Cosmos price prediction 2024-2030: Will ATOM recover ATH?

Key takeaways

• Cosmos price prediction shows a high of $14.5 by the end of 2024, with the average price hovering around $12.5.
• If the market is confirmed to enter a bull run, its price can reach $37 by the end of 2025.
• Other factors like use case, market sentiment, and updates can push its price above $100 by the end of 2030.

With the ICF’s support, Cosmos was founded by Ethan Buchman and Jae Kwon in 2014. The company launched its ICO in 2017, after which the network went live two years later.

While it started strong and reached its all-time high above $44 in January 2022, the price eventually plummeted under the market’s bearish sentiments.

Since then, it has struggled to recover up to the same levels. However, quite recently, the coin has found strong support at the $5.0 level, so it is not likely to dip below that point.

The bottom for this coin might be in, which means that investors looking to enter into Cosmos now can make good returns. Once the market’s structure becomes bullish, more eyes turn towards altcoins.

As the market slowly improves, many crypto investors ask, “Can Cosmos hit $100 in the long and short term?” and ” Will Cosmos recover to its all-time high of $44?”

Let’s answer these questions based on our Cosmos price prediction.

Overview

Cosmos price prediction: Technical analysis

Cosmos price analysis: ATOM/USD retests the EMA 50 and upper trend line on the 4-hour chart

TL; DR Breakdown

• ATOM/USD recently dipped to $4.02 and retraced slightly.
• Cosmos is testing major resistance levels on the upper trend line of the falling wedge on 4-hour and 1-day charts.
• If it bounces back down from here, it is likely to form another lower low and break below its previous support of $4.02.

According to our Cosmos price analysis for 21stth August, the coin is currently retesting the EMA 50 line on the 4-hour chart along with the upper trend line of the falling wedge pattern. It is yet to test the EMA 50 on the daily chart, but seems to be getting rejected from the upper trend line. If ATOM doesn’t break above, it is likely to retest and dip below $4.02 to form another lower low.

Cosmos price analysis 1-day chart: ATOM/USD continues to form lower highs

ATOM dipped below the support line at $5.0 earlier after testing it twice. It is now retesting the upper line of the falling wedge on the daily chart. It appears that it may be rejecting this trend line and form another lower high, to retest the lower trend line.

ATOM 1-day price chart (Source: TradingView)

The daily chart shows the RSI level is at 39, which suggests it is still in neutral territory. Consequently, Cosmos will likely show slight dip and a retest of the lower support zone. If the market’s sentiment turns slightly bullish, it may actually break above after which the EMA 50 line will act as major resistance.

ATOM/USD 4-hour price chart: Cosmos retraces above $4.02

The 4-hour Cosmos chart is quite similar to its daily chart. ATOM/USD has found strong support at $4.02. After hitting that point, the price slightly recovered due to increased buying pressure. Now, Cosmos (ATOM) is retesting the upper trend line and the EMA 50 line..

ATOM 4-hour price chart (Source: TradingView)

If Cosmos manages to break above this level, the next major resistance level will be $6.39, from which Cosmos has dipped earlier. However, the market will require several bullish signals to recover to that point.

What to expect from ATOM price analysis next?

The $4.29 level may be the local bottom. Cosmos may consolidate sideways for a while before reaching the upper levels. However, based on the indications from the larger time-frames, Cosmos is likely to dip lower again.

Cosmos technical indicators: Levels and action

Daily simple moving average (SMA)

Daily exponential moving average (EMA)

Cosmos price analysis conclusion

Overall, Cosmos seems to have bearish sentiments at the moment. It is getting rejected from the upper trend line on the daily chart, suggesting that it is more likely to form another lower low below $4.02.

Is Cosmos a good investment?

Cosmos is a good investment as the platform has a good future roadmap. The ATOM token fuels the network and is crucial for the Cosmos blockchain ecosystem. Hence, it is likely to recover in the future. However, it is important always to do your research because cryptocurrencies can be very volatile and may make unpredictable moves.

Why is Cosmos down?

Cosmos is down because of the current sentiment and the market’s conditions, which are bearish. Overall, the Cosmos platform has been working on several updates, and investor sentiment is somewhat improving. However, for its price to recover, the market’s structure needs to be flipped to bullish and a bull run needs to be confirmed.

Will Cosmos recover?

Yes, Cosmos is likely to recover by the end of this year. Based on our predictions, it can recover to $37 by 2025, and may go as high as $53 by 2026.

Will Cosmos reach $10?

Yes, Cardano can reach $10 this year. All it needs to do is retrace back to that level, which can happen easily if the market’s sentiments become bullish.

Will Cosmos reach $50?

Based on historical data and on our price forecast, Cosmos can reach $50 by 2026. However, to reach that level, it will have to break its all-time high of $44, and at that point, the resistance will be very strong. Hence, a lot of bullish momentum will be required to break above.

Will Cosmos reach $100?

Since the all time high of Cosmos was around $44, breaking this point will require significant bullish momentum. While it is possible, there can be a lot of resistance from early buyers breaking-even and new buyers taking profits.

Does Cosmos have a good long term future?

Yes, Cosmos has a good long-term future because the platform has been bringing updates and continues to improve. The coin still has many loyal investors who believe in the ecosystem and continue to accumulate.

Recent news/opinion on Cosmos

• Cosmos is developing the ATOM decentralized VPN, which is currently in its early version and will allow users to pay for the service using $ATOM.
• Recently, Cosmos has released the updated 0.50 version of its SDK for blockchain development.

Cosmos Price Prediction August 2024

Cosmos has been down significantly from its all-time high. Hence, it is not likely to see any significant upward momentum at the moment. However, ATOM/USD is expected to recover from its recent dip to $4.02, for which the market needs to become slightly bullish.

By the end of August, Cosmos is expected to break above $6.2 and retest those levels if the the market’s sentiment improves.

Cosmos price prediction 2024

After the recent ETH ETF approval, the overall market structure has become slightly bullish. Hence, we can expect more money to flow into the cryptocurrency market over the next few months. If the world’s economic state and geopolitical tensions don’t worsen, we can see improvement in Cosmos by Q4 of 2024.

We can expect it to recover above $11.4 and retest at $14.5. If a bull run is confirmed, the price of atom will likely break above these values.

Cosmos price predictions 2025-2030

Cosmos price prediction 2025

Provided that the market’s structure keeps improving and the bull market starts by 2025, we can see more investments flowing into Cosmos. At that point, it would mark 6+ months since Bitcoin’s halving. Hence, Cosmos may reach a high of up to $37. However, in the worst-case scenario, we can see it plummeting to $7.58 before finding major support at that level.

Cosmos price prediction 2026

The same growth trajectory in Cosmos price can continue later in 2026, with the yearly high expected to be at around $53 and the yearly low to be at $9.90. This can lead to an increase in the selling pressure and early investors will want to trim their profits off. Overall, the average price in 2026 will be about $31.9.

Cosmos price prediction 2027

With massive sell pressure in 2026, Cosmos may take a hit in 2027 and plummet down to a high of only $22.40 this year. During this time, its support levels may have slightly risen to about $10. If we look at its price action in previous chart and assume that it will continue to follow market trends, it may stabilize between these two levels.

Cosmos price prediction 2028

The bearish structure of 2027 can continue to impact trading price of the market until 2028, and Cosmos can continue its rally down with the average price hovering in the range of $14 – $15 and a yearly high of around $19 resistance levels.

Cosmos price forecast 2029

Cosmos price prediction for 2029 is quite bullish. It may break its previous high of 2026 and form another all-time high at current price of $73.20. However, the market must respect its previous trends and bullish/bearish cycles from the past years.

Cosmos price prediction 2030

We can expect Cosmos to peak even further in 2023, at about $107.11 high and a low of $15.90. However, for this to happen, the platform must undergo some key developments with increased adoption. Overall, its utility and usage is what determines its price so far down the road.

Cosmos price prediction 2025-2030

Cosmos price prediction: Analysts’ ATOM price forecast

Cryptopolitan’s Cosmos price prediction

According to our ATOM price forecast, the coin’s market price might reach a maximum value of $33 by the end of 2024. Looking forward to 2026, the price of Cosmos (ATOM) could surge to $57. However, this would predominantly depend on its buying demand and the sentiments of investors over the next few years.

Cosmos historic price sentiment

• Cosmos ICO was released in 2017, and the network became ready to use after two years in 2019. Ethan Buchman and Jae Kwon founded it.
• Cosmos price peaked during the bullish cycle of 2021, reaching above $44.
• After 3rd April 2022, Cosmos’s price plummeted to $6.39; since then, it has consolidated between this level and $16.
• Recently, at around $13 on 8th March 2024, Cosmos faced significant resistance.
• In July 2024, ATOM is trading within the range of $5 to $6.
• As of August, the market has dipped to $4.02 and is expected to face a lot of buyer pressure from the bears.