Cosmos Price Analysis: ATOM is Still in Bullish Zone

Cosmos gradually continues to flow in the upward direction and is currently holding the mark of $2.95. The coin has gained momentum and it is expected that it is likely to continue its upward movement maintaining its position in the bullish zone.

Cosmos Statistical Data

Following is the statistical data of Cosmos (ATOM):

  • The market cap of the token is standing at $560,441,244 USD out of the whole market capitalization of the cryptocurrency.
  • $143,882,122 USD is the 24 hour volume of the coin.
  • Circulation supply of Cosmos is 190,688,439 ATOM out of the total supply 237,928,231 ATOM.

Cosmos Price

Currently, the price of Cosmos (ATOM) is holding the mark of $2.94 USD and 0.00035744 BTC with the positive change of 7.02% in 24 hours.

Last 5-day performance

The coin has shown an uptrend during the last five days. On 4th Oct, the token was trading at $2.47 mark. From this point, the price of the coin gradually started to flow in an upward direction. The coin jumped from $2.47 to $2.91 on 7th Oct showing the tendency of the bullish trend. The price of the token also crossed the $3.00 mark reaching the $3.06 point on 8th Oct.

This performance of the token is shown in the following 5-day comparison chart of the coin:

ATOM Price Forecast

The coin has succeeded to show a bullish performance during the last five days placing itself in the bullish trend. Cosmos was trading at $3.06 earlier on the 8th Oct and its target was to maintain its position above the $3.00 mark. Though the price has again gone below this mark, the coin is hopeful to retain the $3.00 figure.

Conclusion

ATOM has been trying to maintain its position in the bullish trend and is now at the edge of crossing the $3.00 mark. If the coin continues to move in the upward direction with a positive change then it is likely to achieve its milestone.

Leah Hutton

Leah Hutton has recently joined Tokenhell team as a freelance writer. She has comprehensive knowledge of blockchain and various cryptocurrencies.

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