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Cosmos (ATOM) Unveils Ambitious 2024 Roadmap, Spurring 14% Price Surge

Azeez Mustapha

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Cosmos (ATOM) unveils an ambitious 2024 roadmap, spurring a 14% price surge. Cosmos (ATOM) recently detailed its 2024 roadmap, introducing several significant upgrades aimed at improving its blockchain ecosystem. The plan includes decoupling ibc-go from the Cosmos SDK, integrating the OP Stack, and refining multi-packet atomicity to enhance cross-chain interactions and developer tools.

These updates are designed to boost the network’s interoperability and user experience, fostering a more robust development environment. The market responded positively, with ATOM’s price increasing by over 14% in the last week, reflecting growing investor confidence in the project’s future potential.

Key Cosmos Levels To Watch – July 1

Cosmos (ATOM) Unveils Ambitious 2024 Roadmap, Spurring 14% Price Surge

A potential bullish reversal is imminent as the price leaves the bullish order block, aligning with the 9-day SMA. The RSI is at 40.30, suggesting the possibility of upward momentum if it crosses above 50.

A break above the $7.270 level could target a further rally into the FVG (Fair Value Gap) in the premium zone. A sustained rally above this FVG level may drive ATOMUSD toward the significant resistance zone at $10.630.

ATOM Key Levels

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

Market Metrics

Total Market Capitalization: $2.32T
Cosmos Market Capitalization: $2.66B
Cosmos Volume: $92.78M
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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