Cosmos (ATOM), known as the “Internet of Blockchains,” is the focus of this analysis. This analysis focuses on the ATOM price prediction for the coming period, with insights from our premium environment.
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Technical Analysis Cosmos (ATOM)
Crypto Insiders analysts have been following ATOM for a long time. They now also see opportunities on the horizon. She told all premium members the following:
“Since mid-December 2023, ATOM has been in a downtrend with an ABC Elliott wave pattern. What’s special is that the B wave has exactly reached the 50% and 61.8% Fibonacci levels, which gives us important clues about the price movements.
We now expect ATOM to fall slightly below the 61.8% level in the blue zone, which corresponds to a price between $7.71 and $8.62. After this decline, we expect the price to stabilize in the blue zone and potentially start a new uptrend.
At the moment we are waiting a bit before we decide to invest. We first want to see clear signals of a trend reversal. We will continue to monitor the progress closely in order to be able to get in on time.”
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