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Cosmos (ATOM) Set for Bullish Trend with Major Upgrades to Ecosystem

Azeez Mustapha


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Cosmos (ATOM) is set for a bullish trend with major upgrades to the ecosystem. Recent enhancements to the Cosmos SDK and Inter-Blockchain Communication (IBC) protocol have boosted the network’s functionality and efficiency. These advancements align with Cosmos’s vision of creating an “Internet of Blockchains,” fostering greater blockchain interoperability.

As more chains adopt the IBC protocol, the utility and demand for ATOM are expected to rise. This increased adoption is being closely monitored by market participants, suggesting a potential surge in ATOM’s value as its ecosystem expands and integrates further. The ongoing improvements underscore Cosmos’s commitment to innovation and its influential role in the blockchain space.

Key Cosmos Levels To Watch—July 7

Cosmos (ATOM) Set for Bullish Trend with Major Upgrades to EcosystemThe ATOM/USD pair shows a bullish reversal after hitting the support level at $5.550. The price has started to rise and is currently above the 9-day SMA, suggesting a short-term uptrend.
The next resistance levels to watch are $7.270 and $8.200, which, if breached, could further confirm the bullish momentum. The RSI has also moved above 30, exiting the oversold region, which supports the potential for a continued upward move.

ATOM Key Levels

Resistance Levels: $10.630, $13.040, $14.510 
Support Levels: $7.270, $6.160, $5.550

Market Metrics

Total Market Capitalization: $2.10T
Cosmos Market Capitalization: $2.32B
Cosmos Volume: $171.20M
Market Rank: #33

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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