Cosmos Hub Price Prediction: 2024, 2025, 2030

Prediction 2024

ATOM price prediction: Key highlights

1. Primary support and resistance levels

The weekly chart shows the lowest price floor to be expected at $5.5.
Subsequently, the highest resistance was marked at $12.3.

2. Market sentiment

The market sentiment remains bearish in June 2024.

3. Predictive forecasts

Our AI/ML predictive algorithms project ATOM to attain an average value close to $160 by 2027 and $1,400 by 2030.

Get expert insights on ATOM via a comprehensive weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

ATOM technical analysis: Bears wipe out a year’s gains

Over the past year, ATOM has experienced significant fluctuations, reflecting the broader market ups and downs. This prompts a closer look at Cosmos Hub’s price prediction for 2024 to understand its future potential.

The analysis commenced with market bloodshed that affected most altcoins. The asset lost its double-digit valuation in June, falling back to $7.5. However, this downturn was met with a robust bullish response, propelling the token back above $8.9 by late month.

Nonetheless, the following month was marked with consecutive red candles. The drops continued until the price fell to its lowest yearly support at $6.5 by early September. Attempts by the bulls to reverse the downtrend mid-month were met with substantial pushback at $7.5, driving the price back to this low floor in early October.

A pivotal shift occurred in mid-October when bullish forces mounted a strong comeback. Sustained buying pressure elevated ATOM over $8.9 by November. After stabilizing at this level for a few weeks, the rally continued in December when ATOM tested the highest resistance at $12.3.

The new year introduced volatility, with the asset retracting below $10.7 to go as low as $8.9 in January. Nonetheless, the bulls were undeterred, rallying again in February. By March, the token briefly surged above $12.3. This peak was succeeded by a broader market crash that intensified in April. A substantial drop similar to June’s mirrored the previous decline pattern as the asset returned to $7.5.

Towards the end of April, ATOM displayed resilience with a minor uptick that elevated it slightly above the $8.9 level. However, this wasn’t sustained. Repeated tests of this resistance till late May succumbed to selling pressure.

On June 5, the blockchain network experienced a four-hour outage during a scheduled V17 upgrade. While it didn’t lead to an immediate drop in price, the following week saw the asset trading closer to its current support. At the close of the analysis period, ATOM exchanged hands at $7.7.

If the bears continue to hold the market under their claws, further depreciation to $6.5 is likely. A continued southbound trajectory can drive the token’s value as low as $5.5. For a reversal to materialize, the bulls must flip $10.7 in their favor. A continued rally while holding this level as a base can propel a breakout over the highest resistance.

Despite the current shortcomings, ATOM’s long-term growth trajectory remains positive. Our models have projected that the asset can average around $160 by 2027. The six-year trajectory looks even more promising, with the average price exceeding $1,400.

ATOM’s 2024 roadmap: Key indicators to watch and trade

ATOM’s trading volume recovered from its lackluster state in mid-October. After that, it continued to mirror the price trajectory with noticeable dips coinciding with the dropping prices. While the uptick signaled investor backing, the withdrawal was also prominent as traders trod with caution.
The Awesome Oscillator (AO) moved above the zero line in late November. However, its positive values lessened between early January and early February before recovering.
A similar pattern was repeated in April, yet the indicator returned to negative values by the end of the month. At the time of writing, it stood at -1.467, indicating a dominant bearish presence in the market.
The Bollinger Bands started quite far apart, with the price below the 20-week Moving Average (MA). The candles even breached the lower band slightly in June and August.
Moreover, the price moved above the 20 MA by early November, bringing the bands closer. The candles frequently crossed the upper band between mid-November and December, triggering another expansion.
The bands converged again as the price peaked above the upper band in March. Nonetheless, this was reversed as the candles plunged below the 20 MA in April. This highlighted increased selling pressure in the market amid high volatility.