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A break in the line of resistance would invalidate this analysis of the price of atoms and suggest that peaks close to $15.35 are anticipated.. it is probably still mired in a remedial framework.
Prism v2 will be a sovereign blockchain created using the Cosmos SDK. This is a layer-1 blockchain dedicated to trading, deployment and yield harvesting. Prism v1 has been launched on standard network.
Following the crash of the latter, it was decided that prism v2 should not be exposed to the limits of building intelligent contracts on a foreign blockchain. To allow holders of atoms to support the development of the prism, a weekly shot will be taken from January.
To enable ATOM holders to take charge of the development of Prism, a weekly snapshot will be taken starting January 19.
Then, a parachuting will be required after the launch of the main network.
Since hitting a high of $17.20 on Sept. As a result of this evolution, if necessary, the price of the atom has gone up by almost 50% since the beginning of 2023.cosmos (atom) price moves in the double digitssince, reaching a peak of $17.20 on the seventh. 9, the atom fell under a line of diminishing resistance in the long run. Since peaking at $17.20 on September 9, ATOM has fallen below a line of decreasing resistance in the long run.
Most recently, on November 5 (red icon), the line was rejected, which began the current downward trend, which increased to $8.43 on December 16. The cosmos price has now gone up. On January 9, 2023, the atom moved over the resistance zone by $10.50, accelerating its growth rate. This resulted in a year-high price of $13.43 on January.
14. however, there was another rejection of the line of resistance, which is still ongoing. A break in the resistance line would probably lead to a movement up to $15.35, the fibrillation retracement resistance level 0.786.
Alternatively, a rejection could result in a new support zone test of $10.55.
Given that the daily newspaper is more than 50 but decreasing, there are no decisive signs as to the choice of which will occur. As a result, the orientation of the future trend is not determined.
Cosmos Short-Term Price Prediction: More Downside Before Rally
A closer look at the technical analysis from the short-term six-hour chart suggests that the Cosmos price has completed a five-wave downward movement, which led to the rejection from the resistance line.
You have to look more closely at the movement to decide which one is going to happen.Daily diagram This would also result in A:C waves that are close to 1:1.. short-term price prediction: more downside before rallya closer look at the technical analysis from the short-term six-hour chart suggests that the cosmos price has completed a five-wave downward movement, which caused the line of resistance to be rejected. If this is the case, the price of the atom piece is now bogged down in a a-b-c (white) corrective structure. Therefore, the most likely prospect is the increase in prices to the line of resistance once again, supplementing wave b for the next 24 hours. As a result, the most likely prospect has the increase in prices to the line of resistance once again, completing wave B over the next 24 hours.
Next, the support level of the 0.5 Fib retracement drops to $10.94 to complete the correction.
To conclude, the most likely Cosmos short-term price prediction is a rally toward the descending resistance line at $12.70 before another drop to $10.94 completes the correction. A breakout from the resistance line would invalidate this ATOM price analysis and suggest that highs near $15.35 are expected.
