Cosmos Crypto Ascending Triangle Pattern

Cosmos crypto (Atom) is up an impressive 52% from the cryptocurrency crash where Bitcoin crossed the 200-week moving average. Earlier this year Cosmos crypto was trading at highs of $44 and we have now corrected 81% from the top.

Currently Cosmos crypto is printing its second consecutive green daily candle within an ascending triangle pattern. Typically, this is a bullish continuation pattern where traders speculate positive price action.

In addition to bullish price action Cosmos crypto also have exciting protocol upgrades in late 2022. Cosmos crypto is listed on eToro.

Cryptoassets are a highly volatile unregulated investment product.

Cosmos Crypto Price Prediction 2022

Cosmos crypto is now trading at a modest $8.45 which could provide low risk for long-term investors looking to hold through to the next crypto bull run. Just yesterday Cosmos crypto was trading at $7.45 as a result of consumer price index day.

These price levels remind me of the summer lows of 2021 following the first major wyckoff distribution in the crypto bull run. On the 17th May 2021 Cosmos crypto found support at these exact levels before propelling to an all time high resulting in over 400% gains.

It is critical that Cosmos crypto can hold this particular support level in order to avoid negative price momentum. We could typically see lows of $4-4.50 in the heart of the crypto winter. A vast amount of accumulation (resistance and supports) occurred between August 2020 and January 2021.

Cosmos Crypto Accumulation Range

Cosmos Crypto (Cosmos-TetherUS) – Weekly Time Frame

As we can see if Cosmos crypto were to lose the support of the ascending triangle it could be quite deleterious to the price structure. The green rectangle highlights a key area of support and would be a likely reaccumulation range.

Although there is a possibility this might be the case, I do think we have pretty much found the bottom here for Cosmos crypto as we slowly rebound out of the extreme fear phase. The technical break out target of the ascending triangle could result in a pump of roughly 43% giving us a target of $14.

Cosmos Crypto Video Analysis

Cosmos will acquire a boost in its valuation following its proposal 72 and liquid staking update. Combined with great protocol upgrades and enough accumulation from retailers and crypto whales I think Cosmos crypto has a bright future.

Coinmarketcap displays that Cosmos crypto (ATOM) currently has a market capital of $2.42 billion and is ranked #26 in the entire cryptocurrency market. At the time of writing this there are currently 286,370,297 ATOM coins and there is no max supply.

The market capital all time high for Cosmos crypto was $11.2 billion, this is quite an impressive milestone. I would be keen to see Cosmos crypto reach a market capital between $15-25 billion in the next crypto bull run.

What is Cosmos Crypto?

Cosmos Crypto likes to brand itself as a project that is a solution to some of the “hardest problems” tilted towards the blockchain industry. It strives to solve “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols. For example ecosystems like Bitcoin. It solves this by offering an ecosystem of connected blockchains.

The project’s other core objective is to make blockchain technology less complex for developers. This is thanks to their modular framework that simplifies decentralized apps and promotes building. Cosmos crypto is a proof-of-stake chain and Cosmos (ATOM) holders are able to stake their tokens in order to maintain the network and receive more ATOM as rewards.

If you wish to become a holder of ATOM you can visit eToro.

Cryptoassets are a highly volatile unregulated investment product.

Battle Infinity - New Metaverse Game

Our Rating

Battle Infinity
  • Listed on PancakeSwap and LBank -
  • Fantasy Sports Themed Games
  • Play to Earn Utility - IBAT Rewards Token
  • Powered By Unreal Engine
  • Solid Proof Audited, CoinSniper Verified
Battle Infinity