Based

bullish

Rally

Cosmos

<p>As altcoins are ready to shoot up in this bull market, ATOM price makes a Phoenix-style recovery. Overcoming long-term bearish influence, the $6 breakout run aims to change the trend character with a 50% Fibonacci breakout.&nbsp;</p>  
<p>Will the bullish trend find broader market support to extend the rally to the $10 psychological in 2024? Let’s find out in our latest ATOM price prediction.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-cosmos-atom-price-crosses-6">Cosmos (ATOM) Price Crosses $6</h2>  
<p>In the daily chart, the ATOM price action shows a V-shaped reversal gaining momentum. Starting from the $3.90 mark, the bullish recovery overcomes the resistance trendline impact with the breakout rally.&nbsp;</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/19145503/image-145-1024x509.png" alt="ATOM Price Chart" class="wp-image-381708">
</figure>  
<p><a href="https://www.tradingview.com/x/z2w7IaQh/" target="_blank" rel="noopener noreferrer nofollow">Tradingview</a></p>  
<p>The breakout rally now stands at a 65% rise and is currently trading at $6.46. Following the massive 13.98% jump last night, creating a bullish and golden candle, the ATOM price action has broken multiple crucial resistance levels.&nbsp;</p>  
<p>The altcoin has surpassed the 200-day exponential moving average line and the 38.20% Fibonacci level priced at $6.124. As the trend reversal gains momentum, the Fibonacci level breakout mark increases the credibility of the trend reversal rally.</p>  
<h3 class="wp-block-heading" id="h-technical-indicators">Technical indicators:</h3>  
<p><strong>EMA</strong>: The surge of bullish influence over the ATOM price trend teases a positive crossover between the 50-day and 100-day EMA lines. Furthermore, the 200-day EMA witnesses an uptick.&nbsp;</p>  
<p><strong>MACD</strong>: Aligning with the average lines, the MACD and signal lines maintain a positive trend.</p>  
<h2 class="wp-block-heading" id="h-will-the-atom-price-top-10">Will The ATOM Price Top $10?</h2>  
<p>Based on the increasing trend momentum and the broader market recovery, the Fibonacci tool paint a bullish price target for ATOM. The immediate resistance for Cosmos stands at the 50% Fibonacci level at $7.19.&nbsp;</p>  
<p>The bullish breakout of $7.19 will increase the chances of the Cosmos price reaching the $10 psychological mark. Beyond this, the 78.60% Fibonacci mark at $10.63 is the potential target range by the end of 2024.&nbsp;</p>  
<p>On the flip side, the crucial supports are at the $6.124 and $5 psychological mark. However, the dynamic average lines at $5.87 and $5.02 could also help absorb any sudden surge in supply.</p>  
<p>With a bullish reversal at play, will Cosmos reach $100? Find out more about Coinpedia’s latest <a href="https://coinpedia.org/information/atom-cosmos-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">ATOM price prediction</a>.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-faqs"><br>FAQs</h2>  
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1732008313100"><strong class="schema-faq-question"><strong>What is the current price of Cosmos (ATOM)?</strong></strong>
  <p class="schema-faq-answer">Cosmos (ATOM) is currently trading at $6.46, with a 65% rise from its recent low of $3.90 and a 13.98% surge last night.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1732008314262"><strong class="schema-faq-question"><br><strong>What are the key resistance levels for ATOM in the ongoing rally?</strong></strong>
  <p class="schema-faq-answer">The immediate resistance is the 50% Fibonacci level at $7.19, with long-term targets at $10 and $10.63 (78.60% Fibonacci level).</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1732008315075"><strong class="schema-faq-question"><strong>What technical indicators support the ATOM price recovery?</strong></strong>
  <p class="schema-faq-answer">A potential bullish EMA crossover, an uptick in the 200-day EMA, and positive MACD trends confirm the strength of the current rally.</p>
 </div>
</div>

ATOM Price Rally Breaks $6: Fibonacci Levels Hint at $10 Target

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