM cycle high is $ 16.90, while the cycle low is at $ 5.60. ATOM has been displaying low volatility recently – the 1-month volatility of the coin is at 4.76. Cosmos recorded 18 green days in the last 30 days.

Cosmos technical analysis for today – Feb 26, 2024

The sentiment in the Cosmos markets is currently Bullish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 10.27, $ 10.14 and $ 10.05, while $ 10.48, $ 10.57 and $ 10.69 are the key resistance levels.

Bullish sentiment for Cosmos

26 indicators are currently signaling a bullish prediction for Cosmos, while 3 indicators are showing a bearish forecast. With 90% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Cosmos.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 72 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Cosmos moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Cosmos is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Cosmos is at 57.64, suggesting that ATOM is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Cosmos over the last 50 days. Currently, Cosmos is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the ATOM closing price for the last 200 days. ATOM is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Cosmos prediction

After considering the above factors, we can conclude that the current forecast for Cosmos price prediction is Bullish. ATOM would have to increase by 12.18% to hit our $ 11.68 target within the next five days. Moving forward, it will be important to monitor the ATOM market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Cosmos price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.