{"id":631153,"date":"2024-07-23T23:58:36","date_gmt":"2024-07-23T23:58:36","guid":{"rendered":"https:\/\/ktsl888.com\/?p=631153"},"modified":"2024-07-23T14:18:17","modified_gmt":"2024-07-23T14:18:17","slug":"cosmos-atom-set-for-50-rally-after-recent-plunge-analyst-eyes-12-target","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/cosmos-atom-set-for-50-rally-after-recent-plunge-analyst-eyes-12-target\/","title":{"rendered":"Cosmos (ATOM) Set For 50% Rally After Recent Plunge, Analyst Eyes $12 Target"},"content":{"rendered":"

The market for cryptocurrencies is humming with hope because the recent climb of Bitcoin and the launch of Ethereum ETFs<\/a> today is seen to create a positive wave. In this bustling environment, Cosmos (ATOM) is one cryptocurrency that shows great potential for a big break-through.<\/p>\n

Related Reading: Chainlink Inches Closer To $18 Despite Bearish Pressure \u2013 Analyst<\/a><\/div>\n

Although ATOM has stayed somewhat steady, with a little rise of 1.23% over the previous week and a drop of 4% over the last 30 days, experts feel it is about ready for a significant climb.<\/p>\n

ATOM’s market position is notable at its current value of $6.23,<\/a> with a market value of $2.50 billion and a 24-hour trade volume of $235 million. Despite a 0.54% retreat over the last 24 hours, the market seems to be in a good mood right now, making it a good time for ATOM to make money.<\/p>\n

Technical Patterns Signal Breakout<\/strong><\/h2>\n

Prominent bitcoin guru Jonathan Carter has highlighted Cosmos’s intriguing technological configuration. On its daily chart, he notes that ATOM is negotiating a declining wedge pattern, sometimes interpreted as positive.<\/p>\n

\n

#ATOM<\/a><\/p>\n

Cosmos is trading inside a falling wedge pattern on daily chart\ud83d\udc81\u200d\u2642\ufe0f<\/p>\n

Price currently near a descending resistance and preparing for breakout\ud83d\udcc8<\/p>\n

Potential targets after breakout could be $7.25, 8.85 and $12.15\ud83c\udfaf pic.twitter.com\/P3n0O3pXBA<\/a><\/p>\n

\u2014 Jonathan Carter (@JohncyCrypto) July 21, 2024<\/a><\/p><\/blockquote>\n

This trend points to ATOM developing momentum and breaking out from its declining resistance line, a crucial place where selling pressure has traditionally been strong.<\/p>\n

Should ATOM be able to overcome this barrier, a significant upward trend might be started. Carter has set four important ATOM price targets: $7.25 as the initial objective, followed by $8.85, and maybe as high as $12.15 should the optimistic trend hold. For those that position themselves ahead of the breakthrough, these goals reflect substantial profits.<\/p>\n

\"\"<\/p>\n

Forecasts And Indicators Boost Optimism<\/strong><\/h2>\n

Several technical indications point to this positive view. A possible breakout is being established by rising trade volumes and optimistic divergent momentum indicator (Relative Strength Index) deviations. Traders track these indications attentively and, once the resistance level is breached, they are prone to start a buying frenzy.<\/p>\n

Cosmos market cap currently at $2.4 billion. Chart: TradingView<\/a><\/figcaption><\/figure>\n

Data from Coincheckup shows that over the next seven days, ATOM is predicted to show an advance, thereby implying good momentum in the near future. ATOM’s recent performance shows a minor undervaluation, which suggests a possible buying opportunity for investors as it is now trading around 1.50% below its expected value for the next month.<\/p>\n

Looking ahead, the six-month ATOM growth estimate<\/a> is a strong 58%; the one-year prognosis shows an amazing 108% increase. This long-term projection emphasizes faith in ATOM’s stability in the market and possibility for significant increases.<\/p>\n

Related Reading: \u2018Early Signs Of Breakout\u2019 \u2013 Solana To Explode By 900%, According To Analyst<\/a><\/div>\n

The Spotlight On Cosmos<\/strong><\/h3>\n

Cosmos (ATOM) is becoming a standout performance as the bitcoin community rides the wave of strength and excitedly awaits the effect of Ethereum ETFs.<\/p>\n

Cosmos is primed to gain attention in the altcoin market as it has the ability to transcend its present pricing levels and generate notable increases.<\/p>\n

ATOM is one to keep special attention to as traders and investors search the market for interesting prospects. For Cosmos, the next several weeks might be crucial as they will allow for a breakout that drives it to unprecedented heights.<\/p>\n

Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The market for cryptocurrencies is humming with hope because the recent climb of Bitcoin and the launch of Ethereum ETFs today is seen to create a positive wave. In this bustling environment, Cosmos (ATOM) is one cryptocurrency that shows great potential for a big break-through. Related Reading: Chainlink Inches Closer To $18 Despite Bearish Pressure \u2013 Analyst Although ATOM has stayed somewhat steady, with a little rise of 1.23% over the previous week and a drop of 4% over the last 30 days, experts feel it is about ready for a significant climb. ATOM’s market position is notable at its current value of $6.23, with a market value of $2.50 billion and a 24-hour trade volume of $235 million. Despite a 0.54% retreat over the last 24 hours, the market seems to be in a good mood right now, making it a good time for ATOM to make money. Technical Patterns Signal Breakout Prominent bitcoin guru Jonathan Carter has highlighted Cosmos’s intriguing technological configuration. On its daily chart, he notes that ATOM is negotiating a declining wedge pattern, sometimes interpreted as positive. #ATOM Cosmos is trading inside a falling wedge pattern on daily chart\ud83d\udc81\u200d\u2642\ufe0f Price currently near a descending resistance and preparing for breakout\ud83d\udcc8 Potential targets after breakout could be $7.25, 8.85 and $12.15\ud83c\udfaf pic.twitter.com\/P3n0O3pXBA \u2014 Jonathan Carter (@JohncyCrypto) July 21, 2024 This trend points to ATOM developing momentum and breaking out from its declining resistance line, a crucial place where selling pressure has traditionally been strong. Should ATOM be able to overcome this barrier, a significant upward trend might be started. Carter has set four important ATOM price targets: $7.25 as the initial objective, followed by $8.85, and maybe as high as $12.15 should the optimistic trend hold. For those that position themselves ahead of the breakthrough, these goals reflect substantial profits. Forecasts And Indicators Boost Optimism Several technical indications point to this positive view. A possible breakout is being established by rising trade volumes and optimistic divergent momentum indicator (Relative Strength Index) deviations. Traders track these indications attentively and, once the resistance level is breached, they are prone to start a buying frenzy. Data from Coincheckup shows that over the next seven days, ATOM is predicted to show an advance, thereby implying good momentum in the near future. ATOM’s recent performance shows a minor undervaluation, which suggests a possible buying opportunity for investors as it is now trading around 1.50% below its expected value for the next month. Looking ahead, the six-month ATOM growth estimate is a strong 58%; the one-year prognosis shows an amazing 108% increase. This long-term projection emphasizes faith in ATOM’s stability in the market and possibility for significant increases. Related Reading: \u2018Early Signs Of Breakout\u2019 \u2013 Solana To Explode By 900%, According To Analyst The Spotlight On Cosmos Cosmos (ATOM) is becoming a standout performance as the bitcoin community rides the wave of strength and excitedly awaits the effect of Ethereum ETFs. Cosmos is primed to gain attention in the altcoin market as it has the ability to transcend its present pricing levels and generate notable increases. ATOM is one to keep special attention to as traders and investors search the market for interesting prospects. For Cosmos, the next several weeks might be crucial as they will allow for a breakout that drives it to unprecedented heights. Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":631173,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,37576,37575,6664,11,3504],"class_list":["post-631153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-atom","tag-cosmos","tag-crypto","tag-news","tag-price"],"acf":[],"yoast_head":"\nCosmos Set For 50% Rally After Recent Plunge, Analyst Eyes $12<\/title>\n<meta name=\"description\" content=\"The market for cryptocurrencies is humming with hope because the recent climb of Bitcoin and the launch of Ethereum ETFs today is seen to create a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Cosmos (ATOM) Set For 50% Rally After Recent Plunge, Analyst Eyes $12 Target","url":"http:\/\/ktsl888.com\/news\/cosmos-atom-set-for-50-rally-after-recent-plunge-analyst-eyes-12-target\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/cosmos-atom-set-for-50-rally-after-recent-plunge-analyst-eyes-12-target\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/a_52d8b1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/a_52d8b1.jpg?fit=5472%2C3648"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","atom","cosmos","crypto","news","price"],"dateCreated":"2024-07-23T23:58:36Z","datePublished":"2024-07-23T23:58:36Z","dateModified":"2024-07-23T23:58:36Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Cosmos (ATOM) Set For 50% Rally After Recent Plunge, Analyst Eyes $12 Target\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/cosmos-atom-set-for-50-rally-after-recent-plunge-analyst-eyes-12-target\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/cosmos-atom-set-for-50-rally-after-recent-plunge-analyst-eyes-12-target\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/a_52d8b1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/a_52d8b1.jpg?fit=5472%2C3648\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"atom\",\"cosmos\",\"crypto\",\"news\",\"price\"],\"dateCreated\":\"2024-07-23T23:58:36Z\",\"datePublished\":\"2024-07-23T23:58:36Z\",\"dateModified\":\"2024-07-23T23:58:36Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/a_52d8b1.jpg?fit=5472%2C3648","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/631153"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=631153"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/631153\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/631173"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=631153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=631153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=631153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}