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Cosmos (ATOM) soars with revolutionary Evmos integration. Cosmos (ATOM) is on the brink of a bullish upswing, propelled by groundbreaking advancements.
Evmos, a blockchain ecosystem compatible with the Ethereum Virtual Machine (EVM) and supporting both Ethereum and Cosmos decentralized applications (dapps), is in the process of integrating a revolutionary solution. This integration eradicates the necessity for “wrap tokens,” enabling the direct and seamless use of non-ERC-20-compliant tokens on Evmos EVM-based dapps.
Evmos Team Announces Exciting Plans for Cosmos Tokens https://t.co/LY0VQ4ZK2n— COINTURK NEWS (@Cointurknews) November 17, 2023
Founder Federico Kunze Küllmer emphasized that this integration empowers users and developers to effortlessly leverage Cosmos native assets without engaging in cumbersome operations.
The eagerly anticipated mainnet version is slated for release by the end of 2023. This strategic maneuver effectively addresses the absence of native ERC-20 support for Cosmos tokens on Evmos, bolstering Cosmos’ bullish trajectory.
Key Cosmos Levels To Watch – November 19
The previous trend of the market was a downward trend on the daily chart. According to the Stochastic Oscillator, ATOMUSD was oversold as it entered the $6.160 demand zone about four weeks ago. The selling pressure in the demand zone eventually led to the end of the bearish trend.
The oversold indication in the demand zone of $6.160 caused a massive rally in the subsequent weeks. ATOMUSD is heading downward as the price hits the FVG (Fair Value Gap) at the premium. The bullish trend is likely to resume as soon as the 50.0 Fibonacci retracement level is reached.
ATOM Key Levels
Resistance Levels: $8.940, $10.300, $12.950
Support Levels: $7.310, $6.810, $6.160
Total Market Capitalization: $1.39T
Cosmos Market Capitalization: $3.5B
Cosmos Volume: $112M
Market Rank: #23
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