Cosmos is one of the tokens still trading in the green zone despite the recent losses in value. After Thursday’s fall in crypto prices, ATOM was left unscathed, and it is now trading at a higher price. In a period of one year, ATOM’s value has appreciated by 259.8%.
ATOM is trading at $12.78 on major exchanges at the time of writing, after a 6.7% gain in 24 hours.
ATOM Price Analysis
Cosmos has been on an uptrend, despite several dips in the past few days. ATOM’s price fluctuations are currently large, showing that volatility remains at a reasonably low level.
ATOM might continue with its uptrend, and if this happens, we might see a price surge to the resistance level of $14. To gain this uptrend, ATOM will need support from the broader crypto market. Buying support from traders who want to take advantage of the uptrend might also help ATOM establish bulls.
However, ATOM’s bulls might fail, in which case, the coin might retreat towards a downtrend. The downtrend will lead to low price levels of below $12. A sharper bear could be triggered if prices fail to support above $10. ATOM might present an ideal buying position for traders who want to leverage the dip at such low levels.
The Cosmos blockchain stands firm because of its unique approach to achieving interoperability. The independent blockchain apps come together to create one decentralized system that helps achieve the solutions that are intended for blockchain.
The Cosmos network is constantly expanding, and in case of any development, the price of ATOM is expected to shoot upwards. Because of its growing potential, ATOM makes a safe investment for those who venture into the crypto market because of the technology.
Where to Buy ATOM
For those who want to buy Cosmos token, they can do so on the following exchanges:
One of the most reliable crypto exchanges where users can buy ATOM tokens is eToro. eToro offers a variety of user-friendly features such as copy trading and low trading fees. Besides, it supports a wide range of cryptocurrencies and trading pairs.
ATOM can also be bought on the Kraken exchange. Kraken is a reliable and reputable exchange that supports a wide range of cryptocurrencies and trading pairs. Kraken is also known for charging low trading fees.
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