Cosmos is a blockchain network that aims to solve the issues of interoperability and scalability which is a major issue for the other blockchain networks . Cosmos ecosystem provides a framework for the development of interconnected blockchain networks, which allows for seamless communication and transactions between different blockchain platforms.
ATOM holders also have a say in the governance of the network, as they can vote on proposals to make changes to the network. Another unique aspect of Cosmos is its focus on creating a decentralized internet of blockchains. By providing a framework for the development of interconnected blockchain networks, they aim to create a more open and decentralized internet which is not controlled by a few entities.
Cosmos has a market cap of $3.3 Billion and is ranked 21st in the crypto verse. Volume of the asset price has seen an increase of 19% in the intraday session. Volume to market cap ratio of ATOM suggests a consolidated trend for the price in future.
Are Bulls Of ATOM Looking For A Breakout?

The weekly technical chart of Cosmos suggests a consolidated trend in price. It has been showing a weak upside trend in the daily chart. ATOM price is currently trading near the value of $11.59 with a small drop in the intraday session. Meanwhile the resistance of the asset price can be seen near the value of $15.The support of the asset price can be seen near $8. It is trading below the 50 and 100 Daily Moving Average. There can be a negative crossover which can push the asset price to a new low in the future.
RSI of the asset price is near 46 suggesting its presence in the neutral zone.There is a downside slope suggesting a consolidated trend in price.
Conclusion
Cosmos price is currently seeing a consolidated trend with a weak upside trend. Various analysts are expecting a strong upside trend in price.
Technical Levels
Major Support:$8
Major Resistance:$15