Cosmos is notably breaching a 1-year high, and the bullish candlewick is above 61.80% Fib Retracement level on the 2-day chart. ATOM is one of the top 20 cryptos of the market and has shown a steep growth from trading around $4 to rising as high as $6.06 in just two trading days.
Bitcoin and majority of the altcoins have experienced a gush of momentum, and thereby, the major cryptos have breached the major resistances. It was just in the past 24 hours when BTC had crossed above $12k briefly but is back to trading at $11.9k with a slight pullback. Following this, ATOM has also pulled back in the intraday to trade at $5.5 after hitting above $6.0.
Cosmos (ATOM) Price Prediction
As shown on the above 2-day chart, ATOM is trading at $5.5 after breaching a year-long resistance above $6. In the market crash during March, Cosmos tested support as low as $1.03 but is on a continual strengthening mode right after the massive sell-off. The coin was seen cumulating below 38.20% Fib Retracement level most of the time until the previous month. The market has been drawing a positive bias since the previous month, and it was just then when ATOM rose above 38.20% Fib.