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Cosmos Jumps 38%–Textbook Indicator Points to 70% Price Rally

Cosmos’s native token ATOM has surged more than 38 percent in the last five days, validating a textbook technical indicator that now predicts additional 70 percent gains for the cryptocurrency. ATOMUSD breaks out of its Falling Wedge pattern. Source: TradingView.com ATOMUSD breaks out of its Falling Wedge pattern. Source: TradingView.com As shown in the chart below, ATOM/USD was trading inside a Falling Wedge pattern, confirmed by its price fluctuating downwards between two converging trendlines. On September 24, the pair rebounded from the pattern’s lower trendline to close above the upper one. Breakout Outlook ATOM/USD continued on its uptrend upon breaking…

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After Parabolic Rally, Cosmos (ATOM) Just Formed a Textbook Sell Signal

Cosmos (ATOM) has been one of the best-performing crypto assets of the past few weeks. The prominent altcoin has gained dozens of percent against the dollar and against BTC over recent weeks, setting new all-time highs. In the past 24 hours, the asset is up 3.6% and up 20% in the past seven days. Cosmos may be poised to reverse, though, with the Tom Demark Sequential printing a textbook sell signal. Related Reading: These 3 Trends Suggest Bitcoin Is Poised to Bounce After $1,000 Drop Cosmos (ATOM) Prints Reversal Signal Cosmos (ATOM) has formed a bearish reversal signal on its BTC…

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Cosmos (ATOM) Just Broke Past $8 For the First Time Ever

Just minutes, the price of Cosmos (ATOM) surpassed $8 for the first time ever. As of this article’s writing, the price of the cryptocurrency is $8.25 — up over 30% in the past 24 hours alone. This means that ATOM is outpacing all other cryptocurrencies in the top 100. Bitcoin, for instance, has rallied a mere 0.25% in the past 24 hours as the cryptocurrency enters a consolidation pattern. BTC actually consolidating is actually what is partially enabling this rally as altcoins thrive in periods of low volatility. Cosmos Breaks Past $8 Just minutes ago as of this article’s writing,…

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25% Cosmos (ATOM) Rally Could Send This Popular Altcoin Flying

Cosmos (ATOM) has been on a remarkable rally over the past few days in spite of the price of Bitcoin stalling and actually undergoing a bearish reversal. The popular altcoin has gained 25% in the past 24 hours alone, setting a new all-time high price. Analysts say the rally in the price of this altcoin could trigger a surge in the price of another popular altcoin, Algorand (ALGO). Related Reading: Crypto Tidbits: MicroStrategy’s $250m Bitcoin Purchase, Ethereum DeFi Boom, BitMEX KYC Cosmos Gain Could Send Algorand Higher: Here’s Why Analysts believe that Cosmos’ ongoing rally could set off a rally in…

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