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Cosmos (ATOM) is set for a bullish trend with a new roadmap and market optimism. The roadmap outlines major advancements, including enhancements to the Inter-Blockchain Communication (IBC) protocol aimed at improving scalability and interoperability.
These technical upgrades have sparked bullish price action, with ATOM experiencing a 14% increase over the past week.
id say Cosmos (Atom) is like Hamilton. It has the building blocks to be a good city but doesnt know how to get there
— manosdediamante.algo 🉐 (@coy_ca) July 28, 2024
Additionally, the network’s innovative interoperability solutions have attracted significant attention, further enhancing its appeal to both developers and investors.
Analysts are optimistic about ATOM’s potential, with targets as high as $12 due to rising trade volumes and improved market confidence. This strong performance is bolstered by Cosmos’ strategic focus on modularity and developer experience, positioning it for substantial growth in the coming months.
Key Cosmos Levels To Watch – July 28
The ATOMUSD pair exhibits a bullish trend as it moves above the 9-day SMA, currently at $6.260, indicating short-term upward momentum. The price recently broke rallies away from the $6.160.
The RSI at 49.89 suggests the pair is gaining strength but is not yet overbought, allowing room for further gains. The next target is the level at $8.400, with the potential to reach $10.630 resistance if the bullish momentum persists.
ATOM Key Levels
Resistance Levels: $7.270, $10.630, $13.040
Support Levels: $6.160, $5.550, $3.800
Cosmos (ATOM) Metrics
Total Market Capitalization: $2.52T
Cosmos Market Capitalization: $2.47B
Cosmos Volume: $105.03M
Market Rank: #35
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