Cosmos (ATOM) Stages Strong Comeback, Soars 30% in 5 Days
- Cosmos (ATOM) gains 30% in 5 days; strong momentum awaits a breakout above key EMA levels.
- RSI and MACD indicate bullishness, but technical summary highlights a neutral stance for ATOM’s rally.
Cosmos (ATOM) price surged 30% in the last 5 days, showcasing rising market confidence. The trading volume for ATOM reached $148 million, rising by over 25.45%, suggesting strong investor interest and buying momentum.
According to analyst Crypto Kartha on X, the ATOM price is trading in a falling wedge pattern and is about to give a breakout. He said that “Testing Crucial Resistance of Falling Wedge in Daily Chart Breakout can send ATOM between 7-8$ in Midterm.”
ATOM has emerged as the market’s top performer in the last 24 hours, increasing by 12% in that time, showcasing a recovery trend. However, to begin a bullish rally, the Cosmos price has to break above the $5.839 and $4.798 levels.
According to CMC data, currently, the Cosmos is trading at $4.389 with a 25% surge in daily trading volume. The 24-hour trading volume is $148.25 million and the market cap stands at $1.71 billion. The community sentiment is 86% bullish and 14% bearish.
Will Cosmos Price Break Above 50 And 200-Day EMA
ATOM price is heading in the upper direction towards the 50-day EMA $4.798 mark. If the price succeeds in breaking above the key 50-day and 200-day EMAs, then the investor may witness a $7 level in the upcoming days.

The RSI indicator is in the neutral zone at 49.92 but heading in an upper direction, which is a positive sign. MACD has formed a bullish cross with a green histogram, showcasing a positive trend.
However, the trading view technical summary tells a different story. As per the technical summary of Cosmos (ATOM), out of 26 indicators, 9 are on the sell side, 10 are on the neutral side, and 7 are on the buying side, suggesting neutrality.
Currently, the price is moving in the upward direction. If the bulls succeed in breaking the $4.798 and $5.839 resistance levels, it could reach the $7 mark in the upcoming days. However, if the price fails to break the $4.798 level, it may come back to the support level of $4.00.
Highlighted Crypto News Today:
Hyperliquid HYPE Eyes $15 Breakout After $4M Liquidation Shakeout
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Multicoin's Samani Explains Why SOL ETF Could Trounce ETH's

Economic Concerns Rise as Trump Administration Refuses to Rule Out Recession
Technical Analysis Reveals Key Levels for XRP, Solana, and QTUM
In Brief XRP shows a head and shoulders pattern, indicating potential bearish movement. Solana might rise to $140 if it maintains its current channel formation. QTUM's stability hinges on holding its critical support level at $1.88.

Market Dynamics Reveal New Opportunities for Crypto Traders
In Brief The cryptocurrency market remains volatile with Bitcoin showing stable trading levels. Positive developments for XRP could boost investor confidence and price significantly. Recent trends in DOGE and TRX showcase opportunities amid market fluctuations.

Trending news
MoreCrypto prices
More








