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Cosmos Hub Price Prediction: ATOM Stays Green Despite Market Crash—Invest Today?
The Cosmos Hub price rose 4% today, pushing ATOM to $8.30 while the cryptocurrency market fell 9% in 24 hours.
The cryptocurrency is down 5% in a week, 30% in 30 days, and 26% in a year despite this uptick.
While its performance has failed in recent months, traders may have gone to its already-discounted pricing under market stress.
As the market recovers, it may be poised for a major rebound.
The biggest change on ATOM's chart is that, after rising all day, the currency has plunged significantly in the last hour as holders respond to the market meltdown.
Its relative strength indicator (purple) has declined from 70 this morning to slightly around 50, indicating a major loss of momentum.
After climbing sharply in the morning, ATOM's 30-day average (orange) flattened out in the previous hour, suggesting the RSI may dip below 30 before turning around.
ATOM's falling resistance (red) and support (green) levels are bearish.
This predicts that the currency will fall to a new medium-term level before recovering, with its volume surge indicating a growing willingness to sell.
Some experts foresaw ATOM's rebound this morning, but in the cryptocurrency market, renowned analysts' forecasts may come true.
ATOM deserves a strong return since the market has oversold it for so long.
Cosmos' foundations show that it is expanding as an interchain for crypto platforms and networks.
Cosmos will undoubtedly gain popularity as the ecosystem grows in the following months and years.
ATOM may reach $10 in the next weeks and $15 by the end of the year, indicating an increasing Cosmos Hub price.
Once current economic data pessimism subsides, it should surge again.
