Cosmos price forecast as ATOM breaches range amid solid uptrends

The latest uptrends in the crypto market saw Cosmos breaking the $6.30 – $7.58 range, ending its consolidation mode. The upside move indicates magnified bullish momentum within the $ATOM ecosystem, signaling a possible start of a solid surge. The token traded at $7.49 at press time, gaining 1.93% over the past 24 hours.

$ATOM 24-Hr chart on Coinmarketcap

Cosmos targets more upside

$ATOM printed the $6.30 – $7.58 range during the initial half of September. The altcoin breached this territory following a 10% upswing on 30 October. The solid breakout indicates amplified buying momentum.

Meanwhile, a retest of $0.748 as a foothold can present an opportunity to purchase $ATOM. Also, such a pullback will see the RSI indicator retesting to welcome more buyers. A decisive bounce back from $7.58 might catalyze upswings to flip $8.42 into support before opening the path toward the obstacle at $10.81.

That would translate to a 42% surge from $7.58 and a nearly 30% upswing from $8.42. Positive developments within the Cosmos network and optimism in the overall market will support $ATOM’s upward trajectory.

Bitcoin remains poised for extended surges amidst spot $BTC ETF optimism. Its bullish weekly candlestick closing suggests more uptrends for $BTC and the cryptocurrency market.

However, sudden selling momentum will ruin the bullish stance. That will see Cosmos price dipping and a 24-hour candle closing beneath $6.93 will cancel the upside journey, possibly plunging $ATOM to $6.28 – a 9.45% dip.

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