Cosmos Price Prediction: ATOM breaks out, prepares for 30% bull rally

Cosmos (ATOM) price has put an end to its ongoing consolidation after breaking out of the range’s upper limit.

Cosmos price has breached the $6.28 to $7.58 range to the upside. Investors can expect a retest of the $7.58 as support to kickstart an explosive rally to $10.81. Investors need to note that a daily candlestick close below $6.93 will invalidate the bullish thesis. This move signals a spike in bullish momentum and a potential start to an uptrend. Cosmos price ready to take on resistance levels Cosmos price created a range, extending from $6.28 to $7.58 in early to mid September.

-day chart On the other hand, investors need to note that a daily candlestick close below $6.93 will create a lower low. This move will invalidate the bullish thesis and could trigger a 9.43% drop to $6.28.

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