Cosmos Price Prediction: Will Prices Hit $15

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Since June 19, the Cos­mos price has been aggres­sive­ly bull­ish, surg­ing by 86 per­cent to the cur­rent price of $10.9. Today, the trend looks poised to con­tin­ue, with prices already up by two percent. 

Part of today’s mar­ket gain is due to a 17 per­cent surge in trad­ing vol­ume, which has pushed it to $348 mil­lion. Cos­mos has also been grow­ing in trac­tion among blockchain users due to its cut­ting-edge tech­nol­o­gy and grow­ing ecosys­tem, which can pow­er blockchains, allow­ing for scal­ing and inter­op­er­at­ing them with each other. 

 Cosmos Price Analysis

The intra­day trad­ing data also shows a strong push to the upside. For starters, Cos­mos opened today’s trad­ing ses­sion aggres­sive­ly bear­ish, and the prices had fall­en by 7 per­cent at one point. How­ev­er, as the ses­sion pro­gressed, the trend start­ed to reverse, and in the past few hours, the prices have surged by 5 per­cent, wip­ing out almost all loss­es that were made in the morning. 

There­fore, there is a high like­li­hood that the cur­rent aggres­sive push to the upside will see the prices wip­ing out yesterday’s price drop. There is also a high like­li­hood that we may also see prices hit­ting the $12.3 resis­tance lev­el. In the next few trad­ing ses­sions, I expect prices to rise and trade above the $15 price level. 

Part of the rea­son for my aggres­sive bull­ish analy­sis is due to the long-term Cos­mos price action that has the cryp­to ris­ing by 86 per­cent since June 19. Today, the strong bull­ish move looks to be con­tin­u­ing for the long term. How­ev­er, should the price of Cos­mos fall below today’s price low of $10.49, then my bull­ish analy­sis will be inval­i­dat­ed. It will also indi­cate a like­li­hood of a pos­si­ble long-term bear­ish trend.

Cosmos Daily Chart



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