ATOM Cosmos Analysis Update

$ATOM is currently ranked 47th on CoinMarketCap. Despite a rather poor cycle and disappointing performance, there are encouraging signs: the key support level at 3.6 has been respected. In the last two weeks, its price has risen by more than 40%. This could mark the end of the downward manipulation and the beginning of a bullish movement.

In previous analyses, we mentioned that #ATOM was about to take off, but due to negative news, the price dropped and retested its last low in the 3.6 zone. That’s why it’s important to remember that no matter the analysis you have or see, always make staggered purchases and don’t buy everything at once.

This is my analysis; make your own and, if you’re afraid, use a stop-loss. Currently, ATOM is bouncing back after testing its last low. Keep in mind that the next resistance is in the lower part of the range at 5.5. Our targets for the coming months are in the 15 level, for a return of more than 200% from the current prices.

Remember, this crypto has had very poor performance, but if you’re chasing a strong movement with multiple X returns, this could be a good opportunity.