Cosmos (ATOM), which has come to the fore with the rise of cryptocurrencies in its ecosystem, may be one of the star candidates of the coming period.
The Cosmos ecosystem, shining with the breathless rise of Injective (INJ) and Celestia (TIA), has accumulated an extraordinary volume. Cosmos, which stands more solid than other ecosystems during periods when the market is on a downward trend, seems to make a name for itself in the coming days. Despite INJ and TIA making new ATHs, there has been no drastic action yet from ATOM, the main cryptocurrency of the project.
Could ATOM, which is increasing expectations day by day, experience a sharp rise? What is the latest situation on the technical side for ATOM?
The glorious rise of INJ and TIA has not yet paved the way for ATOM!
INJ and TIA, two of the most popular coins of the Cosmos ecosystem, exploited the volume of not only ATOM but also the altcoin market in general. As of December 12, popular coins that made a new ATH suppressed ATOM, even though it was close to it. In the light of current data, ATOM, the star candidate of 2024, which is at $ 10,944, can make a move to 12,708 – 13,432 – 14,763 and 17,195 dollars, respectively, as long as it settles above $ 11,587.
Interest in ATOM may decrease if BTC falls below 40 thousand dollars, if there is negative news from the Cosmos ecosystem, or if a coin within the ecosystem increases at a high rate. This will also bring selling pressure. In such a scenario, an relaxation to $10.68 may be followed first. Afterwards, the levels of 10.1999 – 9.336 and 8.265 dollars should be taken into consideration as support levels, respectively.
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