Cryptocurrency Cosmos (ATOM) continues to underperform, with a 3.17% drop against the US Dollar today. Over the last month, Cosmos has seen a significant 17.06% decrease, despite a slight 0.20% increase over the past year. Current trading price stands at $11.02, 11.45% below our April 14, 2024 prediction of $12.44.

Despite the overall bearish sentiment, the Fear & Greed index reads 80, indicating Extreme Greed. This suggests investors remain optimistic, potentially overvaluing the market. However, 63% of indicators favor a negative prediction, resulting in an overall bearish sentiment for Cosmos.

Key support levels are identified at $11.03, $10.76, and $10.57, while resistance levels stand at $11.50, $11.68, and $11.96. The 50-day Simple Moving Average (SMA 50) shows Cosmos trading above the trendline, a bullish signal. However, the 200-day Simple Moving Average (SMA 200) indicates a bearish market, with Cosmos trading below the trendline.

In conclusion, the current forecast for Cosmos is bearish, requiring a 13.01% increase to reach our $12.44 target within the next five days. Despite this, the volatile nature of the cryptocurrency market must be taken into account, with even the largest crypto assets displaying significant price volatility.