-The Cosmos price prediction is seen breaking above the $10 resistance level as ATOM trades bullishly above the moving averages.
-The technical indicator Relative Strength Index (14) is crossing above the 60-level as the signal line points to the north to encourage more buyers.
-Cosmos (ATOM) can now begin to maintain the uptrend as soon as the coin crosses above the upper boundary of the channel.
The Cosmos price prediction for January 3 is looking very positive as the ATOM/USD pair continues to trade bullishly above the moving averages. ATOM is currently trading at a price of $10.1 with a bullish movement above the 9-day and 21-day moving averages. This positive sentiment is also reflected in the technical indicator Relative Strength Index (14) which is currently crossing above the 60-level with the signal line pointing to the north, a sign that encourages more buyers to enter the market.
In order for Cosmos (ATOM) to maintain the uptrend, the coin must break above the current $10.11 resistance level and cross above the upper boundary of the channel. If the coin is able to do this, then there is a good chance that the price of ATOM will continue to increase in the near future. On the other hand, if the red line of the 9-day MA remains above the green line of the 21-day MA, then the current bullish trend could be short-lived and Cosmos (ATOM) could face a possible decline in the coming days.
In addition, there are currently several key levels to watch out for when it comes to the ATOM/USD pair. The resistance levels for the pair are currently set at $14, $15, and $16, while the support levels are set at $8, $7, and $6. These levels will need to be broken in order for the price of ATOM to continue its bullish trend.
Overall, the Cosmos price prediction for today is looking very good as the coin continues to trade bullishly above the moving averages. If ATOM can break above the current resistance levels and cross above the upper boundary of the channel, then there is a good chance that the price of the coin will continue to increase in the coming days.