Cosmos

Gains

<p>Cosmos crypto price made headlines with a potential 590% gain based on a Power of 3 setup, a 60% surge in user activity, and Nomic’s audit success.</p> 
<h2 class="wp-block-heading" id="h-price-phases-accumulation-manipulation-and-projected-distribution"><strong>Price phases: Accumulation, Manipulation, and Projected Distribution</strong></h2> 
<p>The monthly timeframe shows a ‘Power Of 3’ setup in Cosmos cryoto price as it squared towards a projected gain of 590%. It breaks down into three separate phases — accumulation, manipulation, and distribution.</p> 
<p>In the accumulation phase, the price consolidated below and above an ascending channel. Liquidity accumulated sideways as players positioned themselves at increased prices.</p> 
<p>This was a foundational phase to determine future price movements.</p> 
<p>Then, in the manipulation phase, the price broke below the accumulation zone through stop losses to conduct a liquidity grab. It is followed by a usual auto-cough to cull the weak hands off the market and continue to accumulate.</p> 
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   <em>ATOM/USDT monthly chart | Source: X</em>
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<p>The final distribution phase targets a price of $38.37 and therefore a potential upwards of 590% from current levels.</p> 
<p>It’s the last phase of the Power of 3 setup, but this is a final distribution of liquidity at higher price levels.</p> 
<p>This classic pattern of accumulation, manipulation, and distribution indicates a bullish outlook for Cosmos.</p> 
<h2 class="wp-block-heading" id="h-increased-adoption-reflects-rising-demand-for-cosmos-crypto"><strong>Increased Adoption Reflects Rising Demand for Cosmos Crypto</strong></h2> 
<p>In the past three weeks, active users rose by roughly 60%. The monthly active user is a unique, paid, and revenue-generating address, meaning that users are using the network, compared to just having a wallet and housing some test coins.</p> 
<p>You can see a strong comeback for user activity following a dip earlier in 2023 shown on the graph. With this current uptick, the ecosystem feels like it saw a reversal in its utility and user engagement.</p> 
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  <img loading="lazy" decoding="async" width="690" height="842" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-676.png" alt="" class="wp-image-849717" style="width: 100%;height:auto" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-676.png 690w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-676-246x300.png 246w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-676-150x183.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-676-300x366.png 300w" sizes="auto, (max-width: 690px) 100vw, 690px">
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   Source: X
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<p>This compared favorably to previous sharp increases likely due to Cosmos ecosystem announcements. Developments that may have brought fresh interest to its user base can also be attributed.</p> 
<p>It also indicated increased network activity, possibly stemming from the launch of a new dApp, a partnership, or something to enhance the network’s functionality.</p> 
<p>The increasing demand for the Cosmos Hub is evident in its growing monthly active users pointing towards the Cosmos Hub as a revenue-generating blockchain.</p> 
<p>Furthermore, the data validates Cosmos crypto’s importance in the space. It shows an increase in user adoption and participation in the crypto ecosystem.</p> 
<h2 class="wp-block-heading" id="h-nomic-audit-milestone-in-cosmos"><strong>Nomic Audit Milestone in Cosmos</strong></h2> 
<p>Recently, the nomic team audited their nomic codebase as a whole, from the nomic team itself. That stamps the credibility and technical solidity of any achievement and builds trust in the fact that the platform actually works.</p> 
<p>This decentralized Bitcoin bridge emphasized above is NomicBTC, the most decentralized Bitcoin bridge.</p> 
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  <img loading="lazy" decoding="async" width="656" height="842" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-677.png" alt="" class="wp-image-849722" style="width: 100%;height:auto" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-677.png 656w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-677-234x300.png 234w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-677-150x193.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-677-300x385.png 300w" sizes="auto, (max-width: 656px) 100vw, 656px">
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   Source: X
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<p>With NomicBTC, decentralized Bitcoin interactions become possible, strengthening the interoperability of blockchain space.</p> 
<p>This sealed a security audit for Nomic and the Cosmos ecosystem as a whole. It brings a new level of trust and increasing the adoption.</p> 
<p>Notably, this development illustrated the paramount importance of security and decentralization of blockchain infrastructure.</p> 
<p>It explains how Nomic is helping out with the larger blockchain ecosystem by offering an important secure and decentralized Bitcoin bridging component for a wide range of use cases.</p> 
<h2 class="wp-block-heading" id="h-cosmos-crypto-key-levels-and-indicators-to-watch"><strong>Cosmos Crypto Key Levels and Indicators to Watch</strong></h2> 
<p>Looking at the Cosmos’ chart, it is telling us of an ascending channel, which indicates a bull run, having higher highs and higher lows.</p> 
<p>The price is above both the 50-period SMA at $5.957 and the 200-period SMA at $4.938, confirming bullish momentum.</p> 
<p>With the blue line above the signal line and values above zero, the True Strength Index indicates bullish momentum.</p> 
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  <img loading="lazy" decoding="async" width="1024" height="472" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-678-1024x472.png" alt="" class="wp-image-849727" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-678-1024x472.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-678-300x138.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-678-768x354.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-678-1536x708.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-678-150x69.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-678-696x321.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-678-1068x493.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-678.png 1600w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
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   <em>ATOM/USD 4-hour chart | Source: Trading View</em>
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<p>This is also supported by the Awesome Oscillator (AO), which shows positive green bars indicating increasing buying pressure.</p> 
<p>The next price point to breach is $7.00, followed by $9.00. But, a rejection at the resistance could lead to a pullback to support at $5.957 or the channel’s lower boundary.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/11/24/analysts-eye-590-gains-in-cosmos-crypto-if-it-does-this/">Analysts Eye 590% Gains In COSMOS Crypto, If It Does This</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

Analysts Eye 590% Gains In COSMOS Crypto, If It Does This

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