Cosmos Jumps 38%–Textbook Indicator Points to 70% Price Rally

Source: TradingView.com As shown in the chart below, ATOM/USD was trading inside a Falling Wedge pattern, confirmed by its price fluctuating downwards between two converging trendlines. In the case of ATOM, the length of its Falling Wedge shows a 71 percent upside of about $3.

According to the pattern, the Cosmos token anticipates a further push towards the upper range of the Channel – the resistance. Data aggregator Messari writes in one of its reports: "Cosmos-based chains have market capitalizations that have been historically lower than their Ethereum counterparts.

Timeline of Cosmos, Ethereum, Atomic-coin