Merchants say ATOM might presumably make an AVAX-like increase at $ 100 By Cointelegraph

Cosmos (ATOM) has the potential to file main positive factors within the coming weeks, primarily as a result of its longer-term chart reveals an uptrend.

Nicknamed “bull flag“, the sample seems because the asset tends to fall whereas bouncing between two descending trendlines. Nevertheless, it finally ends up breaking out of the vary, within the course of its earlier development, with an equal size revenue goal. on the dimension of its earlier uptrend which is often known as the flagpole.

weekly value chart with Bull Flag configuration. Supply: TradingView
ATOM staking information. Supply: Messari
ATOM / USD Each day Worth Desk by Pentoshi. Supply: TradingView
ATOM / USD vs day by day value chart by Bluntz. Supply: TradingView