ATOM (Cosmos) Technical Analysis: Price Outlook and Trends

Since mid-November, Cosmos (ATOM) Cosmos has charted an upward course in its price trajectory. According to technical analysis in 4 Hours excerpt, bulls held firm on Cosmos, defending key supports at $6.50 – $7.00 and $8.20, propelling the cryptocurrency towards the $10 mark in late November.

Timeline of Cosmos

The Interchain Foundation (ICF), a non-profit organization dedicated to driving growth in the Cosmos ecosystem, has allocated $26.4 million to fund Interchain Stack development and adoption in 2024.

Cosmos, a leading name in the industry, has unveiled the CometBFT V1 Alpha version. The release marks a major milestone in the Cosmos project, introducing a suite of advanced features designed to enhance the overall functionality and efficiency of the network.

A widely followed crypto strategist believes big rallies are imminent for a trio of altcoins including Cosmos (ATOM) and Gala (GALA). Pseudonymous analyst Kaleo tells his 608,200 followers on the social media platform X that he believes a strong breakout rally is in sight for the native asset of the interoperable blockchain Cosmos.

Atomicals Market recognized as a significant entity in the marketplace and browser arena for Atomicals and ARC-20 tokens, has recently encountered a substantial security breach. The platform experienced a considerable loss of 33,000 ATOM tokens, attributed to the deployment of an insecure signing method, specifically SIGHASH_NONE | ANYONECANPAY.

A widely followed crypto strategist thinks that the interoperable blockchain ecosystem Cosmos (ATOM) is primed for a move up. Pseudonymous analyst Kaleo tells his 606,800 followers on the social media platform X that he's bullish on ATOM as he believes that the altcoin is “due for a squeeze.” “I'm long.

The governing body of Cosmos Hub, the primary blockchain within the Cosmos network, has given its approval to a proposal aimed at reducing the maximum inflation rate of its native token.

Crypto news: In the various market turmoil, how are Cosmos (ATOM), Sandbox (SAND) and Chainlink (LINK) coins performing? See below for an in-depth look at prices and the latest news involving them.

An upgrade that brings Bitcoin (BTC) into the Cosmos ecosystem has been completed, according to various announcements on Oct. 31. Cosmos announced in a tweet that its Inter-Blockchain Communication Protocol (IBC) can now transfer nBTC — a token that represents 1:1 ownership of Bitcoin.

The latest uptrends in the crypto market saw Cosmos breaking the $6.30 – $7.58 range, ending its consolidation mode. The upside move indicates magnified bullish momentum within the ATOM ecosystem, signaling a possible start of a solid surge. The token traded at $7.49 at press time, gaining 1.93% over the past 24 hours.

Circle (CRYPTO: USDC), the issuer of USDC, plans to venture out on Cosmos through its cross-chain transfer protocol system. This is expected to make transfers seamless and benefit USDC's market cap.