Cosmos ($ATOM ) is trading against USDT with a current price of $4.428, reflecting a recent gain of +1.93%. This analysis examines price action, key indicators, and potential trajectories for ATOM’s price in the short, medium, and long term.

Key Observations

1. Price and Volume

Current Price: $4.428

24-Hour High: $4.471

24-Hour Low: $4.297

24-Hour Volume: 7.48M ATOM (equivalent to $32.89M USDT)

ATOM is displaying minor volatility within a 24-hour range of $4.297 to $4.471. The trading volume indicates solid market interest, suggesting potential for a breakout in either direction if volume sustains or increases.

2. Moving Averages (MA) and Exponential Moving Averages (EMA)

50-Day MA: $4.484

100-Day MA: $4.750

20-Day EMA: $4.516

50-Day EMA: $4.571

The current price remains below both the 50-day and 100-day moving averages, suggesting a bearish outlook over the medium to long term. However, the price’s proximity to the 20-day EMA could indicate a potential short-term upward move if it can surpass this level.

3. Bollinger Bands

Upper Band: $4.867

Lower Band: $4.067

Middle Band: $4.467

With the price near the middle Bollinger Band, ATOM appears to be consolidating. A rise towards the upper band ($4.867) would signal growing bullish momentum, while a drop below the middle band could lead to a retest of support at the lower band ($4.067).

4. MACD (Moving Average Convergence Divergence)

DIF: 0.003

DEA: 0.014

MACD Histogram: -0.012

A slightly negative MACD histogram reflects mild bearish momentum. However, with DIF and DEA values close to zero, market sentiment appears indecisive, leaving room for movement in either direction in the near term.

5. Additional Indicators

Williams %R: -77.195 (Moderate Bearish)

Stochastic Oscillator: K = 31.229, D = 41.748, J = 10.192

Williams %R indicates ATOM is approaching oversold conditions, though not critically. The Stochastic Oscillator is also somewhat bearish, with a K value below 50, suggesting short-term downward pressure.

Price Prediction and Analysis

Short-Term Forecast

In the short term, ATOM could attempt a breakout above the 20-day EMA ($4.516). Successful upward movement may test the 50-day MA at $4.484 and potentially move toward the upper Bollinger Band ($4.867). However, if ATOM fails to hold above the $4.43 level, a retest of support near the lower Bollinger Band at $4.067 may occur.

Mid-Term Forecast

Should ATOM break past the 50-day MA with significant volume, it may attempt to reach the 100-day MA near $4.750, signaling sustained bullish momentum and possibly attracting new buying interest. Conversely, continued bearish sentiment could push the price towards the $4.00-$4.10 support zone.

Long-Term Outlook

The long-term outlook remains uncertain as indicators signal indecision. A breakout above the $5.00 level would suggest a definitive bullish shift. Without this, however, ATOM may continue to trade within its current range. Broader macroeconomic factors and advancements within the Cosmos ecosystem will be key in determining ATOM's long-term price trajectory.

Conclusion

Cosmos (ATOM) is consolidating in a narrow range, with primary resistance levels at $4.516 and $4.484. If bullish momentum increases, ATOM could approach the upper Bollinger Band and potentially the 100-day MA. On the downside, failure to hold the current level may result in a retest of the lower support around $4.067. Traders should closely monitor volume and any breakout above the 20-day or 50-day MA to anticipate the next major price movement.

Are you ready to discover some of the hottest blockchain projects in 2024? From simplified app development to advanced crypto tools, these projects pave the way for the future. Let’s start with Qubetics ($TICS), a project already making waves thanks to its innovative QubeQode IDE. Ready to dive in? Watch until last line.

1. Qubetics: Making Blockchain Development Easy with QubeQode IDE
Qubetics has made a strong entrance into the blockchain space, and one of its standout features is the QubeQode IDE. It’s a tool designed for everyone, whether you’re a seasoned developer or new to blockchain, to develop decentralised applications and smart contracts on its platform with AI-driven using its drag-and-drop feature. Here’s why it’s a game changer.
What is QubeQode IDE?
QubeQode IDE offers a drag-and-drop interface that lets users build blockchain applications without needing advanced coding skills. This makes blockchain more accessible to everyone. Imagine being able to design your own decentralised app (dApp) just by dragging and dropping pre-built components—things like user authentication, token management, and data storage. With QubeQode IDE, you can create all that in minutes!
Why It Stands Out!
Drag-and-Drop Components: You can easily integrate key blockchain features like token management with just a few clicks. Form-Based Configuration: Instead of writing complex code, users can define their app’s logic through simple forms. It’s quick and intuitive! Code Snippet Library: If you want to include more advanced functionalities, QubeQode offers a library of pre-written code snippets that users can simply copy into their projects.
Qubetics Presale Success
Qubetics is currently in its third presale stage, and the token price is available at a very affordable price of $0.0132 per TICS token. Early investors have already seen great value, as the project’s user-friendly tools have drawn significant attention. With such strong early performance, Qubetics is set to soar in 2024, especially as more people realise how easy blockchain development can be with QubeQode IDE.

2. Cosmos: The Internet of Blockchains
Cosmos is known as the “Internet of Blockchains,” and for good reason. It aims to make different blockchains communicate with one another, solving one of the major challenges in the blockchain industry—interoperability.
Key Features:
Inter-Blockchain Communication (IBC): This feature allows different blockchains to exchange data and tokens seamlessly. Tendermint Consensus Algorithm: Ensures transactions are fast, secure, and energy-efficient. With its ability to connect blockchains, Cosmos is building a world where crypto projects can collaborate rather than compete. As the world becomes more decentralised, it’s an exciting project to watch in 2024.

3. Near Protocol: Fast, Low-Cost Blockchain
Next on the list is Near Protocol, which focuses on offering super-fast transactions at incredibly low costs. Speed and fees are crucial in the crypto world, and Near Protocol easily addresses both.
Key Features:
Sharding Technology: This divides the network into smaller pieces, increasing transaction speed. Low Fees: Near Protocol ensures that users pay minimal transaction fees, making it more accessible to everyone.
Near’s approach to improving transaction speed and lowering costs makes it ideal for dApp developers looking for a scalable platform. Keep an eye on it as it continues to grow in 2024!

4. Fantom: The High-Performance Blockchain
Fantom is making headlines due to its impressive speed and scalability. The platform is designed for developers who need a fast blockchain for their decentralised applications.
Key Features:
Lachesis Protocol: This ensures that transactions are confirmed in just seconds. DeFi Support: Fantom is becoming a go-to platform for decentralised finance (DeFi) applications due to its speed and low fees.
Fantom’s high-performance blockchain is drawing in developers from all sectors, particularly in the DeFi space. If you’re interested in fast and scalable blockchain platforms, Fantom is definitely one to consider.

5. Solana: The Speed King
If we’re talking about speed, Solana is leading the pack. Known for processing more than 65,000 transactions per second, Solana has become the blockchain of choice for projects that need to handle massive amounts of data quickly.
Key Features:
Proof of History (PoH): This unique algorithm ensures fast and secure transactions. Developer-Friendly: Solana offers a range of tools and resources that make it easy for developers to build dApps.
Solana’s lightning-fast speeds and low fees have attracted attention from both developers and investors. As 2024 unfolds, it’s likely to continue its upward trajectory.
Conclusion: Why Qubetics is the Best Bet for 2024
All of these blockchain projects are exciting, but Qubetics stands out, especially for those looking to get involved in blockchain development without needing a technical background. With its QubeQode IDE, Qubetics is making blockchain accessible to everyone. Its drag-and-drop features, form-based configurations, and code snippet library mean you can build your own decentralised app in no time.

This content is for informational purposes only, not financial advice. You must do your own research before investing crypto currency projects.

#solonacoin #FantomFTM #NEARToken #CosmosATOM #10MTradersLeague

Hello, Skyrexians! 

While Bitcoin is staying inside the price range, altcoins are collapsing every day. $ATOM is not an exception. It has tested the bottom at $6 once more. For sure, it's not pumping because top crypto traders continue talking about altseason. Most of people simply copy trade and therefore, the crowd is sitting is assets and waiting for the growth. Most of investing and crypto trading strategies and trading bot strategies giving the strong long signals, but even if you use the great cryptocurrency trading strategy, it's necessary to take into account the sentiment. It's very difficult to pump assets if everybody bought it and wait for the fortune. 

In today's article we will try to make it clear if ATOM found it's bottom, what is the current market phase and which possible scenarios can take place in the future. We will define the critical points when it's vital to make a decision. This overview will be useful for investors, traders and for who uses automated trading bots, automated trading software for cryptocurrency or grid trading bot. The potential scenarios can help you to make a decision how to set up your strategy to reduce risk and increase potential profit. Let's get started! 

Cosmos global overview

ATOM is pretty old cryptocurrency which has been listed on the major exchanges in 2019. Therefore it has already showed us it's behavior is the bull run 2020-2021 and during the following bear market in 2022-2023. The key feature which we have to define for every crypto asset if it's up trending or so-called "scam" coin. ATOM set the higher low for the current bear market in comparison to previous one. It means the we can expect new ATH in the next bull cycle. Critical point which invalidate this statement located below $2. 

Until price is above we will consider previous bull run as wave 1, current bear market as wave 2. It means that next bull run can reach the very high prices in wave 3. The minimal target is $49 which is 1 Fibonacci extension level. The most likely target is 1.61 Fibonacci at $77, and the positive one is above $120, but I personally don't believe in this. 

Is bear market finished for ATOM?

Now it's time to look inside the wave 2, is it finished or not. For this purpose we will use the 1W chart and combination of indicators: Alligator and Awesome oscillator.
Previously we thought that dump from March to June 2024 is just the wave 2 of the new bull run, but price has retested the low and very unlikely to see the huge pump in the upcoming 2-3 months. Now we can recalculate the Elliott Waves. Global bear market (wave 2) consists of waves ABC. Wave C always has 5 waves inside and now it looks like the end in wave 5 in C. Awesome Oscillator is showing huge bullish divergence, moreover Alligator created angulation with the price. If current weekly candle will be closed as bullish hammer, it's gonna be huge reversal sign.

ATOM will pump, but is it going to be bull run beginning?

If we take a look at the anticipated wave 5 inside we can clearly see the 5 waves. Awesome oscillator has bullish divergence which in conjunction with bullish reversal bar and two squat bars at the bottom give us the clear sign of reversal, at least, local. Even it's not the end of the bear market, 0.5 Fibonacci retracement is reachable target.

If it's not gonna be bull run start, the wave 5 will continue to the new lows. Pump to $10.4 is gonna be just wave 2. The upcoming waves 3 and 5 can easily reach 3-4$. It's still gonna be not a scam token making higher lows.

Conclusion

Despite that ATOM is fundamentally strong asset in the crypto world, it has not showed us any significant gains in this bull run. Moreover, there is a huge probability that bear market is not over for this coin. Anyway, current dump wave has been finished or almost finished and bounce is anticipated next. When price will reach $10 it's gonna be the decisive moment where we can understand, will it continue goes up or $4 target will be reached. 

Best regards, 
Skyrex Team
#BinanceTournament #CosmosATOM #BTC☀