Cosmos Ecosystem Chains Affected By CosmWasm Vulnerability
— Coinvestors 🌐 (@CoinvestorsNews) January 15, 2024
The vulnerability, allowing disruption of transaction confirmations, posed a serious risk of a network-wide outage. While the community appreciated the swift patch release on January 10, the negative impact on Cosmos (ATOM) token prices cannot be overlooked. The market may experience a downturn as investors react to the security lapse, highlighting the delicate balance between security concerns and market dynamics in the crypto ecosystem.
Key Cosmos Levels To Watch – January 15
ATOMUSD was clearly in a bullish trend throughout the last few weeks of 2023. The market flipped bearish as the RSI (Relative Strength Index) indicated a bearish divergence.
A CHoCH (Change of Character) occurred afterward, attracting the bears to the market. The bearish trend recently resumed after a buy-side liquidity grab at $10.760.
ATOM Key Levels
Resistance Levels: $10.300, $12.950, $15.440
Support Levels: $8.940, $7.880, $6.160
Market Metrics
Total Market Capitalization: $1.69T
Cosmos Market Capitalization: $3.9B
Cosmos Volume: $120M
Market Rank: #22
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