Analytics

ATOM Price Prediction – Technical Analysis

Cosmos is an ever-expanding ecosystem of interconnected apps and services, built for a decentralized future.

Cosmos apps and services connect via IBC, the inter-blockchain communication protocol. This innovation enables people to freely exchange assets and data across sovereign, decentralized blockchains. ATOM is the native token of COSMOS and ATOM price is on the radar of many traders who are very positive about an exponential gain in ATOM.

Serving as the economic center of Cosmos, the Cosmos Hub is a blockchain that provides vital services to the Interchain.

Marketplace

The COSMOS marketplace has been set to operate a next-gen decentralized exchange, swapping digital assets from across the Interchain, with very low fees and instant transaction confirmation.

Security

With the upcoming Interchain Staking feature, ATOM will soon be securing many chains, in exchange for additional staking rewards.

Router

A core mission of the Hub is to connect chains by establishing IBC connections with compatible chains and operating decentralized bridges with chains like Ethereum and Bitcoin.

Custodian

Located at the crossroads of the Interchain, the Hub is extremely secure, the best place to hold digital assets and manage accounts across many chains.

COSMOS SDK

COSMOS SDK is a state-of-the-art blockchain framework that powers the Cosmos Hub and its rapidly expanding orbit of sovereign chains. Developers can use the SDK to build innovative applications that create value through exchange with the Cosmos Hub. It uses proof-of-stake and has 99% lower carbon footprint. Transactions are confirmed at a high speed (less than 7 seconds) and are processed at a very low price ($0.01)

Let us review ATOM price

ATOM/USD – Price Prediction

ATOM is in a very good accumulation and compression phase. It has been able to hold the support at $17.75 and is trying to break the resistance at $21.17. If it can break this resistance, that would be a good entry point for ATOM with a stop loss below the support of $17.75 (wait for candle closure). Entry points: $21.17 to $17.75.
Flipping $21.17 to support could lead to a move towards $25.72, $28.16, $30.61, $34.09, $38.52 and $51.33.

ATOM is currently trading at $19.13 with a market cap of $4,531,760,062. Its 24 hour trading volume was $776,425,418.

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