Cosmos Price Gains 8.5% to $31.55 – Where to Buy ATOM

The crypto market has been in a recession over the past few weeks, with bitcoin leading in the recession. However, altcoins have continued to register gains, which have led to bitcoin’s dominance dropping to 40%. Cosmos ATOM is among the leading gainers of the past 24 hours, which have enabled the coin to create an all-time high.

ATOM is trading at $31.55 at the time of writing after an 8.5% gain in 24 hours.

ATOM Price Analysis

Source: Tradingview

ATOM has been a leading gainer in the past 24 hours, despite weakening support from the broader market.  ATOM has managed to create an all-time high at $36.42, but it faced rejection.

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Despite the slight hourly dip below the all-time high, ATOM is still in bullish sentiment. If the buying support continues, we could see the coin heading towards the upper resistance of $32 and $34. This price action could lead to the coin reaching its all-time high again. If the broader market support kicks in, we could see ATOM setting the next target at $40.

Nevertheless, support from the broader market is weakening, as bitcoin has dropped to 44K. Hence, the current ATOM bulls are attributed to increased buyer activity. However, if buyers decide to sell because of pressure from the bearish sentiment across the broader market, ATOM could decline and retest the lower support of $28.

The developments on the Cosmos blockchain have also played a role in fuelling the recent gains. The network was recently endorsed by the Pangolin exchange, a decentralized exchange (DEX). This will allow users on the exchange to access different new liquidity pools dominated by ATOM pairs.

The adoption of the Cosmos blockchain is also expected to increase in future because of the increased demand for cryptocurrencies as a means of payment. The blockchain enables the launch of more efficient cryptocurrencies such as wrapped bitcoin, making it easy for such coins to achieve high transactions speeds.

Where to Buy ATOM

If you want to buy ATOM during the current uptrend, you can create an account on the following reliable platforms:

  • eToro

eToro is a social copy trading platform where a new trader can copy the strategies used by a seasoned trader. eToro charges low trading fees and commissions. Its features are user-friendly to make it easy for both new and expert traders to use the platform.

  • Kraken

You can buy ATOM from Kraken. Kraken is one of the largest and popular exchanges. Kraken offers support to a wide range of cryptocurrencies and trading pairs. The exchange is also made up of user-friendly features that make it easy to trade.

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Read more:

  • How to buy bitcoin
  • How to sell cryptocurrency

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