Cosmos Price Prediction – Will ATOM Price Hit $80 in 2021?

This Cosmos (ATOM) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our ATOM price analysis and prediction.

Among the cryptocurrencies that are spiking high this year, ATOM is perhaps one of the most surprising for some. It is not directly connected to the crypto king Bitcoin, nor is it the most hyped digital currency today. But for those that are aware, ATOM has been around since 2020.

Can ATOM reach $80 in 2021? We will find out shortly. But before we proceed to our ATOM price prediction, let us first answer the question “What is Cosmos (ATOM)?” in this ATOM prediction 2021 article.

What is Cosmos (ATOM)?

Cosmos explains itself as a platform that solves few of the hardest issues facing the blockchain space. Moreover, it focuses on providing an antidote to slow, expensive, unscalable, and environmentally harmful proof-of-work protocol.

Evenmore, the project’s other aim includes creating blockchain technology less complex and difficult for developers. Furthermore, an Interblockchain Communication protocol creates it easier for blockchain space to communicate with each other safeguarding fragmentation in the industry.

Cosmos’s native token ATOM reached its new ATH of $44.70 on Sep 20, 2021. Even more, since then the coin has faced many challenges.

Now that we have an idea about ATOM, do you think ATOM will be profitable crypto in 2021? Join me and let us see the charts in this ATOM price prediction.

Cosmos (ATOM) Current Market Status

As of the time of writing this Cosmos price analysis, ATOM trades at $33.20 with a 24-hour trading volume of $394,916,650, according to CoinMarketCap. The price of ATOM has increased by 3.30% in the last 24 hours.

Furthermore, ATOM has a current circulating supply of 210,767,262.76 ATOM. Currently, the top cryptocurrency exchanges for ATOM are Binance, OKEx, FTX, Huobi Global, and Mandala Exchange. Now, let’s proceed to the next part of this ATOM price analysis for 2021.

Cosmos (ATOM) Price Analysis 2021

Currently, ATOM holds the 31th place on CoinMarketCap. But will the latest upgrades, developments, and changes in the ATOM blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this ATOM price prediction article.

Based on the chart above, ATOM positions itself along with the raging bulls. Today, ATOM trades at a high price of $33.20. In addition, we can see that ATOM recently performed a Descending Channel pattern. A descending channel is the price action that occurs in a downward direction through a falling parallel line.

More so, the chart shows the lower highs and lower Lows forms this price pattern. In addition, this pattern represents a short-term bullish.

In other words, ATOM is gearing itself for a possible bullish rally in the days to come. If this happens, the crypto might go beyond its resistance level and reach the bullish price. Of course, this is most likely to happen if the bullish market continues to reside with ATOM.

Conversely, if the bulls turn against crypto, the price of ATOM might fall. In short, ATOM might break out from its uptrend position and nosedive to a bearish price. Indeed, this price level is not a good picture in the eyes of the investors.

The Relative Strength Index (RSI) is close to 47.12, which means that ATOM is in neither overbought nor oversold state. Hence, this may lead to a price reversal at any given time. 

Therefore, traders must trade crypto carefully and must not be affected by the market hype. Keeping all this in mind, traders can be aware and move away from unexpected losses due to the crypto market’s wild swings.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of ATOM.

Since the start of 2021, ATOM’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, ATOM has a competitive market this 2021.

Cosmos (ATOM) Price Prediction 2021

The chart below shows that ATOM has performed great over the past few days. Moreover, the ATOM price over 635% in the last 12 months. If this trend continues, ATOM might run along with the bulls, overtaking its $66.41 resistance level and reach higher.

Conversely, if the investors turn against the crypto, the bears might take over and dethrone ATOM from its uptrend position. In simpler terms, the price of ATOM might drop to almost $31.38, a bearish signal.

Meanwhile, our long-term ATOM price prediction 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $44.70. Moreover, it is possible for ATOM to reach this level this year.

Cosmos (ATOM) Price Prediction 2022

If this bullish trend continues, ATOM will reach $150 by the end of 2022. Moreover, the first half of 2022 is going to show rapid growth, up to $180. Then the rise will slow down, but no major falls are expected. With upcoming, partnership, and developments reaching $90 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Cosmos (ATOM) Price Prediction 2023

If ATOM holds the support level around 200-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $250, making it not plummet but play consistently.

Cosmos (ATOM) Price Prediction 2024

As per the latest upgrades, developments, ATOM price prediction, and new project forecasts of the platform, ATOM investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of ATOM in the crypto market, and it will be the best investment as the price can spike and reach around $500.

Cosmos (ATOM) Price Prediction 2025

In the next four years, ATOM prices could rise up to $680. More so, reaching this level could not be so difficult for ATOM as an additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that ATOM has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

ATOM has a bright future ahead of it in 2021. With the ongoing developments happening within the ATOM system, as well as in the overall cryptocurrency market, we may see ATOM reach new heights.

Bullish ATOM price prediction 2021 is $66.41. As said above, it may even reach $80 if investors have decided that ATOM is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

Recommended Articles